ShirleyNet worth of Amancio Ortega is heavily tied to his ownership of his clothing brand ZARA. As of 2021. the estimated net worth of Amancio Ortega is
61.8 billion USD
Who is Amancio Ortega
Amancio Ortega Gaona is a Spanish billionaire businessman. He was born on 28 March 1936. He is the founder and former chairman of the Inditex Fashion Group, known for its Zara clothing and accessories store chain. For a brief period in 2015, he was the richest man in the world, beating out Bill Gates when his net worth peaked at $80 billion when the stock price of Zara’s parent company. He is the head of the Ortega family and the second richest retailer in the world.
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Early Life of Amancio Ortega
Amancio Ortega was born on March 28, 1936, in Leon, Spain. He grew up in Leon until his father moved the family to A Coruna for career opportunities. Amancio Ortega was 14 years old when he dropped out of school and moved to A Coruna. He soon got a job at a local shop that made shirts. During his job, he learned to make a variety of clothes by hand.
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Net Worth of Amancio Ortega
The net worth of Amancio Ortega is mostly gained from his ownership of the Inditex group. As of 2021, the estimated net worth of Amancio Ortega is 73.2 billion USD. He currently is the 3rd richest person in Europe.
Business Career
Amancio Ortega founded the Inditex Group in 1963. Inditex owns Zara and other men’s and women’s retail apparel. He opened his first Zara store in A Coruña in 1975. He is also known as a pioneer in fast fashion. Amancio Ortega holds 59.29% shares of Inditex and has more than 6000 stores worldwide.
Companies Owned by Inditex
Inditex is one of the most famous fashion brands in the world. It owns 8 brands with more than 6000 stores in 216 markets.
Zara
Pull&Bear
Massimo Dutti
Bershka
Stradivarius
Oysho
Uterqüe
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