This is how Juan Roig manages his fortune

EXPANSIÓN launches a weekly section today, featuring Juan Roig, analyzing how major Spanish business leaders manage their fortunes. The president of Mercadona has a net worth of €5.841 billion, which he allocates to a startup accelerator and a basketball team, among other projects.

A few months ago, after the devastating floods in the Valencian Community, Juan Roig recalled his mother’s words : “She used to say that when you die you don’t take a penny with you, and if you give it to people, they are incredibly grateful .” The president of Mercadona, one of the richest men in the country, summarized his contribution after the floods (between aid to individuals and businesses, he exceeded 35 million euros) and also the strategy he and his wife, Hortensia Herrero, are following to decide the fate of their wealth.

According to the latest Forbes list, his fortune amounts to €5.841 billion, which is added to the €3.6 billion of his wife, Hortensia Herrero, vice president and shareholder of Mercadona. The supermarket chain has an annual turnover of €35.6 billion and has exceeded €1 billion in profits for two consecutive years.

With the profits generated by the supermarket chain and other business ventures they have acquired, the Roig Herrero family is focusing on leaving a long-term legacy centered in Valencia and with three main pillars: entrepreneurship, sports, and art.