When you hear the word “billionaire,” what is the first picture that you draw up in your mind? A gentleman with a tie around his neck and a blazer over his body with all his moves and statements finding their way into the top headlines of newspapers, and his photo featured on the cover page of most of the magazines?
Well, in the case of Amancio Ortega, you are wrong! In this world of well-known and filthy rich business icons, there are a few names like Amancio Ortega, who like to keep it simple. This tycoon prefers peace and privacy over stardom and glamour. Amancio Ortega, world’s sixth wealthiest man, is a Spanish entrepreneur and textile retailer. He is the ex-chairperson and founder of the ‘Inditex’ fashion group.
How could someone manage to be at the peak of success without even a single rumor ever? Curious to know how he made it happen? Let’s have a close look on the journey and net worth of Amancio Ortega in 2019.
Early Life & Biography
Amancio is the youngest child of his parents Josefa Gaona Hernández and Antonio Ortega Rodríguez. He was born on 28th of March 1936 in León, Spain. Amancio’s father was an ordinary railway employee.
In his teens, Amancio left school and went to A Coruña, due to the transfer of his father. He started working for a local shirt maker famous as Gala. It was here that Amancio learned to make clothes with hands.
Amancio Ortega is a very private person, who mostly avoids giving interviews. His first marriage to Rosalia Mera lasted for twenty years. They got divorced in 1986. Currently, he is staying with his second wife Flora, in La Coruna, Spain.
Career, Awards, & Nominations
Amancio inaugurated his first ‘Zara’ store with the support of his then-wife Rosalia Mera in 1975. It was a great triumph for ‘Zara’ when it became a part of the ‘Inditex’ group in 2001. In this partnership, Amancio owned 59.2% of the stakes. Apart from this, he has over 6,000 stores including many brands like ‘Tempe,’ ‘Stradivarius,’ ‘Oysho,’ ‘Zara Home,’ ‘Kiddy’s Class’ etc. Over 92,000 employees help him run all his ventures.
Amancio announced his retirement from the ‘Inditex’ group in 2011. He was lionized with the AEF award in July 2017.
Net Worth & Earnings
Amancio Ortega’s net worth is about $63 billion. Obviously, his primary sources of income are his various fashion ventures and the retail store ‘Zara.’ He has earned more than $4.5 billion since the company’s IPO in 2001. Although, don’t be confused if you see a person in blue jeans and a T-shirt calling himself the owner of ‘Zara.’ That’s just how Amancio Ortega likes to live. Besides all these achievements in the fashion industry, he has also invested in real estate in Europe and the United States. He owns property worth $1.4 billion.
The list of his remunerations doesn’t end here, he is also a stakeholder of 21.6% in the real estate giant ‘Grilse.’ He has also bought the Torre Picasso skyscraper and the Epic Residences and Hotels in Florida.
Amancio Ortega has broken all stereotypes of being a business tycoon. His low profile status is an inspiration for today’s youngsters. He is far away from worldly show-off, lives a genuine life with his wife and children like an ordinary man, and this is what makes him different from others. He is an extraordinary golden achiever, who remained consistent towards his work since the very beginning. Although he is dedicated towards his own work and life, he never misses a chance to help someone in need. He donated €20 million to a Roman Catholic relief organization recently.