Amancio Ortega


armancio_ortega

Europe's richest man owns 59 percent of Inditex, the world's largest clothing retailer and owner of the Zara chain. Through his closely held investment companies, Ortega also owns office and retail property in major cities throughout Europe and the U.S. Since 2001, he has earned 2.5 billion euros in dividends. He stepped down as Inditex chairman in 2011.

Amancio Ortega News

  • World’s Richest Gain $16 Billion as U.S. Stocks Hit Highs

    The world’s 300 wealthiest people added $15.6 billion to their collective net worth this week as the Standard & Poor’s 500 Index and Dow Jones Industrial Average closed at record highs amid optimism that the economic recovery will accelerate.

  • Inditex Profit Tops Estimates as Retailer Expands Online

    Inditex SA, the world’s largest clothing retailer, reported first-quarter profit that topped analysts’ estimates as the Zara owner kept a rein on expansion costs by relying more heavily on e-commerce for growth.

  • Ortega Tops Buffett With Zara Fortune of $53.6 Billion

    Inside Inditex SA’s concrete-and- glass headquarters in the Spanish town of Arteixo, a lithe woman slips into a dress that a seamstress working amid buzzing sewing machines stitched together just minutes earlier. A half circle of designers -- looking like models themselves -- nod approval.

  • Billionaire Ortega’s Occidental Hotels Said to Get Offers

    Occidental Hotels & Resorts, the hotelier owned by billionaire Amancio Ortega and Spain’s second- largest bank, has attracted interest from companies including AMResorts and Playa Hotels & Resorts, two people with knowledge of the matter said.

  • Ortega Said to Pay $670 Million for Building in London

    Amancio Ortega, the billionaire owner of clothing retailer Inditex SA, bought an office building in London’s West End for 410 million pounds ($670 million), a person with knowledge of the matter said.

  • The World’s 200 Richest People

    Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.

  • Spain’s Richest Woman Emerges With $5 Billion Zara Stake

    The daughter of Inditex SA co-founder Amancio Ortega became Spain’s richest woman after inheriting her mother’s stake in the world's largest clothing retailer.

  • World’s Richest Gain $26 Billion as Sanctions Hit Russia

    The 300 wealthiest people on Earth added $25.6 billion to their collective net worth this week as the U.S. government imposed economic sanctions on several Russian billionaires.

  • Ortega Outbids Pros to Build $10 Billion Property Empire

    Amancio Ortega Gaona, already the world’s fourth-richest person based on the success of his Zara fashion retail stores, has quietly amassed a real estate empire worth as much as $10 billion and is emerging as a formidable competitor for prime properties from London to Beverly Hills.

  • FCC May Sell Picasso Tower to Investor Ortega, Expansion Says

    Fomento de Construcciones y Contratas SA, a Spanish building company, may sell its Picasso Tower in Madrid to Amancio Ortega, Inditex SA’s biggest shareholder, Expansion reported, without citing anyone.

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