Who is Amancio Ortega?
Amancio Ortega is the founder and controlling shareholder of Inditex. Inditex is a Spanish retailer. It is known for its Zara brand. He was born in March 1936. He is married to Flora Perez. He has 3 children (Marta Ortega, Sandra Ortega Mera, and 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.
Amancio Ortega Net Worth
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 $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 $62 billion. This makes him one of the richest people in Europe. He is almost as rich as Bill Gates.
For a short time, he was the richest man in the world.
Ortega is an active philanthropist through his Amancio Ortega Foundation. In March 2017, the foundation pledged to spend $344 million. That was to acquire the latest breast cancer screening technology for public hospitals across Spain.
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10 Facts About Amancio Ortega you probably didn’t know
- He is the founder and controlling shareholder of Inditex.
- Inditex is one of the largest fashion companies in the world.
- Inditex has more than 162,000 employees.
- In 2016 he received $1.2 billion in dividends.
- His net worth is $62 billion.
- This makes him one of the richest people in Europe.
- In 2017 he donated $344 million to breast cancer screening technology.
- He has owned several yachts, named Valoria or Drizzle.
- His latest yacht is a relatively small (47 meter) Feadship named Valoria B.
- He also owns a $75 million Gulfstream G650 private jet (EC-
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.
Amancio Ortega House
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.
He uses the Gulfstream G650 with registration EC-
Up to a few years ago, he was using a Bombardier BD-