Amancio Ortega Net Worth is$38 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Mar 28, 1936
Country: Spain
Amancio Ortega Gaona is a Spanish fashion executive and entrepreneur with a net worth of $38 billion. He has accumulated this net worth through many years in the fashion industry and is most notable as the founder and owner of retail store Zara. Amancio Ortega Gaona has been characterized by his extreme secrecy and low profile despite the fact that he is the seventh richest person in the world behind Carlos Helu, Bill Gates, Warren Buffett, Ingvar Kamprad, Bernard Arnault and Larry Ellison. Amancio is the richest person in Spain and the second richest person in all of Eurpope. Ortega has never given a public interview, and in contrast to his work in the world of high fashion is most often seen in a pair of blue jeans and a T-shirt. Make no mistake, though: His low profile does not mean that he is a "do nothing" executive. He is said to have a major hands-on role in his company the Inditex group, which includes such respected fashion brands as Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka. At 75 years old, though, Gaona has shown signs of slowing down. He recently announced his retirement from the day to day operations of Inditex, and that by the vice president and CEO of Inditex, Pablo Isla, will be taking his place at the head of the company.
Amancio Ortega Gaona (born March 28, 1936) is a Spanish fashion executive and founding chairman (1985) of the Spanish clothing merchandiser Inditex. He is ranked by Forbes as Spain's richest man; Europe's second richest man; and the fifth richest man in the world in 2011. He currently lives with his second wife in a discreet apartment building in the centre of A Coruna.
Ortega was born in Busdongo de Arbas, Leon, and lived his childhood in Leon. He moved to La Coruna, Spain, at the age of 14, due to the job of his father, a railway worker. Starting as a gofer in various shirt stores in La Coruna, Galicia, in 1972 he founded Confecciones Goa (his initials in reverse), which made bathrobes. In 1975 he opened the first store in what would grow into the enormously popular chain of fashion stores called Zara. He owns 59.29% of the Inditex group (Industrias de Diseno Textil Sociedad Anonima) which includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka and has more than 92,000 employees.
Ortega keeps a very low profile. He refuses to wear a tie, and likes to dress in blue jeans and T-shirts. He is said to take a very active part in the production and design process in the company.
When he made a public appearance in 2000 - as part of the warm-up prior to floating his company on the stock market in 2001 - it made headlines in the Spanish financial press. However, he has never given an interview, and his secrecy has led to the publication of books such as Amancio Ortega: DE CERO A ZARA (From Zero to Zara).
Ortega, announced his imminent retirement from the fast-fashion giant Inditex, parent company of the Zara chain, stating that he will ask Inditex vice-president and CEO Pablo Isla to take his place at the helm of the textile empire.

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Amancio Ortega Latest News

Bezos second richest in the U.S., passes Buffett

The rankings are slightly different for the world as a whole. Gates still retains the number one spot, but Spanish business magnate Amancio Ortega came in second with $76 billion. Bezos continued in the number three slot, with Buffett and Zuckerberg behind ...
Posted: October 17, 2016, 7:00 pm

Zara boss snaps up Madrid skyscraper for €490 million

Europe’s richest man Amancio Ortega knows a thing or two about smart investments. The founder of global fashion group Inditex, which owns the brand Zara, has long been one of the wealthiest individuals in the world thanks to his business savvy and eye ...
Posted: October 13, 2016, 1:22 am

Surgical strikes and the startup founder

Zara is not only a globally popular apparel brand, its founder Amancio Ortega (I bet most haven’t heard of him) is currently the richest man in the world, having recently overtaken Bill Gates. He is reported to be worth over US$70 billion, and has only ...
Posted: October 24, 2016, 8:37 pm
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