The founder of Mango, Isak Andic, died tragically in an accident.
He fell into a gorge near caves in the Montserrat mountain range.
Andic died this afternoon at the age of 71 as a result of an accident, El País reports.
The 71-year-old businessman likely fell about 150 metres into the gorge while on a hike with his family.
Billionaire Andik and his family's net worth is estimated at approximately $4.5 billion.
A tragic incident involving the founder of the Mango chain of stores occurred in the mountains of Catalonia.
A medical helicopter and an ambulance arrived at the scene immediately. However, doctors could only confirm that the man had died.
On the day of the tragedy, the businessman was on an excursion with family members.
The famous businessman and owner of a fashion company was one of the richest people in Spain.