Who Is Amancio Ortega?
Amancio Ortega is a Spanish businessman who founded and was the former co-chairman of the Inditex fashion group and has a net worth of $70.6 billion. His company is popular for Zara, one of its chains of clothing lines and accessories. He is one of the wealthiest people in the world and was on the #1 spot briefly in 2015.
Celebrity Name: Amancio Ortega
Full Name: Amancio Ortega Gaona
Birth Date: March 28, 1936
Birth Place: Busdongo, Spain
Weight: 78 kilos
Sexual Orientation: Straight
Wife: Rosalia Mera, married 1966 to 1986, Flora Perez, married since 2001
Children: Marcos Ortega Mera, Sandra Ortega Mera, Marta Ortega
Profession: Spanish businessman
Net Worth: $70.6 billion
Amancio Ortega Gaona was born on March 28, 1936, in Busdongo de Arbas, Leon, Spain. His parents were Antonio Ortega Rodriguez and Josefa Gaona Hernandez. He spent most of his childhood in Leon but when he turned 14, he moved to A Coruna after leaving school. Shortly after moving, Amancio was able to work as a shop hand for Gala, a local maker of shirts. Through this job, he was able to learn how to make clothes manually.
There is not much known about the personal life of Amancio as he is an extremely private person. By 2012, he has only allowed three interviews. He continues to live in A Coruna, Spain with his wife, Flora Perez.
Amancio is really good at keeping a low profile and prefers to live a simple life. It was only in 1999 that pictures of him were published. He does not want to wear a suit and tie and prefers to wear a white shirt, gray trousers, and a pair of blue blazers that are not from Zara.
Amancio Ortega founded the Confecciones Goa, a company that sells quilted bathrobes, in 1972. Three years after, he opened the first Zara shop with his first wife, Rosalia Mera. In 2009, Zara became a chain of the Inditex Group, which Amancio owns 59.29% of it. This large enterprise has more than 6,000 stores and includes famous brands, such as Bershka, Pull and Bear, Stradivarius, Tempe, Kiddy’s Class, Zara, Oysho, Massimo Dutti, and Zara Home. Inditex Group houses over 92,000 employees.
In 2011, Amancio announced that he is retiring from Inditex Group and stated that the then Inditex VP, Pablo Isla, will take his place. The next year, he donated €20 million to a Catholic relief organization named Caritas Internationalis.
Apart from owning a huge clothing line, Amancio is also the owner of Epic Residences and Hotel in Florida as well as the Torre Picasso in Madrid.
By 2016, he owns 60% of Inditex Group. He donated €300 million across Spain as his support in fighting cancer. The money he donated was used to buy 440 pieces of equipment that can detect the illness.
It was also believed that Amancio purchased the Troy Block Complex, known to be one of the headquarters of Amazon Seattle.
Awards and Achievements
In July 2017, Amancio was given the award of the 2017 Initiative Category by the Spanish Association of Foundations.
Amancio Ortega Total Net Worth
To date, Amancio Ortega is known to have a total net worth of $70.6 billion. He is the 2nd richest person in Spain and 6th in the world. Most of his wealth comes from Inditex Group, the parent company of famous clothing brands, such as Zara, Pull and Bear, Bershka, and more. He also has a lot of properties, including the Torre Picasso and Epic Residences and Hotels. It is believed that he earns more than $400 million each year from his businesses and assets.