Amancio Ortega Net Worth

Amancio Ortega Net Worth

Net Worth: $64 Billion
Source of wealth:

Retail (Zara)

Full Name Amancio Ortega Gaona
Birth Place Busdongo de Arbás, León, Spain
Date of Birth Mar 28, 1936 (age 83)
Nationality Spainish
Ethnicity Spanish
Occupation Businessman
Marital Status Remarried (Flora Pérez Marcote)
Children 3 (Sandra, Marcos, Marta)
Hobbies Horse riding
Last Updated
Oct 18, 2018

About Amancio Ortega Gaona

Born in Busdongo de Arbás, León, Spain on March 28, 1936. Spanish fashion executive, founder and chairman of the Inditex fashion group, Amancio Ortega has an estimated net worth of $70.1 billion, according to Forbes. He is the fourth richest person in the world and richest man in Europe as of 2015. His net worth as of October 2018 is estimated at $64 billion, making him the fifth richest person in the world.

At the age of 14, Ortega relocated to A Coruña due to his father’s railway job, and later found a job as a shop hand for Gala, a local shirtmaker. In 1972, he founded Confecciones Goa (his initials in reverse), selling quilted bathrobes which Ortega produced using thousands of local women organized into sewing cooperatives. Three years later, he opened his first Zara store and went on to open many big Zara Stores during the eighties throughout Galicia. Ortega kept a very low profile and, until 1999, no photograph of Ortega had ever been published. He made his public appearance in 2000 as part of the warm-up prior to his company’s initial public offering on the stock market in 2001 and has only granted interviews to three journalists ever. His secrecy has led to the publication of books, such as Amancio Ortega: de cero a Zara (From Zero to Zara). In 2011, he announced his imminent retirement from Inditex, parent company of the Zara chain. Ortega married his first wife late businesswoman Rosalía Mera with whom he had two children (Sandra Ortega Mera, Marcos Ortega Mera), they divorced in 1986. He currently lives with his second wife Flora Pérez Marcote and has three children.