Amancio Ortega Biography– Amancio Ortega Gaona, a Spanish millionaire businessman, was born on March 28, 1936. He founded and served as chairman of the Inditex fashion conglomerate, which is best known for its Zara and Bershka apparel and accessory stores.
Ortega had a net worth of $66.4 billion in March 2022, making him Europe’s third wealthiest person behind Bernard Arnault and Francoise Bettencourt Meyers, and the world’s 27th wealthiest person. He was the richest man in the world for a brief period in 2015, surpassing Bill Gates when his net worth reached at $80 billion when Zara’s parent company, Inditex, stock climbed.
He is the Ortega family’s patriarch and the world’s second wealthiest retailer.
Ortega was born in Busdongo de Arbas, León, Spain, to Antonio Ortega Rodrguez and Josefa Gaona Hernández, both from the Valladolid province, and spent his boyhood in Tolosa, Gipuzkoa.
At the age of 14, he dropped out of school and relocated to A Corua, where his father worked as a railway worker. He got a job as a shop hand for a local shirtmaker named Gala, which is still on the same spot in downtown A Corua, and learned to make clothing by hand shortly after.
Who is Amancio Ortega?
Amancio Ortega is a Spanish business magnate with a net worth of $66.4 billion dollars.
He was born in Busdongo de Arbás, León, Spain, to Antonio Ortega Ramirez and Josefa Gaona Hernandez as the youngest of four children.
He dropped out of school at the age of 14 and went to A Corua because of his father’s employment as a railway worker.
He quickly got work as a shop hand for Gala, a local shirtmaker, which still operates on the same location in A Corua. He learned to create clothing by hand there.
A few years later, he founded Confecciones Goa, a company that offered quilted bathrobes made by thousands of local women in sewing cooperatives.
Amancio Ortega Net Worth: How much does Amancio Ortega have?
Amancio Ortega Gaona’s net worth is estimated to be $66.4 billion in 2022.
Amancio Ortega Gaona is a millionaire businessman from Spain. Ortega is the founder and former chairman of Inditex, the fashion conglomerate best known for its Zara apparel and accessory stores.
After Bernard Arnault, he is Europe’s second wealthiest person.
Amancio Ortega Career
In 1975, Ortega opened the first Zara ready-to-wear apparel store in A Corua, and it quickly became not just a globally recognized brand but also the flagship of the holding company Inditex, which he formed ten years later.
In addition to Zara, he was the primary owner of the holding firm in 2008, which includes the labels Stradivarius, Pull and Bear, Uterqüe, Massimo Dutti, and Oysho. All Inditex businesses operated under the fast-fashion concept: trend spotters picked up design ideas at fashion shows, in-house designers copied the best concepts, and Inditex’s highly efficient manufacturing operations, the majority of which were based in Spain, produced and delivered new fashions to stores just a few weeks after they were spotted on fashion runways.
He owns 59.29% of the Inditex group, which has approximately 6,000 locations. Zara, Massimo Dutti, Oysho, Zara Home, Kiddy’s Class, Tempe, Stradivarius, Pull & Bear, and Bershka are all part of the group. The company employs more than 92,000 people worldwide. Ortega is well-known for keeping a low profile when it comes to his personal life.
He also favors a basic way of life. There was no public photograph of him available until 1999. He is not a man of business, refusing to wear a tie and instead opting for a simple uniform consisting of a blue blazer, white shirt, and gray pants. Ortega announced his resignation from Inditex, the parent company of the Zara business, in 2011.
Amancio Ortega Age: How old is Amancio Ortega?
Ortega, Amancio Gaona, a Spanish millionaire businessman, is 86 years old and was born on March 28, 1936. He founded and served as chairman of the Inditex fashion conglomerate, which is best known for its Zara and Bershka apparel and accessory stores.
Ortega had a net worth of $66.4 billion in March 2022, making him Europe’s third wealthiest person.
Amancio Ortega Wife: Facts about Amancio Ortega’s wife, Flora Pérez Marcote
Amancio Ortega is married to Flora Pérez Marcote, who doubles as his business partner.
On a personal level, the American businessman avoids the media. This is why, despite being the founder of one of the world’s most prestigious fashion labels, most people have never heard of him!
Ortega has three children with his second wife Flora Pérez Marcote, the youngest of them is Sandra Ortega Mera.