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Amancio Ortega
Amancio Ortega Net Worth is $38 Billion. 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 fou. Amancio Ortega Gaona (born M...

Amancio Ortega Net Worth is $38 Billion.

Amancio Ortega Net Worth is $38 Billion. 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 fou Amancio Ortega Gaona is a Spanish fashion executive and founding chairman 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 , 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 which includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivariu...
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Amancio Ortega Latest News

The Very, Very Big Problem With Your Very, Very Cheap Clothing

Betcha didn’t know the chairman of H&M, Stefan Persson, is the 28th richest person in the world. Oh, and the co-founder of Zara, Amancio Ortega? He’s the 4th richest person. But the only way to turn a profit on such cheap items is by making it in large ...
Posted: April 27, 2015, 3:07 pm

Watch John Oliver Slam Fashion Industry's Child Labor Practices

(Forbes ranks Zara co-founder Amancio Ortega as the fourth-richest person in the world, at $67.1 billion.) It's a simple business model: In order to sell clothes for cheap, you have to sell a lot of them, so you have to make them quickly and cost-effectively.
Posted: April 27, 2015, 7:00 am

Microsoft to open flagship Pitt Street Mall store

According to the latest data, the richest retailer in the world is Amancio Ortega, who owns Zara, followed by the richest person in the world, Bill Gates, who founded Microsoft and was valued at about $79 billion, and Stefan Persson, the owner of H&M ...
Posted: April 16, 2015, 1:23 am

Meet Amancio Ortega: The third-richest man in the world

FORTUNE — The motorbike roared up to the traffic light in La Coruña in northern Spain and stopped alongside a black Town Car. From inside, the passenger glanced out his window and saw the young biker leaning over the handlebars, jean jacket decorated ...
Posted: January 9, 2013, 3:06 am

Spanish railway worker's son will become Britain's richest landowner: Billionaire behind Zara fashion chain now owns large parts of Mayfair and City office blocks

Amancio Ortega has leaped ahead of the Queen’s distant cousin to top a list of super-rich landowners. The reclusive 78-year-old Spaniard sank his huge wealth into bricks and mortar and now has a £4billion global property empire including a large chunk ...
Posted: December 4, 2014, 3:34 pm
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