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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

Brexit: World's richest lose over $170 billion as $2.7 trillion wiped off global markets

22 suffered over US$1 billion in losses each. The biggest loser on the day was Europe's richest man Amancio Ortega, founder of the parent company of retailer Zara, who loss nearly eight per cent of his fortune after haemorrhaging US$6 billion. The world's ...
Posted: June 27, 2016, 12:52 am

Spanish billionaire Amancio Ortega picks up Murray Hill hotel for $68M

Spanish fast-fashion mogul Amancio Ortega’s Ponte Gadea purchased a 205-key hotel at 70 Park Avenue for $67.6 million, according to city property records. The seller was hotel investment firm KHP Capital Partners. The neoclassical-style Murray Hill ...
Posted: June 28, 2016, 4:31 am

Biggest Losers: 12 Billionaires Hit Hard By Brexit

(Pictured: Amancio Ortega) A palpable atmosphere of shock, chaos and fear was felt last Friday after Brexit’s win — if you could ever call it that. The ‘win’ amounted to a whopping loss of more than US$2 trillion in global equity markets ...
Posted: June 28, 2016, 6:38 am

Gold shines in the shadow of Brexit bloodbath

Europe's richest person, Spanish retailer Amancio Ortega, shed $1.5 billion. Bill Gates and Mark Zuckerberg were the worst-performing US billionaires on Monday losing $1.8 billion and $1.6 billion, respectively. There were 69 billionaires on the index who ...
Posted: June 29, 2016, 2:01 am

World’s wealthiest lose almost $200bn after Brexit vote

The worst losses among the European billionaires were seen by Germany’s third-richest person Georg Schaeffler who lost $1.9 billion, and Europe’s richest person, Spanish retailer Amancio Ortega –down by $1.5 billion. Bill Gates and Mark Zuckerberg ...
Posted: June 29, 2016, 12:26 am
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