Amancio Ortega Gaona is a business magnate from Spain. Amancio Ortega is the creator and former chairman of the Inditex fashion conglomerate, which is best known for its Zara apparel and accessory stores.
Ortega’s net worth has grown over the years as he has worked in the fashion sector, most notably as the founder and owner of the Zara retail shop.
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What is the Net worth of Amancio Ortega?
Amancio Ortega Gaona is a billionaire Spanish fashion executive and entrepreneur with a fortune of $80 billion.
Quick Facts About Amancio Ortega:
| Name: | Amancio Ortega |
| Salary: | $5.8 Billion |
| Date of Birth: | March 28, 1936 |
| Gender: | Male |
| Height: | 1.73m. (5′ 6″) |
| Profession: | Spanish Businessman |
| Net Worth: | $80 Billion USD |
Amancio Ortega Mansion, House, and Car Collection
He also purchased Spain’s highest tower, the Torre Picasso in Madrid. The structure is 515 feet tall and costs $536 million to construct.
He is the owner of The Epic Residences & Hotel in Miami, which is regarded as one of the country’s greatest luxury hotels.
Ortega is shown driving an Audi A8 luxury automobile, which is supposed to be more about comfort than style.
He also owns The Global Express BD-700, a private jet constructed by Bombardier, one of the world’s leading premium private jet manufacturers.
The plane has a $45 million price tag.
FAQ about Amancio Ortega:
How did Amancio Ortega get famous?
Ortega founded the first Zara ready-to-wear clothing store in A Coruña in 1975.
It became not only an internationally famous chain but also the flagship of the holding company Inditex, which he founded 10 years later.
What does Amancio Ortega do now?
Amancio Ortega’s property interests, through his investment business Pontegadea, were valued at $17.2 billion in July 2020.
Ortega is the executive chairman of Pontegadea, and his real estate holdings include the Haughwout Building in Manhattan and the Southeast Financial Center in Atlanta.
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What is the main philosophy of Amancio Ortega?
Ortega’s business was built on two simple principles: give customers what they want and deliver it faster than anyone else.
The company (and Ortega) have become an unusual iconoclast, more of an optimum supply chain than a regular store, thanks to the dual organizational principles.
Does Amancio Ortega own Inditex?
He owns around 60% of the Madrid-listed Inditex, which has eight brands and 7,500 outlets around the world, including Massimo Dutti and Pull & Bear.
Amancio Ortega receives more than $400 million in dividends on a yearly basis.
