Amancio Ortega Net Worth

Amancio Ortega net worth

Current Net Worth$83.0 Billion (USD – 8,300 Crores), (Rupees – 6.22 Lakhs Crores)

Amancio Ortega short biography

Net Worth$83.0 Billion
BornMarch 28, 1936 (Age – 85)
Identified asCo-founder of Inditex Group
StatusThe richest man in Spain
NationalitySpanish
ResidenceLa Coruna, Spain
Spousal statusMarried [(Rosalía Mera)
(m. 1966; div. 1986)],​
[(Flora Pérez Marcote) (m. 2001)]
Children2
Amancio Ortega short biography

Amancio Ortega Gaona has a net worth of $83 Billion (Rupees – 6,22,329 Crores), making him one of the richest men in the world after Warren Buffett, Francoise Bettencourt Meyers, and Steve Ballmer.

He founded and served as chairman of the Inditex fashion conglomerate, which is best known for its Zara apparel and accessory stores.

He is a millionaire businessman from Spain.

He was the richest man in the world for a brief period in 2015, surpassing Bill Gates when his net worth reached $80 billion.

Amazing Fact

He is one of the world’s wealthiest clothes retailers.

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Amancio Ortega biography

Amancio Ortega Net Worth
Amancio Ortega (Image Source – Europa Press), (Via Getty Images)
Full NameAmancio Ortega Gaona
Height5.6 feet, 167 cm
Weight75 Kg
Amancio Ortega biography

Amancio Ortega was born on March 28, 1936, in Busdongo de Arbas, León, Spain, to Antonio Ortega Rodrguez and Josefa Gaona Hernández, he spent his boyhood in Tolosa, Gipuzkoa.

At the age of 14, he dropped out of school and relocated to A Corua, where his father worked as a railway worker.

He got a job as a shop hand for a local shirtmaker named Gala, which is still on the same spot in downtown A Corua, and learned to make clothing by hand shortly after.

In Madrid, he bought the Torre Picasso tower. In Miami, Florida, he also bought the Epic Residences and Hotel.

According to recent reports, he has purchased the Troy Block complex known to the public as one of the buildings where Amazon Seattle’s headquarters are located.

He loves to dress casually, refusing to wear a tie and favoring a simple uniform consisting of a blue blazer, white shirt, and grey pants, none of which are Zara items.

Career

Amancio Ortega Net Worth
Amancio Ortega (Image Sorce – Fotopress), (Via Getty Images)

Ortega started Confecciones Goa in 1972 to offer quilted bathrobes.

In 1975, he and his ex-wife Rosalia Mera (d. 2013) cofounded Inditex, which is best known for its Zara clothes business.

His public presentation in 2000, which served as a warm-up for his company’s IPO on the stock market in 2001.

In 2009, Zara was a part of the Inditex Group, of which Ortega owned 59.29%, and had over 6,000 stores with the brands Zara, Kiddy’s Class, Massimo Dutti, Tempe, Oysho, Zara Home, Stradivarius, Pull and Bear, as well as over 92,000 employees.

Ortega announced his impending retirement from Inditex, the parent company of the Zara chain, in 2011, and stated that he would seek Inditex vice-president and CEO Pablo Isla to succeed him as CEO.

Ortega made a €20 million donation to Caritas Internationalis, a Roman Catholic aid organization, in 2012.

Through his investment business Pontegadea, Ortega’s property interests were valued at $17.2 billion in July 2020.

Following the purchase of a property in Washington’s central business district and two Seattle office buildings in 2018, the company finalized a $72.5 million deal for a downtown Chicago hotel in 2019.

He is the executive chairman of Pontegadea, and his real estate holdings include the Haughwout Building in Manhattan and the Southeast Financial Center in Atlanta.

His company’s social media handles:

Private & early life

Ortega is quite discreet about his personal life, giving only three interviews to journalists as of 2012. No photograph of Ortega has ever been released before 1999.

In 1966, he married Rosalia Mera Goyenechea, and the pair had two children, Marcos and Sandra Ortega Mera, before divorcing in 1986.

Mera died at the age of 69 in August 2013. He married Flora Pérez Marcotte, his second wife, in 2001, and they had a daughter, Marta Ortega Pérez, in 1984.

He is usually seen driving a black Mercedes-Benz S-Class (W221) or a black Mercedes-Benz GL-Class (X166).

He also owns two boats, “Valoria B,” and “Drizzle” as well as private jets from Gulfstream and Bombardier.

Despite having a sizable real estate holding, he usually lives with his wife at their apartment in A Corua, Spain, as of 2017.

Philantropy

The Spanish Association of Foundations honored Amancio Ortega in the 2017 Philanthropic Initiative category in its second edition of the AEF awards in July 2017.

He also donated 300 million euros to the fight against cancer in Spain, which was used to acquire 440 cancer detection machines.

Net worth statistics

  • March 2012 – $37.5 B
  • March 2013 – $57.0 B
  • March 2014 – $64.0 B
  • March 2015 – $64.5 B
  • March 2016 – $67.0 B
  • March 2017 – $71.3 B
  • March 2018 – $70.0 B
  • March 2019 – $62.7 B
  • April 2020 – $55.1 B
  • April 2021 – $77.0 B

Amancio Ortega Quote

“The customer has always driven the business model”

– Amancio Ortega

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