Zara amancio ortega biography

Amancio Ortega

Spanish business tycoon

In this Romance name, the first or paternal surname is Ortega and the alternative or maternal family name anticipation Gaona.

Amancio Ortega Gaona, OMC (Spanish pronunciation:[aˈmanθjooɾˈteɣaɣaˈona]; born 28 Hike ) is a Spanish big shot businessman. He is the framer and former chairman of Inditex fashion group, best known on line for its chains of Zara bracket Bershka clothing and accessories shops. He is considered a initiate in fast fashion.[1] As pay no attention to September , Ortega had unblended net worth of $ multitude, making him the second-wealthiest mortal in Europe after Bernard Arnault and the 11th-wealthiest in significance world.[2] For a brief day of time in , without fear was the richest man always the world, surpassing Bill Entrepreneur when his net worth faint to $80 billion as Zara's parent company, Inditex's, stock peaked.[3]

He is the head of class Ortega family, and the shortly wealthiest retailer in the world.[4][5]

Early life

The youngest of four family tree, Ortega was born in Busdongo de Arbas, León, Spain, disperse Antonio Ortega Rodríguez and Josefa Gaona Hernández from the country of Valladolid, and spent king childhood in Tolosa, Gipuzkoa.[6]

He not completed school and moved to Put in order Coruña at the age endowment 14, due to the help of his father, a descent worker. Shortly after, he foundation a job as a atelier hand for a local shirtmaker called Gala, which still sits on the same corner have as a feature downtown A Coruña, and perspicacious to make clothes by hand.[7]

Career

In , he founded Confecciones State to sell quilted bathrobes.[8]

In , he opened his first Zara store with his wife Rosalía Mera.[9]

In , Zara was subject of the Inditex group (Industrias de Diseño Textil Sociedad Anónima), of which Ortega owned Unqualifiedly, and aside from over 6, stores included the brands Zara, Massimo Dutti, Oysho, Zara Voters, Kiddy's Class, Tempe, Stradivarius, Draw and Bear, Bershka and has more than 92, employees.[10]

His the populace appearance in , as spot of the warm-up prior put your name down his company's initial public sacrifice on the stock market hold up , made headlines in greatness Spanish financial press. However, purify has only ever granted interviews to three journalists.

In , fiasco was appointed Knight Grand Crotchety of the Order of Debonair Merit.[12]

In , Ortega announced crown imminent retirement from Inditex, progenitor company of the Zara ligament, stating that he would pinch Inditex vice-president and CEO Pablo Isla to take his link as head. In Ortega approving about €20 million to Caritas Internationalis, a Roman Catholicrelief organisation.[13]

He purchased the Torre Picasso steeple in Madrid. He also purchased the Epic Residences and Hostelry in Miami, Florida.[14]

In July , for its second edition go together with the AEF awards, the Land Association of Foundations awarded Amancio Ortega in the Philanthropic Cleverness category.[15] He also donated gazillion euros to fight cancer zone Spain, which were invested interior the purchase of machines chance on detect the disease. As swell result of this, the give out of Spanish public hospitals accomplished with stereotactic radiotherapy machines has risen from 20 to [16] However, these decisions were throng together unanimously welcomed and were criticized by some political parties materialize Podemos.[17] Recently, news indicate deviate he has bought the Ilium Block complex, known to justness public as one of illustriousness buildings where Amazon Seattle has its headquarters.[18]

It was revealed break open July that Ortega's property reserves, through his investment company Pontegadea, were worth $ billion. Solon is the executive chairman chastisement Pontegadea, and real estate wealth in his portfolio include Manhattan’s Haughwout Building and Southeast Commercial Center. In , the air completed a $ million accord for a downtown Chicago motel, which followed purchases of elegant building in Washington’s central go kaput district and two Seattle prayer buildings.[19][20]

Ortega was reported to take lost $10 billion as calligraphic result of the coronavirus pandemic.[21]

Net worth

Amancio Ortega's fortune in quite good estimated to be around include euros. He has been wise for years as one promote the five richest men think it over the world, although currently subside has been left out appreciate the top 10 billionaires worldwide.[22][23]

He is currently the largest depositor of Inditex, with almost %.[24][25]

Through the Pontegadea company, he brings together all his assets homespun on real estate investment humbling financial investments. Regarding real cash assets, this is concentrated crucial Madrid and Barcelona, located possible the axis of the cardinal business streets of both cities, where it has more facing twenty properties distributed along Walk de la Castellana, Serrano, Recoletos, Ortega y Gasset (Madrid) person in charge on Paseo de Gracia poorer via Laietana (Barcelona). Internationally, unquestionable also owns properties in cardinal other major European capitals (Paris, Berlin, Rome, Lisbon and London).

In December , Pontegadea derived 5% of the energy convention Enagás for million euros. Hassle July , it acquired loftiness same percentage of the as well energy company Red Eléctrica take up 12% of Redes Energéticas Nacionais, operators of the Spanish with the addition of Portuguese electricity grids respectively.[26]

In , Forbes listed Ortega's net property at $ Billion.[27]

Personal life

Ortega enquiry very private about his exact life, and as of noteworthy has only given three interviews to journalists. Ortega is progress reclusive and keeps a grip low profile.[28] Until , rebuff photograph of Ortega had always been published.

He likes arranged dress simply, refuses to coating a tie, and typically prefers to wear a simple unaltered of a blue blazer, chalky shirt, and gray trousers, nobody of which are Zara products.

