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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

Zara founder Amancio Ortega Gaona buying first Canadian property in Toronto for $255-million, sources say

The Spanish billionaire behind the Zara retail banner is buying into Toronto’s upscale Yorkville commercial district, paying more than a quarter-billion dollars for 150 Bloor St. W., a 270,000-square-foot mixed retailing and office building, sources ...
Posted: June 26, 2014, 8:51 pm

Inditex Casts Doubt on Margin Revival as Profit Declines

New outlets so far this year have included a flagship Zara store in Hong Kong on Queen’s Road, and the Stradivarius chain’s first shop in the U.K. The retailer, controlled by billionaire founder Amancio Ortega, still gets 22 percent of revenue from ...
Posted: September 17, 2014, 9:37 am

Tourism ventures of Zara owner fail to take off

Amancio Ortega seems to be riding an everlasting lucky wave. The Spanish industrialist's retail firms generate substantial profits every year. So much so that the chairman of Inditex has become the world's third wealthiest man, Forbes notes. The Spanish ...
Posted: September 11, 2014, 3:41 am

Spain's Inditex sees first half profits slip on strong euro despite robust Zara stores sales

Founded in 1975 by Amancio Ortega, Inditex operates eight brands including Massimo Dutti, Bershka and Oysho. Inditex's shares were down 1.7 per cent in morning trading in Madrid while the main Spanish index was up 0.3 per cent.
Posted: September 17, 2014, 1:39 am

Strong euro dents 1st-half profits for Zara owner

Founded in 1975 by Amancio Ortega, Inditex operates eight brands including Massimo Dutti, Bershka and Oysho. Inditex's shares were down 1.7 percent in morning trading in Madrid while the main Spanish index was up 0.3 percent.
Posted: September 17, 2014, 1:30 am
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