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Amancio Ortega Net Worth And Biography


Sep 28, 2023

Amancio Ortega Net Worth And Biography

  • Amancio Ortega , the founder of clothing retailer Zara , is the sixth-richest person in the world , according to Forbes.
  • The 82-year-old Spaniard is worth an estimated $67.9 billion.
  • Ortega owns 59% of Inditex, the world’s largest clothing retailer that owns Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, and other brands.
  • He has bought properties in Madrid , London , Miami Beach , and New York City .
  • Amancio Ortega is one of the richest men in Europe, and the wealthiest clothing retailer in the world.
  • For a brief period of time in 2015, he was the richest man in the world, bypassing Bill Gates when his net worth peaked to $80 billion as Zara’s parent company Inditex’s stock peaked.

Amancio Ortega Net Worth And Biography

He may be the sixth-richest person in the world, but few people know his name. Amancio Ortega is the Spanish billionaire behind Inditex, the world’s largest clothing retailer that owns Zara, Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, and other brands.

Ortega is worth an estimated $67.9 billion , according to Forbes

Amancio Ortega Gaona was born in Busongo de Arbas, Leon, Spain on the 28th of March, 1936. He is the son to Antonia Ortega Rodriguez and Josefa Gaona Hernandez. He mostly spent his childhood in Leon. 

Ortega left school t an early age and moved to A Coruna at the age of 14. Shortly after, he found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña. 

  • Age: 84
  • Source of Wealth: Zara, Self Made
  • Residence: La Coruna, Spain
  • Citizenship: Spain
  • Marital Status: Married
  • Children: 3

Manacio Ortega founded Confecciones Goa in 1972, to sell quilted bathrobes. A few years later he opened his first Zara store with his wife Rosalia Mera. 

In 2009, Zara was a part of the Inditex group of which Ortega owned 59,29%, and aside from over 6,000 stores included the brands Zara, Massimo Dutti, Oysho, Zara Home, Tempe, Pull and Bear, Bershka and Stradivarius. 

His public appearances in 2000, as part of the warm-up prior to his company’s initial public offering on the stock market in 2001 made headlines in the Spanish financial press. Ortega was, however, the only one who was ever granted interviews to three journalists. 

In 2011, Ortega announced his imminent retirements from Inditex, parents company to the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place. 

As of 2016, he owned around 60% of Inditex, which is the holding company for Zara and related chains. 

In 2020, Amancio Ortega’s net worth is estimated to be roughly $67.9 billion.

Amancio Ortega Net Worth

Amancio Ortega is currently one of the richest and the most successful men on earth, with an estimated net worth of $67.9 billion dollars.

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