Amancio Ortega
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Amancio Ortega
Amancio Ortega
Born Amancio Ortega Gaona
(1936-03-28) 28 March 1936 (age 81)
Busdongo de Arbás, León, Spain
Residence A Coruña, Spain
Nationality Spanish
Occupation Businessman
Known for Co-founder of Inditex Group
Net worth DecreaseUS$78.7 billion (October 2017)[1]
Board member of Inditex (CEO) Daez (COO)
  • Rosalía Mera (m. 1966; div. 1986)
  • Flora Pérez Marcote (m. 2001)
Children 3 (including Sandra Ortega Mera)
Signature
Amancio Ortega Gaona signature.png

Amancio Ortega Gaona (Spanish pronunciation: [a'man?jo or'te?a ?a'ona], born 28 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 is the wealthiest retailer in the world.[1][2]

Biography

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.[3]

He left school and moved to A 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.[4] In 1972, he founded Confecciones Goa to sell quilted bathrobes.[]

In 1975, he opened his first Zara store with his wife Rosalía Mera.[5]

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.[6]

Ortega keeps a very low profile and is known for his preference for a simple lifestyle. Until 1999, no photograph of Ortega had ever been published. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and gray trousers, none of which are Zara products.[7]

His public appearance 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. However, he has only ever granted interviews to three journalists.[7]

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 EUR20 million to Caritas Internationalis, a Roman Catholic relief organisation.[8][9]

See also

Bibliography

  • Blanco, Xabier; Salgado, Jesús (2004). Amancio Ortega, de cero a Zara: El primer libro de investigación sobre el imperio Inditex. Esfera de los Libros. p. 271. ISBN 978-8-497-34167-7. 

References

  1. ^ a b "Amancio Ortega". Forbes. Retrieved 2017. 
  2. ^ "The World's Billionaires". Forbes. Retrieved 2017. 
  3. ^ Zara: Visión y estrategia de Amancio Ortega By David Martínez.
  4. ^ Meet Amancio Ortega
  5. ^ Dennys, Harriet (16 August 2013). "Rosalia Mera". Daily Telegraph. London. 
  6. ^ "Inditex Group Annual Report 2009" (PDF). Inditex Group. Archived from the original (PDF) on 2 June 2012. Retrieved 2014. 
  7. ^ a b Meet The Secretive Spanish Billionaire
  8. ^ Amancio Ortega Foundation donates 20 million euros to charity. Thinkspain.com. Retrieved on 14 July 2013.
  9. ^ The richest man in the world according to Forbes became the founder of Zara Amancio Ortega

External links

Business positions
New title President of Inditex
1985-2011
Succeeded by
Pablo Isla

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.


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