Amancio Ortega, an 88-year-old Spanish founder of Zara is Spain’s richest man. Born in 1936 in a small village called Leon, his story is a true inspiration. His fortune stems from his 59% stake in Indetext the largest clothing retailer that owns brands like Zara, Bershka and Mossimo Dutti. Under his leadership the brand gained worldwide recognition, making him a name in the fashion industry.
Ortega is said to live a low-key life despite this wealth, he is said to wear the simplest of clothing and sits among fabric and designer experts at Zara headquarters. Ortego is a philanthropist too and has a foundation with the name Amancio Ortega Foundation and has significantly donated $344 million to Spanish public hospitals for breast cancer and donated $68 million during the pandemic.
Amancio Ortega Net Worth
Amancio Ortego has a net worth of $112.7 billion as of June 2024. A pioneer in the fast fashion industry this man is nothing less than a master. The youngest in the family owns 7400 stores worldwide with a leading revenue of $38.9 billion. Since Ortego’s brand Inditex became an IPO he received a dividend of $10 billion. He also invested $1.2 billion in acquiring properties and holds stakes in companies like Enagas, Repsol, Telefonica SA Tower Unit, REN and Redeia.
Amancio Ortega acquisitions & it’s business
He has diverse his wealth across sectors and his notable investments in these companies give a boost to his portfolio. These investments show his modern economic sense and bring him stability and a noteworthy position in the market.
Amancio Ortega’s Inditex – a Clothing Brand
Amancio Ortega founded Inditex and built a portfolio in the fashion and clothing sector. This umbrella brand holds multiple brands, under the title and operates in stores worldwide.
Sr. No | Company Name | Year Founded | Current Valuation |
---|---|---|---|
1 | Zara | 1975 | $107 billion |
2 | Zara Home | 2003 | $2 billion |
3 | Pull&Bear | 1986 | $3 billion |
4 | Massimo Dutti | 1985 | $193 billion |
5 | Bershka | 1998 | $279 billion |
6 | Stradivarius | 1994 | $161 billion |
7 | Lefties | 1993 | $1 billion |
8 | Oysho | 2001 | $42 million |
Amancio Ortega’s other businesses
Amancio Ortega owns Inditex and has built an extensive portfolio of clothing brands. The brands he owns have a collective of 5692 stores worldwide with €36 billion in revenue. He is a visionary and focuses on consumer trends and the fast-paced fashion industry.
Sr. No | Company Name | Current Business | Current Valuation |
---|---|---|---|
1 | Enagas | Spanish energy company | $558 billion |
2 | Repsol | Involved in renewable energy projects | $16 billion |
3 | Telefonica SA’s Tower Unit | Telecommunications infrastructure provider | $912 billion |
4 | REN | Operator of power grids in Portugal | $171 billion |
5 | Redeia | Operator of power and gas grids in Spain | $365 billion |
Amancio Ortega’s real estate investment
Ortega’s real estate investments are managed by Pontegadea, the world’s most notable commercial property. His real estate investment portfolio includes iconic buildings in major cities like Madrid, New York City, Seattle and Chicago. Ortega’s diverse and strategic property investments showcase his style and sense of property investments that bring him fruitful returns. Ortega has a diversified portfolio estimated at $6.6 billion by the end of 2025.
Property Name | Bought At Price | Current Valuation |
Torre Picasso, Madrid | $429 million (2011) | $536 million |
Cepsa Tower, Madrid | $526 million (2016) | $590 million |
Miami Beach Block | $370 million (2015) | $450 million |
E.V. Haughwout Building, NYC | $145 million (2015) | $200 million |
Amazon-Leased Buildings, Seattle | $1.1 billion (2019) | $1.3 billion |
45-Story Apartment Tower, Chicago | $232 million (2023) | $250 million |
Frequently Asked Questions
1. What is Amancio Ortega’s net worth?
Amancio Ortega’s net worth stands at $108 billion, making him one of the wealthiest individuals in the world.
2. How did Amancio Ortega make his fortune?
Ortega has expanded its fashion brands through its parent company Inditex contributing immensely to the fast-paced fashion industry and making its fortune better.
3. What companies does Amancio Ortega own?
Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Lefties are major brands owned by Amancio Ortega.
4. What other investments does Amancio Ortega have?
Ortega investments include office and residential buildings. Notable properties include the Torre Picasso in Madrid, the E.V. Haughwout Building in New York City, and the Epic Residences and Hotel in Miami.
Amancio Ortega Net Worth & Investments
Know the Amancio Ortega Net Worth, the founder of Zara and Inditex. All about his contribution to the fast paced fashion industry and more
Address: Spain
Gender: Male
Job Title: Founder