- Amancio Ortega, the founder of clothing retailer Zara, is the sixth-richest person in the world, according to Forbes.
- The 82-year-old Spaniard is worth an estimated $62.7 billion.
- Ortega owns 59% of Inditex, the world’s largest clothing retailer that owns Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, and other brands.
- He has bought properties in Madrid, London, Miami Beach, and New York City.
He may be the sixth-richest person in the world, but few people know his name. Amancio Ortega is the Spanish billionaire behind Inditex, the world’s largest clothing retailer that owns Zara, Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, and other brands.
Ortega is worth an estimated $62.7 billion, according to Forbes.
The mysterious Zara founder was briefly the world’s richest man back in 2015, Forbes reported. He bypassed the then-richest person, Bill Gates, when his net worth peaked to $80 billion as Zara’s parent company Inditex’s stock peaked.
But when the stock went back down, Ortega went back to being the world’s second-richest man, a title he gained in June 2015.
Despite Ortega’s impressive net worth, many people have never heard of him. The 82-year-old Spaniard fiercely guards his privacy and gives few interviews to the press.
Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA — which owns eight brands including Zara, Massimo Dutti, and Pull&Bear — has more than 7,500 stores around the world.
Ortega is surpassed in wealth by only five people: Jeff Bezos, Bill Gates, Warren Buffett, Bernard Arnault, and Carlos Slim Helu. But Bloomberg’s data notes that since last year, Gates’ net worth has decreased by $1.1 billion, while Ortega’s has increased by an impressive $10.4 billion.
Ashley Lutz and Mallory Schlossberg contributed to an earlier version of this story.
Amancio Ortega is the sixth-richest person in the world, with an estimated net worth of $67.9 billion.
Getty Images / Xurxo Lobato
Ortega owns 59% of Inditex, the world’s largest clothing retailer that owns brands including Zara …
… Pull&Bear, a teen-focused retailer with 970 stores in 76 markets around Europe, the Middle East, Africa, Asia, and South America …
Manu Reino/SOPA Images/LightRocket via Getty Images
Source: Business Insider
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