Amancio Ortega

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 Pérez will become chairperson in April 2022.
  • He has invested his dividends primarily into real estate in Madrid, Barcelona, London, Chicago, Miami and New York.