Amancio Ortega Net Worth 2020, Bio, Height, Weight, Awards, and Instagram.
Amancio Ortega Net Worth – Amancio Ortega Gaona is a Spanish fashion executive and entrepreneur who has a net worth of $64 billion. Amancio Ortega has accumulated his net worth through many years in the fashion industry and is most notable as the founder and owner of retail store Zara.
Biography
Amancio Ortega Gaona was born in Busongo de Arbas, Leon, Spain on the 28th of March, 1936. He is the son to Antonia Ortega Rodriguez and Josefa Gaona Hernandez. He mostly spent his childhood in Leon.
Ortega left school t an early age and moved to A Coruna at the age of 14. 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.
Manacio Ortega founded Confecciones Goa in 1972, to sell quilted bathrobes. A few years later he opened his first Zara store with his wife Rosalia Mera.
In 2009, Zara was a part of the Inditex group of which Ortega owned 59,29%, and aside from over 6,000 stores included the brands Zara, Massimo Dutti, Oysho, Zara Home, Tempe, Pull and Bear, Bershka and Stradivarius.
His public appearances in 2000, as part of the warm-up prior to his company’s initial public offering on the stock market in 2001 made headlines in the Spanish financial press. Ortega was, however, the only one who was ever granted interviews to three journalists.
In 2011, Ortega announced his imminent retirements from Inditex, parents company to the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place.
As of 2016, he owned around 60% of Inditex, which is the holding company for Zara and related chains.
Height and Weight
N/A
Awards
- Founded Confecciones Goa (1972)
- Zara became a part of the Inditex group (2009)
- Ortega owned 60% of Inditex (2016
Net Worth 2020
In 2020, Amancio Ortega’s net worth is estimated to be roughly 60.3 billion dollars.
Connect with him on Instagram