Amancio Ortega
$124.6B
Born
Mar 28, 1936
Age
89
Source of Wealth
Zara
Residence
La Coruna,
Citizenship
Spain
Marital Status
Married
Children
3
Education
- Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.
- A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.
- He owns about 60% of Madrid-listed Inditex, which has seven brands, including Massimo Dutti and Pull & Bear and 5,000 stores around the world.
- In 2022, after working at Inditex for 15 years, his daughter Marta Ortega Pérez became chairperson of the company.
- Ortega earns more than $400 million in yearly dividends, which he reinvests primarily in real estate across Europe and North America.
- Ortega first began his career manufacturing textiles through a small family company in 1963.
- Ortega's real estate portfolio, which includes logistics, residential and office properties, rents to tenants including Apple, Amazon and Walmart.
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