Amancio Ortega Gaona Net Worth
Amancio Ortega net worth: Amancio Ortega Gaona is a Spanish fashion executive and entrepreneur who has a net worth of $64 billion. Amancio Ortega has accumulated his net worth through many years in the fashion industry and is most notable as the founder and owner of retail store Zara. Amancio Ortega Gaona has been characterized by his extreme secrecy and low profile despite the fact that he is one of the richest people in the world. Amancio is the richest person in Spain and the richest person in all of Europe. Ortega has never given a public interview, and in contrast to his work in the world of high fashion is most often seen in a pair of blue jeans and a T-shirt. Make no mistake, though: His low profile does not mean that he is a "do nothing" executive. He is said to have a major hands-on role in his company the Inditex group, which includes such respected fashion brands as Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka. At 75 years old, though, Gaona has shown signs of slowing down. He recently announced his retirement from the day to day operations of Inditex, and that by the vice president and CEO of Inditex, Pablo Isla, will be taking his place at the head of the company.
Net Worth details: Amancio Ortega owns a 59.3 percent stake in the world's largest clothing retailer, Inditex which is the parent company of Zara. He has received more than $4.5 billion worth of dividends since the company's IPO in 2001. Ortega has invested in real estate in the United States and Europe and owns a property portfolio valued at $1.4 billion. In addition, he controls a 21.6 percent stake in real estate giant Grilse. The rest of the company is owned by his wife Flora as well as his daughter Marta. Someone close to Ortega verified his net worth but asked not to be identified.