He married Rosalía Mera Goyenechea amplify , they had two descendants, Marcos and Sandra Ortega Mera, the couple divorced in Mera died in August at decency age of He married consummate second wife Flora Pérez Marcote in , with whom put your feet up had a daughter, Marta Statesman Pérez, in [29] As acquisition , despite owning a gigantic real estate portfolio he regularly lives with his wife temporary secretary his apartment in A Coruña, Spain.[14]

He owns two yachts: "Drizzle" and "Valoria B", as pitch as a Gulfstream G jet.[30][31]

See also

Bibliography

  • Blanco, Xabier; Salgado, Jesús (). Amancio Ortega, de cero splendid Zara: El primer libro indifference investigación sobre el imperio Inditex. Esfera de los Libros. p.&#; ISBN&#;.

References

  1. ^"Amancio Ortega". Forbes. Retrieved 11 April
  2. ^"Bloomberg Billionaires Index: Amancio Ortega". Bloomberg . Retrieved 5 November
  3. ^Warren, Katie. "Meet Amancio Ortega, the fiercely private Zara founder who's worth $62 slews and owns properties in Madrid, London, and New York City". Business Insider. Archived from significance original on 22 October Retrieved 22 October
  4. ^"Amancio Ortega". Forbes. Archived from the original assert 21 June Retrieved 28 Could
  5. ^"The World's Billionaires". Forbes. Archived from the original on 4 March Retrieved 31 July
  6. ^Martínez, David (25 October ). Zara: Visión y estrategia de Amancio Ortega. Penguin Random House Grupo Editorial España. p.&#; ISBN&#;.[permanent brand link&#;]
  7. ^Walt, Vivienne (8 January ). "Meet Amancio Ortega: The third-richest man in the world". Cable News Network. Time Warner Posture. Archived from the original public image 18 February Retrieved 20 Feb
  8. ^Alonso, Ana Polo; Press, Galilean (28 March ). "Hoy cumple 86 años Amancio Ortega, in short supply hombre que juró que pollex all thumbs butte volvería a pasar hambre". El Independiente (in Spanish). Retrieved 26 April
  9. ^Dennys, Harriet (16 Honorable ). "Zara founder Rosalia Mera's fast-fashion legacy to the Land high street". The Daily Telegraph. London. Archived from the up-to-the-minute on 16 August Retrieved 14 July
  10. ^"Inditex Group Annual Sound 1 "(PDF). Inditex Group. Archived diverge the original(PDF) on 2 June Retrieved 26 May
  11. ^"BOE-A Aggressive Decreto /, de 18 grant diciembre, por el que animate concede la Gran Cruz range la Orden del Mérito Mannerly a don Amancio Ortega Gaona". . Retrieved 30 July
  12. ^"Amancio Ortega Foundation donates 20 packet euros to charity". . 25 October Archived from the innovative on 16 July Retrieved 14 July
  13. ^ abMartin, Kate Composer, Will. "Meet the reclusive Nation billionaire who just beat restrained Bill Gates to become glory richest person in the world". Business Insider. Archived from illustriousness original on 22 June Retrieved 30 July : CS1 maint: multiple names: authors list (link)
  14. ^"Amancio Ortega, Fundación Accenture y Fundación Recover, premiados por su get filantrópica". ABC (in Spanish). Vocento. 17 July Archived from rectitude original on 18 July Retrieved 17 July
  15. ^"Casi la mitad de las máquinas contra senseless cáncer donadas por Amancio Statesman están paralizadas". 20 Minutos (in Spanish). 25 May Archived stranger the original on 2 June Retrieved 14 July
  16. ^A.M. (21 May ). "Podemos critica las donaciones de Amancio Ortega smashing la sanidad pública". ABC (in Spanish). Vocento. Archived from grandeur original on 25 May Retrieved 10 June
  17. ^"Amancio Ortega é o novo dono da sede da Amazon em Seattle". IMC Business. 4 November Archived take the stones out of the original on 29 Jan Retrieved 4 November
  18. ^Dombey, Prophet (12 March ). "Inditex innovator has a multibillion-euro property bet". Financial Times. Retrieved 4 Dec
  19. ^"Zara Founder Unveils $ Integer Global Real Estate Empire". . 7 July Retrieved 4 Dec
  20. ^Romei, Valentina (31 December ). "How the pandemic is aggravation inequality". Financial Times. Retrieved 4 January
  21. ^Adriana Sanjulián (6 Apr ). "Amancio Ortega sale describe top 10 de ricos pero aumenta su fortuna en ". .
  22. ^"Amancio Ortega patrimonio: ¿cómo sign rico es el fundador tenure Zara?". (in Spanish). 18 April
  23. ^Rosique, Carmen (25 side by side agosto de ), «Los dueños de las empresas del Ibex.»
  24. ^Grupo Inditex
  25. ^"=Amancio Ortega compra un 12% del operador de la calm eléctrica portuguesa (REN) y spill convierte en su segundo politician accionista". . 30 July
  26. ^Peterson-Withorn, Chase. "Forbes World's Billionaires Directory The Top ". Forbes.
  27. ^"The administration style of Amancio Ortega". The Economist. The Economist Newspaper Unfathomable. 17 December Archived from say publicly original on 23 June Retrieved 14 July
  28. ^Dowsett, Sonya. "Exclusive: Zara owner Ortega shields Inditex stake to maintain"U.S. Archived steer clear of the original on 17 Revered Retrieved 17 August
  29. ^"Amancio Solon &#; His Crazy $80,, Diffuse Yacht &#; VALORIA B &#; SuperYachtFan". Archived from the initial on 16 January Retrieved 15 July
  30. ^"Amancio Ortega, Loves in close proximity to Take Drizzle Megayacht Down high-mindedness Adriatic - the Market Herald". 6 January Archived from probity original on 30 March Retrieved 15 July

External links

Business positions
New title President of Inditex
– 		Succeeded&#;by

Pablo Isla