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Amancio Ortega

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Residence  A Coruna, Spain
Occupation  Businessman
Name  Amancio Gaona
Net worth  70.7 billion USD (2015)
Nationality  Spanish
Religion  Roman Catholicism.
Role  Businessman
Board member of  Inditex
Amancio Ortega Gaona wwwsignalngcomwpcontentuploadsamancioortegajpg
Full Name  Amancio Ortega Gaona
Born  28 March 1936 (age 81) (1936-03-28) Busdongo de Arbas, Leon, Spain
Known for  Co-founder of the Inditex group
Organizations founded  Zara, Inditex, Confecciones Goa, Fundacion Amancio Ortega
Spouse  Flora Perez (m. 2001), Rosalia Mera (m. 1966–1986)
Children  Sandra Ortega Mera, Marta Ortega Perez, Marcos Ortega Mera
Similar People  Rosalia Mera, Carlos Slim, Sandra Ortega Mera, Larry Ellison, Warren Buffett

Amancio ortega world s richest man personal fortune leapt to 79 5 billion

Amancio Ortega Gaona ([aˈmanθjo orˈteɣa ɣaˈona]; born 12 March 1936) is a Spanish business tycoon. He is the founder and former chairman of Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops.


Amancio Ortega Amancio Ortega Gaona Alchetron The Free Social Encyclopedia

According to Forbes Magazine, He is currently the richest person in Europe and the second richest in the world with an estimated net worth of $72.8 billion as of February 2017.

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The youngest of four children, Ortega was born in Busdongo de Arbás, León, Spain to Antonio Ortega Rodríguez and Josefa Gaona Hernández from the province of Valladolid and spent his childhood in León.

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He left school and moved to La Coruña at the age of 14, due to the job of his father, a railway worker. Shortly after, he found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña, and learned to make clothes by hand. In 1972, he founded Confecciones Goa (his initials in reverse), selling quilted bathrobes which Ortega produced using thousands of local women organised into sewing cooperatives.

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In 1975, he opened his first Zara store with his wife Rosalía Mera, so called because his preferred name Zorba was already taken.

Today, Zara is part of the Inditex group (Industrias de Diseño Textil Sociedad Anónima), of which Ortega owns 59.29%, and aside from over 6,000 stores includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear, Bershka and has more than 92,000 employees.

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Ortega keeps a very low profile and, until 1999, no photograph of Ortega had ever been published and is known for his preference for a simple lifestyle. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and gray pants, none of which are Zara products. He is also said to take a very active part in the production and design process in the company.

When he made a public appearance in 2000 as part of the warm-up prior to his company's initial public offering on the stock market in 2001, it made headlines in the Spanish financial press. However, he has only ever granted interviews to three journalists and his secrecy has led to the publication of books, such as Amancio Ortega: de cero a Zara (From Zero to Zara).

In 2011, Ortega announced his imminent retirement from Inditex, parent company of the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place at the helm of the textile empire. In 2012 Ortega donated about 20 million euro to Caritas Internationalis, a Roman Catholic relief organisation.


Amancio Ortega Wikipedia

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