He was son of Joan Ramon I, Count of Cardona and Joana of Gandía.
Hugo of Cardona possessed the monopoly to exploit sugar in Gandia.
He sold the business during the second half of the 15th century to the stockists of the Magna Societas Alemannorum of Ravensburg.
[1] From his mother he inherited, Calasanz and Sanui in Ribagorza, and Guadalest and Confrides in the Kingdom of Valencia.
In 1427 Hugo de Cardona married Blanca of Navarre, lady of Caparrosso, Aézcoa, Carazar and Caseda, daughter of Juana of Navarra who was a natural daughter of King Charles II of Navarre.