Amancio Ortega Net Worth
Amancio Ortega Net Worth: Amancio Ortega is a Spanish entrepreneur, retired chairman, and contributor to a textile company called Inditex. This fashion house is known for auctioning Zara decorations and clothing. Although he owns a clothing store, Amancio has never had a fashion sense because he doesn’t care what he wears. According to Forbes, Amancio Ortega Net Worth 2019 is $60.7 Billion. He is rated as the richest man in Europe and the richest retailer in the world. His startup has achieved his net worth.
Ortega resigned as chairman of the $15.8 Billion (sales) fashion company Inditex, but still retains 87% of his property from his shares in listed companies. The company operates under a number of brands including Zara, Massimo Dutti and Stradivarius, with 5,000 stores in 77 countries.
His company, Inditex, is headquartered in Arteixo, Galicia, Spain, and produces more than 1 Billion garments a year. More than 270 Million items were shipped to the Zara store, with approximately 5 Million items per week.
His company, Zara, launches more than 12,000 new designs each year and invests a percentage of its revenue, opening a new store of about $9 Million a year. Zara’s brand value is $11.5 Million and sales are $17.2 Billion.
With more than 2,200 stores in 93 countries, his company is the flagship brand of the Inditex Group, which is known for developing new products and arriving in stores within two weeks.
He made a lot of money from Zara’s business. Although the proceeds he received from the brand were not disclosed, it is certain that his income from these sources increased his total net worth.
As of today, Amancio Ortega has not yet received any honor, but his wealth has been recognized and ranked among the top eight richest people in the world.
Amancio Ortega is one of the richest people in the world, living a simple life and keeping his life. Even at his age, he is still in the business world, and in recent years we expect his net worth to increase.
Amancio Ortega Net Worth 2019 is $60.7 Billion
- First Name: Amancio
- Middle Name: Ortega
- Last Name: Gaona
- Birthday: 28th March, 1936
- Birthplace: Busdongo de Arbas, León, Spain
- Build: Large
- Eye Color: Brown – Dark
- Hair Color: Salt and Pepper
- Zodiac Sign: Aries
- Sexuality: Straight
- Ethnicity: White
- Nationality: Spanish
- Occupation: Spanish businessman and entrepreneur
- Website: Wikipedia