Isak Andic: Billionaire Mango founder plummets to death, falls from cliff while hiking

A billionaire fashion tycoon has died after reportedly falling over 100m when he slipped off a cliff while hiking.

Isak Andic, founder of the popular fashion brand Mango was hiking in near Barcelona when he is understood to have fallen.

A police spokesperson said Mr Andic was exploring the Montserrat caves when the tragedy occurred.

Shortly after 1pm on Saturday, local time, authorities were called.

Specialised crews and a rescue helicopter raced to the area, however Mr Andic was discovered dead.

Current Mango chief executive Toni Ruiz said: “His departure leaves a huge void but all of us are, in some way, his legacy and the testimony of his achievements.”

“It is up to us to ensure that Mango continues to be the project that Isak was ambitious and proud of.”

Mr Andic has a net worth of $7 billion according to Forbes.

Mango, the brand Mr Andic founded posted a tribute online after the tragic news was confirmed by police.

The fashion industry mogul was born in Turkey in 1953 before moving to Spain in 1969.

There, he created Mango, an iconic fashion line now in 120 countries.

Mr Andic was still involved with the company when he died, working as the non-executive chairman of Mango.

Spanish Prime Minister Pedro Sanchez called the death “tragic”.

“My condolences to the family of Isak Andic, founder of Mango, on his tragic death in an accident in the Salnitre de Collbató caves,” he wrote on X.

“All my love and recognition for your great work and business vision, which has turned this Spanish firm into a world leader in fashion.”