Olegario Vázquez Raña, a prominent Mexican businessman and influential figure in various sectors, passed away on March 28, 2025, at the age of 89, according to a statement from Grupo Imagen. His death marks the end of an era in the Mexican business landscape, leaving behind a substantial legacy in health, media, and sports.
Born on December 10, 1935, in Mexico City, Vázquez Raña was the son of Venancio Vázquez Álvarez and María Raña Antas. He studied Business Administration and began his career by helping to grow a credit appliance store with his brothers, which laid the foundation for his future entrepreneurial ventures.
Vázquez Raña founded Grupo Empresarial Ángeles, a conglomerate that encompasses the Ángeles private hospital chain, Camino Real hotels, the Multiva financial group, and the Grupo Imagen telecommunications chain. His vision and leadership significantly contributed to the expansion of these sectors in Mexico. Pascal Beltrán del Río, editorial director of the Excélsior newspaper, remarked on Vázquez Raña's impact, stating he leaves behind a "huge legacy in fields like business, health, and sports."
In addition to his business ventures, Vázquez Raña was a dedicated athlete who represented Mexico in shooting at four Olympic Games, specifically in Tokyo 1964, Mexico 1968, Munich 1972, and Montreal 1976. His achievements in the sport earned him recognition, including the National Sports Award in 1975 after winning a gold medal at the Pan American Games in Mexico City.
His influence extended beyond athletics; he served as Vice President of the Mexican Sports Confederation from 1983 to 1992 and was a member of the Mexican Olympic Committee since 1969. He also held the position of Honorary Life President of the International Shooting Sport Federation from 1980 until his death, where he was noted for advocating gender equality and modernization within the sport.
Vázquez Raña's contributions to health care were equally significant. He founded Grupo Ángeles Servicios de Salud, which operates one of the largest networks of private hospitals in Mexico. His commitment to improving medical infrastructure in the country has left a lasting impact on the health sector.
In 2003, he became the majority partner of Grupo Imagen, which includes multiple media outlets such as Excélsior, Imagen Televisión, and Radio Imagen. His son, Olegario Vázquez Aldir, took over the direction of the company in 2009, but Vázquez Raña remained involved in executive decisions, ensuring his vision continued to guide the organization.
In 2014, he made headlines by acquiring Club Querétaro in the Liga MX, famously signing Brazilian star Ronaldinho, which brought significant attention to Mexican football.
Throughout his life, Vázquez Raña was married to María de los Ángeles Aldir, and they had three children: María de los Ángeles, Mónica, and Olegario Jr. His family continues to uphold his legacy in business and philanthropy.
His passing has prompted an outpouring of tributes from various sectors, reflecting on his remarkable contributions and the void his absence leaves. Many have shared condolences and memories on social media, highlighting the profound impact he had on the lives of those around him.
Vázquez Raña's legacy is not only marked by his business achievements but also by his dedication to sports and health, making him a multifaceted figure in Mexican society. His vision, drive, and philanthropic efforts have inspired many, ensuring that his influence will be felt for years to come.
In the final moments of his life, he was reportedly surrounded by family, receiving the care and love that characterized his relationships throughout his life. As colleagues and friends reflect on his accomplishments, they remember him as a visionary leader who transformed industries and touched countless lives.
Olegario Vázquez Raña's contributions to Mexico's business, health, and sports sectors will remain a significant part of the nation's history. His story serves as a testament to the impact one individual can have across multiple fields, inspiring future generations to pursue their passions and make a difference.
