July 28, 2021

The incredible life of Amancio Ortega, the wealthy owner of the Zara empire

He is the sixth richest person in the world, but few people know his name. Amancio Ortega is the Spanish billionaire behind Inditex, the world’s largest fashion distributor that owns the brands Zara, Pull & Bear, Bershka, Massimo Dutti and Stradivarius, among others. Ortega has an estimated fortune of $ 62.7 billion (55.5 billion euros), according to Forbes. The mysterious founder of Zara was briefly the richest man in the world in 2015, according to Forbes. He surpassed Bill Gates, the richest man at the time, when his net worth peaked at $ 80 billion (€ 71 billion), and shares of Zara’s parent company, Inditex, shot up. reached their peak. But when the action came back down, Ortega again became the second richest man in the world, a place he reached in June 2015.

Read also : Here’s how Zara gets to know what clothes are going to love you before you even know it

Despite Ortega’s impressive fortune, many people have never heard of him. The 82-year-old Spaniard fiercely protects his privacy and grants few interviews to the press.

Ortega founded fast-fashion giant Zara with his wife Rosalia in 1975. Today his clothing store company Inditex SA – which owns eight brands including Zara, Massimo Dutti and Pull & Bear – has more than 7,500 stores in worldwide.

There are only five people in the world who have a greater fortune than Ortega: Jeff Bezos, Bill Gates, Warren Buffett, Bernard Arnault and Carlos Slim Helu. Bloomberg data, however, indicates that since last year, Bill Gates’ net worth has declined by $ 1.1 billion (€ 975 million), while Ortega’s has increased by $ 10.4 billion. dollars (9.2 billion euros).

Amancio Ortega is the sixth richest person in the world, with an estimated net worth of $ 67.9 billion.

Getty Images / Xurxo Lobato

Source:Bloomberg

Ortega owns 59% of Inditex, the world’s largest fashion distributor, which owns brands such as Zara …

fotopress/Getty Images

Source: Bloomberg

… Pull & Bear, a store specializing in teenage clothing, which has 970 stores in 76 markets in Europe, the Middle East, Africa, Asia and South America …

Manu Reino/SOPA Images/LightRocket via Getty Images

Source: Business Insider

… Bershka, the second largest chain in terms of number of stores in all of Inditex’s activities, with a turnover that represents 9% of the group’s total income …

Facebook / Bershka

Source: Business Insider

… Massimo Dutti, Stradivarius, Oysho, Uterqüe and Zara Home.

Facebook / Massimo Dutti

Source: Business Insider

Ortega was born in 1936 in the north-west of Spain, he is the son of a railway worker and a stay-at-home mother.

Getty Images

Source: Bloomberg

He started making clothes for his siblings and his future wife, Rosalia Mera, in the early 1960s. In 1975, Ortega and Mera opened the first Zara store in downtown La Coruña, Spain.

Jesus Sancho / AP Images

Source: Bloomberg

Ten years later, in 1985, Ortega integrated Zara into a holding company called Inditex. He and his wife Mera separated around this time, but she remained the second largest shareholder in the company.

Jesus Sancho / AP Images

Source: Bloomberg

In August 2013, Rosalia Mera died at the age of 69, she was the richest woman in Spain.

Xurxo Lobato / Getty Images

Source: Associated Press

Ortega has been married to his second wife, Flora Perez, since 2001.

Photo de Europa Press – Pool / Getty Images

Source: Bloomberg

Ortega and Perez had a daughter, Marta, the main design consultant at Zara Women.

Jacopo Raule / Getty Images

Source: Brides

She married Sergio Álvarez Moya, Spain’s first rider in February 2012, but the couple separated in 2015.

Photo: Europa Press / Europa Press via Getty Images

Source: Brides, ThinkSpain.com

In November 2018, Marta married Carlos Torretta, a modeling agent and the son of stylist Roberto Torrettain, at his family’s home in Galicia, Spain.

Photo de Europa Press – Pool / Getty Images

Source: Brides,W Magazine

Spanish media called the ceremony, which had a handpicked guest list, ‘wedding of the year’.

Source: W Magazine

Ortega’s eldest daughter he had with his ex-wife Rosalia Mera, Sandra Ortega Mera, inherited the title of the richest woman in Spain after the death of her mother.

Xurxo Lobato / Getty Images

Source: Bloomberg

With her fortune estimated at $ 6.85 billion (around € 6 billion), she controls 5% of Inditex through her holding company, Rosp Corunna.

