[1] There, he went to Colegio Retamar, Pozuelo de Alarcón, a fee-paying school affiliated with Opus Dei, a Catholic movement.

Agag graduated from the Colegio Universitario de Estudios Financieros (CUNEF) in Madrid with a degree in economics and business studies.

[2] In 1989, Agag joined Nuevas Generaciones (NNGG), the youth organization of the main centre-right Spanish party Partido Popular, which at the time was in the opposition.

[3] During that time, Agag traveled extensively, representing NNGG in organizations such as the Democrat Youth Community of Europe and EYCD.

As Deputy Secretary General, Agag was tasked with coordinating different groups within the EPP and drafting policy papers to be presented at the congress.

In 1996, the centre-right won the elections in Spain, and Agag became the political aide of the prime minister at the time, José María Anzar.

Later that year, for the first time, the EPP won the European Parliament elections and became the largest political force in Europe.

Agag is currently Chairman of Addax and was joined in 2009 by Ignacio Muñoz Alonso, former CEO of Rothschild Bank in Spain.

In 2007, the Financial Times named him one of the 10 "shakers and movers" of the Spanish economy, and described him as a "political hopeful, economist, banker and indefatigable dealmaker."

[16][17][18] Through his connection within the sport, Agag has worked with Flavio Briatore, Bernie Ecclestone and Lakshmi Mittal.