![]() "Fast fashion" is Ortega's formidable approach to refreshing the stock in Zara stores twice a week. His business empire has dealt with controversy. He later married Flora Perez, with whom he had one child.Īmancio and Marta Ortega Pascal Le Segretain 8. At the time of Mera's death in 2013, she was the richest woman in Spain and the world's richest self-made woman. In 1975, he opened his first store with his wife, Rosalie Mera, whom he had two children with and later divorced in 1986. His former life partner was also his business partner. After shuffling the letters, Ortega subsequently arrived at the name Zara (to be pronounced "Thara" in Spanish). Ortega initially proposed the name of Zorba, his favorite character in the movie Zorba the Greek, but it did not receive permission for usage. His retail titan was almost named something else.Īt nearly 40 years old, Ortega founded Zara in La Coruna, Spain. He began working for a shirtmaker and learned to make clothes by hand-a harbinger, one might say. The son of railway worker and a housemaid, the ambitious, young Ortega left home at 14 years old to earn more money for his family. Among his valuable assets are apartments in various states and a horse jumping section.Born in Leon during the Spanish Civil War, Ortega had a true Cinderella story. Amancio Ortega is said to make around $400 million per year. All of these stores increased his net worth significantly. Zara, his fashion company with over 6,000 branches in 77 countries, is the biggest contributor to his net worth. His entrepreneurship venture has increased his net worth. He has been named Europe’s wealthiest man as well as the world’s wealthiest retailer. Amancio Ortega’s Net Worth In 2023Īmancio Ortega’s net worth is $70 billion as of April 2023. Amancio Ortega’s Achievements and AwardsĪmancio Ortega has not yet received an award, but he is recognized for his wealth and is ranked among the world’s top eight richest people. He currently manages his other businesses after retiring as CEO of the company in 2011 and handing over his seat to Pablo Isla. The company is a subsidiary of the ‘Industrias de Diseo Textil Sociedad Anónima’ (Inditex), in which he owns nearly 60% of the stock. It operates over 6,000 stores in 77 countries, including Zara Home, Pull & Bear, and Kiddie’s Class. Following his experience, he opened his morning dress auction shop in 1972.Īfter marrying his first wife, the couple collaborated and launched a fashion house called Zara, which they continued to build until it became massive. Due to their low standard of living, he chose to seek employment in Corunna and was taught how to sew clothes by hand. His height is 1.73 m, and he weighs 78 kg.Īmancio Ortega career in clothing began when he dropped out of school at the age of 14. Amancio Ortega Age, Height, WeightĪmancio Ortega was born on March 28, 1936, and is 86 years old as of 2022. Because of his father’s job, they had to relocate, and he had to start working as well, concentrating on making clothes at a shirt store. Amancio dropped out of his current school where he was pursuing his education when he was about 14 years old. ![]()
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