Amancio Ortega is an entrepreneur based in Spanish and a retired chairman and a benefactor of a textile company known as Inditex. The fashion house is famous for auctioning Zara embellishments and costumes. Although he owned a clothing shop, Amancio never had a fashion sense as he didn’t care much of what he would put on.
Due to his business, Amancio is recognized to be the richest trader globally and the wealthiest person in Europe. The Spanish tycoon had once outpaced Bill Gates and emerged the world richest man briefly. Antonio like other public figures is also involved in charitable acts, since in 2012 he granted about €20 million to a catholic institution called Caritas. With his venture into business, its’ on the interest of many to know how the wealthiest retailer in the world has banked $78.6 billion as reflected on his net worth fortune and exactly what’s Amancio Ortega earning annually in addition how he managed to get there. Keep reading to know more about Amancio Ortega’s net worth in 2018.
Amancio Ortega Early Life
Amancio Ortega Gaona is the son of Josepha Gaona Hernandez and Antonio Ortega Rodriguez. He was born in 1936 in Busdongo de Arbás where he was brought up by his parents. In his home amongst all the four children of the couple, Amancio is the youngest of them all.
When Amancio was about 14 years old he dropped out of his current school where he was pursuing his education. This was due to his dad’s job therefore they relocated and he had to start working too and concentrated in making clothes at a shirt store.
Amancio wedded his first wife, Rosalia Mera and they have two children together; a daughter, Sandra Ortega and son Marcos Ortega who braves from cerebral palsy. His ex-wife passed away in 2013 and before then she was recognised as the wealthiest lady in Spain. His current wife is Flora Perez Marcote and they have a baby girl named, Marta Ortega.
Amancio Ortega Career, Awards & Achievement
Amancio career in clothing began early after he left school at the age of 14. Due to their low standard of living he opted to find work in Corunna and was taught how to sew clothes with his hands. After his experience he launched his own shop in 1972 that auctioned morning dresses.
After marrying his first wife, the couple collaborated and launched a fashion house called, Zara and continued building the company until it became huge. It has more than 6,000 branches including Zara Home, Pull & Bear, and Kiddie’s Class in over 77 countries.
The company is a portion of the ‘Industrias de Diseño Textil Sociedad Anónima’ (Inditex) an organisation where he possesses a share of almost 60%. Currently he manages his other businesses as he retired from being the head of the company in 2011 and left his seat to Pablo Isla.
Awards & Achievements
As of today, Amancio Ortega has not yet received any accolade but he is recognised for his wealth and is ranked among the top 8 richest people in the world.
Net Worth of Amancio Ortega
Amancio Ortega net worth stands at $78.6 billion. He has been ranked as the richest man in Europe and also the wealthiest retailer in the whole world. His net worth figures has been realised from his entrepreneurship venture. His fashion company, Zara is the biggest booster to his net worth which has more than 6,000 branches in over 77 countries. All these stores added a huge chunk to his net worth. Amancio Ortega on a yearly basis is reported to be gaining around $400 million. His valuable assets include apartments in various states, a horse jumping section, among others.
Amancio Ortega being among the richest personalities globally lives a simple life and keeps his life private. Even at his age he is still in the business industry and in recent years we are expecting his net worth figures to increase.