Amancio Ortega Net Worth in 2017: $64.5 billion
Amancio Ortega biography
Wondering what is Amancio Ortega’s net worth or how much money is Amancio Ortega making? You’re in the right place! Keep reading!
Amancio Ortega has a Net Worth of $64.5 Billion due to his successful career as a fashion Businessman
Amancio Ortega is the fourth richest person in the world after the business magnate Carlos Slim Helu from Mexico and the richest person in Spain.
He is the founder of the multinational clothing company Inditex and the founder of the Spanish accessories and clothing retailer Zara.
Industria de Diseño Textil, S.A, or Inditex, is the biggest fashion group in the world oriented in industry sectors like textile design, production, and distribution.
The fashion group of Amancio Ortega owns brands like Uterqüe, Massimo Dutti, Tempe, Bershka, Stradivarius, Oysho, Pull and Bear and of course Zara.
Inditex has over 6.000 operating stores world wide and most of them are corporate owned. In 2013, the fashion group Inditex had a revenue of €16.72 billion, a profit of €521 million and a total number of employees of 128,313.
Zara was founded by Amancio Ortega and Rosalía Mera in 1975 and currently represents the flagship chain store of Industria de Diseño Textil, S.A.
CNN described Zara as a Spanish success story and Fashion Director Daniel Piette described it as possibly the most innovative and devastating retailer in the world.
The flagship chain store has over 2000 stores across 88 countries. Some of Zara’s flagship stores are located on famous streets like Oxford Street in London, Via del Corso in Rome, Nevsky Prospect in Saint Petersburg, Fifth Avenue in New York, Champs-Élyséesin Paris and many more.
In 2012, the Spanish fashion businessman earned a total income of $22.2 billion and in 2013 he earned a total income of $19.5 billion.
Currently, Amancio Ortega is no longer the chairman of Inditex, but he remains the current largest shareholder. The Spanish fashion businessman also has interests in banks, gas and tourism.
Amancio Ortega Net Worth 2015
In 2015, Amancio Ortega has a net worth of $64.5 billion and he is the fourth richest person in the world and the richest person in Spain.
The Spanish fashion businessman owns residences and estates in Madrid, London, Florida and Lisbon, a private €6 million yacht and a $45 million Global Express BD700 private jet.
Amancio Ortega also owns an impressive car collection, stakes in a soccer league and a horse jumping circuit.
Besides his properties and wealth, the Spanish fashion businessman is also known for his charity work. In 2011, he founded the non-profit private institution Fundacion Amancio Ortega, but he is also the president of Paideia Foundation.
So how much is Amancio Ortega worth? All of his hard work took Amancio Ortega Net Worth 2015 to $64.5 Billion
Amancio Ortega net worth evolution
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* in million/billion of USD
Amancio Ortega Fiancial Breakdown
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