Amancio Ortega – Net Worth, Salary, Income Sources, Facts

Amancio Ortega Photo

Amancio Ortega Gaona is a Spanish billionaire businessman and the founder and former chairman of the Inditex fashion group, best known for its chain of Zara and Bershka clothing and accessories shops. He is known for his innovative retail strategy, including rapid production and distribution of affordable designs inspired by fashion runways or pop culture icons. He is one of the wealthiest people in the world; as of June 2024, Forbes estimated his net worth is $112.7 billion. He is also the head of the Ortega family and the second wealthiest retailer in the world.

Full NameAmancio Ortega Gaona
Age88 (born: 28 March 1936)
Yearly IncomeApproximately 1.7 billion
Income SourceZara
Net Worth$112.7 billion

Interesting Facts About Amancio Ortega

  • Amancio Ortega left school at the age of 14 to work as a shop assistant, marking the start of his journey in the fashion industry.
  • Ortega founded Inditex in 1985, which owns several well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho, Uterqüe, and Zara Home.
  • Ortega is a self-made billionaire, having built his fortune from the ground up. He started with a small shop and eventually created one of the largest fashion empires in the world.
  • In 2011, Ortega announced his imminent retirement from Inditex, the parent company of the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place as head.
  • Outside of his investments in Inditex, Ortega has a vast real estate portfolio. He has invested heavily in properties around the world, including in cities like Madrid, London, New York, and Chicago.
  • He owns two yachts: “Drizzle” and “Valoria B”, as well as a Gulfstream G650 jet.

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