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

  • Billionaires Worth $3.7 Trillion Surge as Gates Wins 2013

    The richest people on the planet got even richer in 2013, adding $524 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 300 wealthiest individuals.

  • 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.

  • 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.

  • 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.

  • 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.

  • Ortega Passes Buffett to Recapture Third-Richest Title

    The world’s 200 wealthiest people added $59 billion to their collective wealth this week as Amancio Ortega, the 77-year-old founder of the Zara clothing chain, recaptured the title of world’s third-richest person from Berkshire Hathaway Inc. chairman Warren Buffett.

  • Spain Free-for-All Pitting Apollo Against Blackstone

    Apollo Global Management LLC, which has raised $3.9 billion to buy distressed European assets, is hunting for hotels and resorts in Spain as tourists from across Europe help pull the country out of a two-year recession.

  • Rosalia Mera, Who Was Spain’s Richest Woman, Dies at 69

    Rosalia Mera, the Spanish billionaire who co-founded the Zara fashion label and helped turn the holding company into one of the world’s largest clothing retailers, has died. She was 69.

  • Zara Billionaire Widens Lead on Rivals: Chart of the Day

    Amancio Ortega, the world’s third- richest man, widened his lead over billionaire fast-fashion rivals Stefan Persson and Tadashi Yanai last week, as strong performance from his Inditex SA gave further rise to a fortune that has risen more than 57 percent since the March 2012 debut of the Bloomberg Billionaires Index.

  • Buffett Takes World’s Third-Richest Title as Ortega Falls

    Warren Buffett is once again the world’s third-richest person.

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