Rank 12
Amancio Ortega
97B
Zara
La Coruna
Spain
- Ortega first began his career manufacturing textiles through a small family company in 1963.
- He owns a 10% stake in Spanish telecoms firm Telxius and 5% of publicly traded natural gas grid operator Enag's.
- Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.
- A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.
- He owns about 60% of Madrid-listed Inditex, which has 8 brands, including Massimo Dutti and Pull & Bear, and 7,500 stores around the world.
- Ortega typically earns more than $400 million in dividends a year. In November 2021, Inditex announced that his daughter Marta Ortega PĂ©rez will become chairperson in April 2022.
- He has invested his dividends primarily into real estate in Madrid, Barcelona, London, Chicago, Miami and New York.