AMANCIO ORTEGA • Net Worth $62 billion • House • Yacht • Private Jet • Inditex • Zara

Net Worth:$62 billion
Source of Wealth:Inditex / Zara
Born:March 28, 1936
Wife:Flora Pérez
Children:Marta Ortega, Sandra Ortega Mera, Marcos Ortega Mera
Residence:La Coruña, Galicia, Spain
Private Jet:Gulfstream G650 (EC-LZU)
Yacht (2)Valoria B

A Glimpse into the Life of Amancio Ortega

Amancio Ortega, the billionaire magnate, is most recognized as the founding force and major shareholder of the global Spanish retail empire, Inditex. Best known for its chic Zara brand, Inditex is a titan in the world of fashion. Born in March 1936, Ortega leads a fulfilling personal life, happily married to Flora Perez with three children – Marta Ortega, Sandra Ortega Mera, and Marcos Ortega Mera. His unparalleled success in the business world has earned him the title of the wealthiest man in Spain.
Beyond his significant commercial accomplishments, Ortega is a lover of luxury, owning grand yachts such as the Drizzle and Valoria B.

Key Takeaways

  • Amancio Ortega, the founder and primary shareholder of Inditex, is one of the wealthiest individuals in the world. His retail empire, best known for the Zara brand, has over 7,200 stores globally.
  • Ortega’s journey began with a modest workshop named Confecciones Goa, which over time evolved into Inditex, the largest fashion group worldwide.
  • Ortega’s influence is not limited to Zara. Brands like Massimo Dutti also form a part of Inditex’s global fashion influence.
  • With a net worth of $62 billion, Ortega’s wealth is not only from his fashion empire but also from astute investments in real estate. His portfolio includes several luxury hotels.
  • Ortega is not just a business magnate but a dedicated philanthropist. His foundation committed $344 million towards the procurement of advanced breast cancer screening technology for Spanish public hospitals in 2017.

The Rise of Inditex

Inditex, a name synonymous with global fashion, stands today as the largest fashion group worldwide. With an impressive network of more than 7,200 stores, Inditex rakes in annual sales exceeding US$ 25 billion, providing employment to more than 162,000 individuals globally.
This colossal fashion empire was born as Confecciones Goa, a humble workshop that produced dresses and quilt dressing gowns. Within a decade, Ortega’s business acumen and vision saw the workforce grow to 500. 1975 marked a pivotal moment when Ortega launched the first Zara store. Today, Zara products are desired and purchased worldwide.

Massimo Dutti: A Jewel in Inditex’s Crown

Massimo Dutti is another successful subsidiary under the Inditex umbrella. Specializing in clothing manufacturing, Massimo Dutti boasts a workforce of over 4,000 employees. Interestingly, the brand’s initial years were focused on men’s clothing alone.

The Net Worth of Amancio Ortega

Through his personal holding company Pontegadea Inversiones SL, Ortega maintains control over 1.8 billion shares or 59% of Inditex’s share capital. In 2016, his company received dividends amounting to more than $1.2 billion. These profits fuel Ortega’s investments in real estate, with an impressive portfolio featuring several luxury hotels, including a prestigious establishment in Miami.
Estimated at a whopping $62 billion, the net worth of this Spanish billionaire places him among the richest people in Europe. His staggering wealth places him on par with the likes of Bill Gates. There was even a brief period when Ortega surpassed all to become the richest man in the world.

Philanthropy and Giving Back

Ortega’s influence extends beyond the business realm as he is also a dedicated philanthropist. Through the Amancio Ortega Foundation, he has invested generously into various charitable causes. Notably, in March 2017, the foundation made a commitment to spend $344 million towards the procurement of advanced breast cancer screening technology for public hospitals across Spain.

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Amancio Ortega

Amancio Ortega Gaona

yacht Valoria B – Feadship – 2019 – Amancio Ortega

Ortega family yacht

10 Facts About Amancio Ortega you probably didn’t know

  1. He is the founder and controlling shareholder of Inditex.
  2. Inditex is one of the largest fashion companies in the world.
  3. Inditex has more than 162,000 employees.
  4. In 2016 he received $1.2 billion in dividends.
  5. His net worth is $62 billion.
  6. This makes him one of the richest people in Europe.
  7. In 2017 he donated $344 million to breast cancer screening technology.
  8. He has owned several yachts, named Valoria or Drizzle.
  9. His latest yacht is a relatively small (47 meter) Feadship named Valoria B.
  10. He also owns a $75 million Gulfstream G650 private jet (EC-LZU).

Valoria B Yacht

Ortega also owns the smaller 47-meter yacht Valoria B. He uses her as a ‘local’ yacht near one of his Spanish residences.