Yacht Length: 67 m (220 ft) – Guests: 10 in 5 cabins -
Ortega Net Worth: US$ 66 billion -
Ortega is the richest person in Europe. He also owns the new Feadship yacht Valoria B.
He is the founder and controlling shareholder of Inditex. Inditex is a Spanish retailer. It is known for his Zara brand. He was born in March 1936. He is married to Flora Perez. He has 3 children (Marta Ortega, Sandra Ortega Mera, Marcos Ortega Mera). He is the richest man in Spain.
He is the owner of the yachts Drizzle and Valoria B.
Inditex is the biggest fashion group in the world. The company has more than 7,200 stores. It realizes more than US$ 25 billion in annual sales. Inditex has more than 162.000 employees.
The company started life as Confecciones GOA. It was a modest workshop making dresses and quilt dressing gowns for distribution. In ten years, the workforce grew to 500. In 1975 he opened the first Zara store. Zara products are sold over the world.
Massimo Dutti is a clothes manufacturing company. It is part of the Inditex group. Massimo Dutti has more than 4,000 employees. In the early years the company only sold men’s clothing.
Ortega holds 1.8 billion shares or 59% of the share capital. He holds the shares through his personal holding company Pontegadea Inversiones SL.
In 2016 the company received more than US$ 1.2 billion in dividends. That was EUR 0.60 per share. He uses the dividends to invest in real estate. He owns several luxury hotels, including a hotel in Miami.
The net worth of the Spanish billionaire is estimated at US$ 66 billion. This makes him the richest person in Europe. He is almost as rich as Bill Gates.
For a short time he was the richest man in the world.
He owns several houses. He is said to frequently use a country house in La Coruna, Spain. His daughter Marta married there in 2012 with Spanish equestrian Sergio Álvarez Moya.
He and his wife Flora Perez also own a large town house near the marina of La Coruna.
Ortega is an active philanthropist through his AmancioOrtega Foundation. In March 2017, the foundation pledged to spend $344 million. That was to acquire the latest breast cancer-
Up to a few years ago, he was using a Bombardier BD-
Update: He uses the Gulfstream G650 with registration EC-
The yacht Drizzle was delivered by Feadship in 2012. The 67 meter yacht is designed by De Voogt Naval Architects. The yacht is a replacement for the smaller (55 meter) yacht also named Drizzle.
The new yacht was styled similar and proportioned accordingly to the first Drizzle. The two yachts look like sisters. In the summer of 2017 the owner and his wife Flora were pictured by The Daily Mail. They were having a holiday on board their yacht Drizzle.
The yacht is powered by 2 MTU diesel engines. They bring her a top speed of 16 knots. She has a cruise speed of 12 knots. Her range is more than 4,000nm.
Redman Whiteley Dixon is responsible for the interior of motor yacht Drizzle. She can accommodate 10 guests and has a crew of 19.
The 55 meter yacht was built as Twizzle. We think for UK business man Michael Bradfield. The yacht was sold to Ortega and named Drizzle. Upon delivery of the new Drizzle, the 55 meter was sold to a Japanese. He named her Issana.
The Japanese owner sold Issana to US real estate developer Jeffrey Soffer. Soffer named her Madsummer.
Several Spanish news sites mention that the Feadship Femke is Ortega’s new yacht. We were in doubt at first. Since Femke does not seem to be a logic name for a Spanish billionaire.
But Femke is now named Valoria B. And that makes sense as he used to own a smaller yacht named Valoria. So indeed the Feadship Valoria B (built as Femke) is his new yacht.
We estimate the costprice of Valoria B at US$ 35 million. Valoria B is powered by 2 MTU diesel engines. Her top speed is 14 knots. Her cruise speed is 12 knots.
The boat is not available for yacht charter. And the yacht is not listed for sale.
Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth and net worth.
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