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.
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.
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.
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.
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.
Aug. 7 (Bloomberg) -- Bloomberg Billionaires Editor Matthew G. Miller discusses how Spain's Amancio Ortega made his fortune. Miller speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)