Net Worth: $1.99 Billion
- Source of Wealth Investments
- Birth Place Madrid, Spain
- Marital Status Married to Ana Gamazo
- Full Name Juan Abello Gallo
- Nationality Spain
- Date of Birth December 16, 1941
- Occupation Businessman
- Education Colegio del Pilar
- Children four children
About Juan Abello
Juan Abello is a Spanish businessman with an estimated net worth of $1.99 billion as of April 2016 according to Forbes. He is the ninth richest person in Spain and is ranked 704th in the list of World Billionaires.
Abello is a graduate of the Colegio del Pilar with a degree of Doctor of Pharmacy. He has earned his net worth when he inherited the Abello Laboratories from his father, Juan Abello Pascual. He decided to sell the family’s pharmaceutical business to multinational corporations Merck Sharp and Dohme. The proceeds of the sale were invested in various industries such as banking and textiles.
Considered as a one time pharmacist, Juan Abello has acquired a 9.6% share in the construction giant Sacyr Vallehermoso where he is the current Vice President. He has also recently placed some amount in Spain’s abundant public debt. He is a constant figure in tables as he appears along with well-known politicians as well as the members of the Spanish artistic and cultural circles.
Juan Abello is also best known for his remarkable art collections such as the works of geniuses like Pablo Picasso, Francisco Goya, El Greco, Edgar Degas, Toulouse-Lautrec, Salvador Dali, Francis Bacon and Vincent Van Gogh. He is an enthusiastic hunter who also loves to watch bullfights and soccer games.