Who is Amancio Ortega and what is net worth of him? Amancio Ortega is one of the richest men of the Europe. Amancio Ortega’s birth name is Amancio Ortega Gaona. In 1975, he founded Zara Inditex with his ex-wife. He is famous for his Zara clothing brand. He is the founder and chairman of the Inditex fashion group. He is the world’s second richest person according to Forbes Magazine. He is one of the wealthiest sellers in the world. He is a self made man. Now he has around 6,200 stores in 70 different countries.
Amancio Ortega was born on 28th March 1936. He was born in Busdongo de Arbás, León, Spain. He has the nationality of Spanish. His parents were Antonio Ortega Rodríguez and Josefa Gaona Hernández. He grew up in Leon. He has also 3 of his older siblings. His father was in a railway job. When he was 14 years old, he left school because of the transfer of his father. He moved to A Coruna. He lived in the railway headquarters house. His mother worked as a maid.
He started a job in shirt maker shop, Gala. There he learned the process of making clothes by hands. In his free time, he loved to ride his bicycle in the town. During such riding, he had a brilliant business idea to earn good money. He figures out the desires of the client. In 1972, he started producing quilted bathrobes with the thousands of local women. He founded Confessions Goa and started selling these quilted bathrobes. After three years in 1975, he opened a cloth selling store with his wife first time. He wanted to give it a name Zorba, but as it is already in use, so he changed it to Zara. He found success in his store. So, he opened it across the Spain also.
Today, his company Zara is the part of Inditex group. The Inditex group has some other brands other than Zara. Ortega is the owner of 59.29%. He has a total of 6,200 stores which includes different brands like: Zara, Massimo Dutti, Oysho, Zara Home, Kiddy Class, Tempe, Stradivarius, Pull and Bear, Bershka and more. He has also more than 92,000 employees.
Amancio Ortega wanted to protect his personal life from the world. He also spends millions to protect the privacy of his personal life safe. But he was unsuccessful in keeping his personal life safe. He married twice in his life.
The first time he married with Rosalía Mera. He co-founded Zara with his first wife, Rosalía Mera. They together have two children, Sandra Ortega Mera and Marcos Ortega Mera. In 1986, the couple divorced.
From 1983, Amancio Ortega has an affair with Flora Pérez Marcote. Flora Pérez Marcote is 18 years younger than him. She was a worker in his company. In 2001, he married with Flora Pérez Marcote. Now, she holds a very good position in his company. The couple has 1 child, Marta Ortega Pérez. Marta Ortega is very close to Amancio and both love horse riding.
Amancio Ortega Net Worth
He is one of the richest men of the Europe and also considered as the second richest person of the world. His estimated net worth is around $78 billion. He earned such a wealth from his career and hard work.
He is the chairman of Inditex group.The Inditex group has many brands including Zara, Massimo Dutti, Oysho, Zara Home, Kiddy Class, Tempe, Stradivarius, Pull and Bear, Bershka. He has around 6,200 stores and more than 70 countries. This is the main reason behind his awesome wealth.
He is a good businessman also. He earned such a huge wealth, not only from his clothing line, but also from his other sources. He has gas, banks, tourism and real estate holdings in worldwide. He earns a good wealth from these sources.
In Inditex, he owns a holding of 59.3%, which is around $119.54 billion. He was also the owner of the real estate holdings in London, Paris, Madrid and in Lisbon as well as Miami luxury places.
He also invests in charity. In 1986, he founded The Paideia Foundation with his wife Rosalía Mera. The main aim of the charity is to help mental and physical disabilities peoples and provide them education with training.
In 2001, he introduces one other project Fundacion Amancio Ortega to promote science, research, education, social action, culture, and welfare. He is the president of this foundation and his daughter is the vice-president.
In 2014, Ortega purchased $60-million stake in the Barcelona’s prime real estate. He invested $1 billion within four months by continuing purchasing real estate in London.
He is now maintaining hi both businesses the fashion and the real estate investment. Ortega’s real estate kingdom’s actual value is around $6 billion. He purchased real estate in various locations including Chicago, Miami, San Francisco, Washington, Berlin and Paris. He earned more than $400 millions in a year from his real estates.
Amancio Ortega’s huge wealth helped him to live a luxurious life.
House collection: He owns a luxury apartment in Miami and also has many real estate holdings in Chicago, Miami, San Francisco, Washington, Berlin and in Paris. He lives with his second wife and daughter in Zalaeta, Orzan Beach.
Valoria yacht: Amancio Ortega bought a yacht from his huge wealth. The cost of his yacht is around six million Euros. He kept the name of the yacht as Valoria, in the honor of his mother’s home town.
Global Express BD700 Jet: He has a jet named as Global Express BD700. The jet flies with a maximum speed of 950km/h. The jet has seating for 18 passengers and also has 2 flight attendants.
Torre Picasso skyscraper: He is the owner of the tallest skyscraper of the Spain. It is located in Madrid cost with an estimated cost of around $536 Million.
Horse riding: He loves horse riding from his early age. He owns an equestrian center in Finisterre, Galicia, Spain.
Car collection: he has Audi A8 and Range Rover cars. His car is full in luxury, performance, dynamics and efficiency
Achievements: In Inditex group, he is the largest shareholder.
Awards: he received many awards for his foundation, The Paideia Foundation. It is a non-profit organization. In 1986, he founded this with his wife Rosalía Mera with the aim to help mental and physical disabilities peoples and provide them education with training.
Amancio Ortega is a very simple man and always keeps his profile low. Even his photograph was not published anywhere until 1999. He always wears a simple uniform. He refuses to wear a tie. Mostly he wears a blue blazer with a white shirt and a gray trouser. He rarely gives any interview in his life. He didn’t even take any holiday. In 2000, he gave his first look to the world, when he is going to advertise his company publicly. He loves to eat meals with his company workers. Every single day, he visits the same coffee shop.
Amancio Ortega is a very hard working. He achieved such a huge wealth from his hard work and self-confidence. Despite of his huge wealth, he is a very humble man and lives a simple life. His story is a truly very inspirational for entrepreneurs.