Isak Andic, the founder of Spanish clothing retailer Mango, one of Europe's largest fashion groups with nearly 2,800 stores worldwide, died Saturday in an accident, the company said.

Isak Andic, one of Spain's wealthiest individuals and owner of fashion behemoth Mango, tragically died in a mountain accident, as confirmed by authorities.The unfortunate incident occurred during a family outing in Collbato,

Born in Istanbul, Isak Andic immigrated to Spain from Turkey at the age of 13. He began his career by selling T-shirts to classmates which culminated in the establishment of Mango's first store in Barcelona in 1984. At the time of his death, Andic had an estimated net worth of $4.5 billion, according to Forbes.