Billionaire Profile
Tomas Olivo Lopez
Global Rank
#706

Image: Public domain | via Wikimedia Commons

Tomas Olivo Lopez

CEO, General de Galerías Comerciales
ES
Real-Time Net Worth
$5.6B
As of December 2025
Age
51
Source
Shopping centers
Industry
real-estate
Citizenship
ES

Biography

Tomas Olivo Lopez, a prominent figure in the Spanish real estate sector, has built a substantial fortune through the development and management of shopping centers. With a current net worth of $5.6 billion, he holds the 706th position globally among billionaires. His career began in real estate, and he is the owner of General de Galerías Comerciales (GGC), a company with a portfolio of shopping centers across Spain. Olivo's success is marked by strategic investments and a keen ability to identify and capitalize on market opportunities, making him one of Spain's most influential entrepreneurs.

Wealth Over Time

In-Depth Profile

Early Life and Career Beginnings

Tomas Olivo Lopez, born in Murcia, Spain, embarked on his entrepreneurial journey. He started his career in the real estate sector, initially focusing on smaller projects before expanding into larger commercial ventures. Olivo's early work involved acquiring land and developing properties, laying the foundation for his future success.

Rise to Success with General de Galerías Comerciales (GGC)

A pivotal moment in Olivo's career was the establishment of General de Galerías Comerciales (GGC). Founded in 1995, GGC became the cornerstone of his business empire, specializing in the development and management of shopping centers. Under Olivo's leadership, GGC constructed a significant network of shopping centers across Spain, including cities like Málaga, Barcelona, and Madrid. His strategic vision led to the acquisition of prime real estate and the creation of successful commercial hubs.

Key Business Strategies

Olivo's business acumen is characterized by several key strategies. He focused on identifying opportunities in the Spanish real estate market, acquiring strategic locations, and developing properties that met the evolving needs of consumers and retailers. His foresight in choosing locations outside of major cities, such as Marbella's La Cañada shopping center, proved highly successful. Olivo's approach included a hands-on management style, ensuring the quality and success of each project.

Financial and Business Acumen

Besides his success in real estate, Olivo has also strategically invested in the financial sector. He increased his stake in Unicaja Banco to become its second-largest shareholder, demonstrating his influence in the financial landscape. This move highlighted his ability to diversify investments and expand his business interests beyond real estate.

Philanthropy

Olivo has demonstrated a commitment to corporate social responsibility and community development, participating in various philanthropic initiatives, supporting education, healthcare, and cultural programs in Spain.

Career Milestones

1995

Founded General de Galerías Comerciales (GGC)

Established the company that became the foundation of his shopping center empire.

1990s

Acquired land outside of Marbella

Began buying land which led to the development of key shopping centers like La Cañada.

2017

Entered Forbes list

Made the Forbes list of richest people.

2023

Increased Unicaja Banco stake

Became the second-largest shareholder in Unicaja Banco.

Philanthropy & Social Impact

Community Development

Various Initiatives

Unknown

Supports education, healthcare, and cultural programs in Spain