Juan Abelló

Juan Abelló
Born
Juan Abelló Gallo

1941 (age 83–84)
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[3] in Madrid, the son of a pharmacist father, Juan Abello Pascual.[4] He has a bachelor's degree in pharmacy from the Complutense University of Madrid (1963), and a doctorate in pharmacy (1978) from Universidad Complutense de Madrid.

Career

In 1966 Abelló was appointed Managing Director of Antibióticos, S.A., the family group founded by his pharmacist father, Juan Abello Pascual, in 1919. The company had obtained the first licence in Spain in 1934 to manufacture opioid-derived medication.[4] In 1986, he led the disposal of Antibióticos and other family pharma assets (maintaining Alergia e Inmunología Abelló, S.A. and Alcaloides, S.A.) to 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 Francisco Goya, El Greco, Edgar Degas, Pablo Picasso, 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,[10] grand-daughter of Prince Max Egon of 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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