Amancio Ortega Gaona is a Spanish businessman. He is the founder of Inditex style group, great known for its chain of Zara clothing and accessories shops.
As of December 2019, Amancio Ortega had a net worth of $68.3 billion, making him the second one-wealthiest man in Europe after Bernard Arnault and the sixth-wealthiest withinside the world. For a short time in 2015, he was the richest man withinside the world, bypassing Bill Gates while his net worth peaked to $80 billion as Zara's parent business company, Inditex's, stock peaked.
He is the top of the Ortega family and the second wealthiest retailer withinside the world.
He left school and shifted to a Coruna at the age of 14 because of his father's job, a railway worker. Shortly after, he determined a job as a store hand for a local shirtmaker referred to as Gala, which still sits on the same corner in downtown a Coruna, and discovered to make clothes through the hand.
In 2011, Ortega introduced his imminent retirement from Inditex, the parent business company of the Zara chain, declaring that he might ask Inditex vice-president and CEO Pablo Isla to take his area as the head. In 2012 Ortega donated approximately €20 million to Caritas Internationalis, a Roman Catholic relief organisation.
He bought the Torre Picasso skyscraper in Madrid . He additionally purchased the Epic Residences and Hotel in Miami, Florida.
As of 2016, he owned around 60% of Inditex, that's the protecting business company for Zara and related chains.
Ortega is very private about his life; as of 2012, he has only given 3 interviews to journalists. He married Rosalia Mera in 1966, the couple divorced in 1986. He married his 2nd wife, Flora, in 2001. He has 3 children.
As of 2017, despite proudly owning a big real estate portfolio, he mainly lives with his wife in his apartment in a Coruna, Spain.
Ortega being very reclusive, continues a very low profile.
He is mainly spotted being driven around in a black Mercedes-Benz S-Class (W221) and a black Mercedes-Benz GL-Class (X166).
He owns yachts "Drizzle" and "Valoria B" as properly as Gulfstream G650 and Bombardier Global Express personal jets.
Until 1999, no picture of Ortega had ever been published. He loves to dress simply, refuses to wear a tie, and generally prefers to wear a simple uniform of a white shirt, blue blazer and grey trousers, none of which might be Zara products.
