Juan Abelló

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Juan Abelló
Born
Juan Abelló Gallo

1941 (age 82–83)
Madrid, Spain
EducationComplutense University of Madrid
Colegio del Pilar
OccupationBusinessman
SpouseAna Isabel Gamazo y Hohenlohe-Langenburg
Children4
Juan de Flandes, The Baptism of Christ, c. 1496-1499. Oil on panel. Part of the Abelló collection.

Juan Abelló Gallo (born 1941) is a Spanish businessman and art collector. In March 2021,

Forbes estimated his wealth at $3 billion.[1] In 2023, CEO World Magazine ranked him as the seventh-richest person in Spain, with an estimated net worth of $2.8 billion.[2]

Early life

Juan Abelló was born in 1941

Universidad Complutense de Madrid
.

Career

In 1966 Abelló was appointed Managing Director of

Montedison
.

In 1990, he founded Torreal, a family-owned global investment firm with more than 25 portfolio companies, diversified across various segments and geographies.

In 2013, through Torreal, he invested in Investindustrial which controlled 37.5% of the automobile manufacturer Aston Martin.[5] In 2018, through Torreal and in a joint-venture with the British investment fund GHO, Abelló started the company of cannabis-derived products Linneo Health.[6][7]

In 2018, he named his son Miguel Abelló Gamazo executive vice-president of Torreal,[8] and then president of the company in 2020.[9]

Art collector

Abelló owns about 500 works of art, including pieces by

Toulouse-Lautrec, Salvador Dalí, and Vincent van Gogh.[1][10]

Abello owns one of the last large triptychs painted by Francis Bacon, Triptych 1983 (1983), and a small triptych by Bacon, Three Studies for a Portrait of Peter Beard (1975).[11][12]

Personal life

Abelló is married to Ana Isabel Gamazo y Hohenlohe-Langenburg,

Hohenlohe-Langenburg. They have four children.[1] He is an avid deer hunter.[13]

References

  1. ^ a b c "Forbes profile: Juan Abello". Forbes. Retrieved 11 June 2021.
  2. ^ Brown, Lisa (2023-01-03). "Wealthiest People in Spain (January 3, 2023)". CEOWORLD magazine. Retrieved 2023-01-07.
  3. ^ http://www.sacyr.com/es_en/images/goberning_bodies_tcm30-9718.pdf Archived 2018-03-16 at the Wayback Machine
  4. ^ a b "El multimillonario Juan Abelló logra beneficios récord con el monopolio del opio en España". eldiario.es. 18 September 2016. Retrieved 15 March 2018.
  5. ^ "Juan Abelló entra en el accionariado de Aston Martin". abc (in Spanish). 2013-09-12. Retrieved 2022-09-21.
  6. ^ Vélez, Antonio M. (2018-09-24). "El multimillonario Juan Abelló se alía con un fondo británico para cultivar cannabis medicinal en España". elDiario.es (in Spanish). Retrieved 2022-09-21.
  7. ^ "La empresa de cannabis de Juan Abelló mejora ingresos y reduce sus pérdidas hasta 8,5 millones en 2021". www.plantadoce.com (in Spanish). 29 August 2022. Retrieved 2022-09-21.
  8. ^ "Juan Abelló sitúa a su hijo Miguel como vicepresidente de Torreal". El Español (in Spanish). 2018-02-14. Retrieved 2022-09-21.
  9. ^ "Juan Abelló le cede la presidencia de Torreal a su hijo". www.plantadoce.com (in Spanish). Retrieved 2022-09-21.
  10. ^ a b Kassam, Ashifa (5 November 2014). "One of world's best private collections gets public airing in Madrid gallery". the Guardian. Retrieved 15 March 2018.
  11. ^ "Triptych, 1983, exhibited in Dallas' Meadow Museum's 50th Anniversary celebrations". Francis Bacon.com. Archived from the original on May 25, 2015. Retrieved May 22, 2015.
  12. ^ "The Abelló Collection: A Modern Taste for European Masters". Meadows Museum. Retrieved May 22, 2015.
  13. ^ "- EL MUNDO | Suplemento Crónica 482 - Le quita el récord a don Juan Carlos". www.elmundo.es. Retrieved 2023-01-07.
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