Xurxo Lobato / Getty Images

Source: Bloomberg

Ortega and his wife, Flora, live in a low-key apartment building in La Coruna, Spain, near the Atlantic Ocean.

Wikimedia Commons

Source: Forbes

For a while, Ortega owned the Pazo de Dodro farm and estate, near La Coruña. This site was the wedding venue of his daughter Marta and Sergio Alvarez Moya, but it is not known whether Ortega is still the owner.

Xurxo Lobato / Getty Images

Source: The world

Ortega is known to want to keep his life private. In 2012, Bloomberg said he only gave interviews to three journalists. He also dresses modestly, since he usually wears a simple blue blazer, white shirt, and gray pants – and none are from Zara.

Europa Press / Europa Press via Getty Images

Source: Bloomberg

He goes to the same café every day and eats lunch with his employees in the company cafeteria.

Xurxo Lobato / Cover / Getty Image

Sources: Publico.es and adlatina.com

In his spare time, Ortega is often seen at equestrian events. He also has an equestrian center in Finisterre in Galicia, Spain.

Xurxo Lobato / Getty Images

Source: Getty Images, Bloomberg

In 2012, Ortega was spotted driving an Audi A8 luxury sedan, more focused on comfort rather than luxury, but what he drives today is unknown.

Xurxo Lobato / Getty Images

Source: Elite Choice

He also owns the Global Express BD-700, a private jet designed by Bombardier, a leading manufacturer of luxury private jets. The plane costs 45 M $ (40 M €)

with

Source: Elite Choice

But Ortega rarely goes on vacation. He says he enjoys working too much to take time for himself.

Xaume Olleros/Getty Images

Source: adlatina.com

He was, however, seen resting on his yacht, a 67-meter vessel named Drizzle, in Saint-Tropez, on the French Riviera.

Flickr/ Michael Gwyther-Jones

Source: Daily Mail

Ortega founded the Amancio Ortega Foundation in 2001, a charity focused on education and social assistance. In 2017, the foundation donated $ 344 (€ 305 million) to Spanish public hospitals to be equipped with the latest technologies in breast cancer screening and treatment.

MIGUEL RIOPA/AFP/Getty Images

Source: Amancio Ortega Foundation, Philanthropy News Digest

Ortega owns significant real estate assets, many of them through Pontegadea Inmobiliaria, his company’s real estate investment division. In 2011, he bought the tallest skyscraper in Spain, 157 meters high, the Picasso Tower in Madrid, for $ 536 million (€ 476 million)

DeAgostini/Getty Images

Source: Reuters

And in 2016, he bought another skyscraper in Madrid, the Cepsa Tower, for $ 551m (€ 489m)

Education Images/UIG via Getty Images

Source: Reuters

He owns the Epic Residences and Hotel in Miami, considered one of the best luxury hotels in the United States. Its value is estimated at $ 536 million (€ 476 million).

with

Source: Mirror

In 2015, he spent $ 370m (€ 328m) for an entire block of buildings in Miami Beach.

Getty Images

Source: Miami Herald

Ortega is also said to have bought an office building in London’s upscale Mayfair district, which borders Hyde Park …

Getty Images

Source: Reuters

… as well as a property in London’s main shopping street, Oxford Street …

Getty Images

Source: Reuters

… and the historic EV Haughwout Building in New York’s SoHo neighborhood, which he bought for $ 145m (€ 129m) in 2015.

Google Maps

Source: Reuters,The Real Deal

Ortega bought another establishment in New York in 2016, a hotel this time at 70 Park Avenue in Murray Hill for $ 67.6m (€ 60m)

Google Maps

Source: The Real Deal

Zara has grown into one of the best known and most successful fashion brands in the world.

Omar Marques / SOPA Images / LightRocket via Getty Images

Source: Business Insider

Kate Middleton, the Duchess of Cambridge, is a huge fan of Zara’s designs and is often pictured wearing the brand’s clothes.

Paul Lewis/Getty Images

Source: INSIDER

Ortega would earn $ 400m (€ 355m) per year in dividends, according to Forbes.

fotopress/Getty Images

Source: Forbes

Since Ortega stepped down as chairman of the board of Inditex in 2011, handing over his role to Pablo Isla, it has been said that his daughter, Marta, is likely to take over the reins of the company.

fotopress/Getty Images

Source: Bloomberg

Version originale : Katie Warren/Business Insider