NET WORTH

Amancio Ortega Gaona Net Worth: $70.7 Billion

By  | 

 

Biography

Gaona is the epitome of the phrase “self-made millionaire.” He was born in Spain in 1936 and very little is known about him because he guards his private life very well. Amancio Ortega Gaona has an estimated net worth of $70.7 billion. He is the founder of one of the leading apparel stores in the world, with over 6,200 stores worldwide: Zara. He started out as the youngest son of a railway worker and worked for a shirt maker in his mid-teen years until he was able to master the art of creating clothes.

 

How did Amancio Ortega Gaona make his money?

After initially having cooperatives make the clothes he sold, Ortega eventually opened his first apparel retail store in Spain together with his first wife Rosalía Mera Goyenechea. From there, he opened several other retail stores across the country. In 2000, Ortega finally opened Zara’s doors to the world as he branched out to other countries through the Inditex fashion group, which he also founded. Through limited advertising and personally overseeing majority of the supply chain, he was able to power through the Spanish recession and gain billions. In the past years, he has used the Inditex dividends and reinvested the money into real estate in prime cities such as London, Madrid, Barcelona, New York, and Miami. Now he has retired from the group he has founded and sits comfortably on the list of richest self-made men in the world. He still has investments in tourism, gas companies, and banks, which solidify his status as one of the wealthiest men in the world.


You must be logged in to post a comment Login

Thanks for sharing! Did you like this article?