Herrero

Rank #810

SPAIN•Fashion & Retail•Supermarkets

Hortensia Herrero

Net Worth

$5.235B

0% (24h)

Hortensia Herrero is a Spanish billionaire businesswoman and philanthropist. As Vice President and co-owner of Mercadona, one of Europe's largest supermarket chains, she has played a key role in the company's success. Her estimated net worth is $5.6 billion as of 2024. Herrero, along with her husband Juan Roig, acquired a significant stake in Mercadona in 1981, and has since been instrumental in its growth and expansion to over 1,700 stores. Beyond her business ventures, Herrero is deeply committed to philanthropy. She founded the Hortensia Herrero Foundation to support the arts and culture in Valencia, where she resides. Her career has been defined by significant achievements in both the business and cultural spheres.

The Full Dossier

Early Life and Education

Hortensia María Herrero Chacón was born on May 20, 1950, in Valencia, Spain. She earned a degree in Economics from the University of Valencia. There, she met her future husband, Juan Roig.

Rise to Success

In 1981, Hortensia, along with her husband Juan Roig, acquired a stake in Mercadona. Together, they transformed the then-small chain of eight stores into a retail powerhouse. Hortensia has served as the Vice President of Mercadona since 1990.

Key Business Strategies

Mercadona, under the leadership of Juan Roig and with Hortensia's involvement, has implemented several key strategies, including a focus on private-label products, supply chain efficiency, and customer-centric operations. The company also has a Total Quality Management model.

Philanthropy

Hortensia is a dedicated philanthropist, with a passion for preserving Valencian heritage, supporting contemporary art, and promoting dance initiatives. In 2012, she established the Hortensia Herrero Foundation, which has funded significant restoration projects and educational programs. The foundation supports the arts and culture in Valencia.

Career Timeline

2023