Amancio Ortega Net Worth 2018: Know his earnings,income,assets,family&relationship

Amancio Ortega Net Worth 2018: Know his earnings,income,assets,family&relationship

Facts of Amancio Ortega Net Worth 2018: Know his earnings,income,assets,family&relationship

Net worth$78.7 billion
Date of Birth:1936 March 28
First NameAmancio
Last NameOrtega
Age:88 years old
Birth Nation: Spain

Amancio Ortega Gaona is a number one Spanish businessman as well as the former chairman and founder of Inditex fashion group and had best accessories retail shops and Zara clothing.According to the Forbes, Amancio Ortega had a net worth of $66.2 billion in 2018.

Amancio Ortega Source of income:

After Bill Gates, Amancio is the fourth richest person in the world, known for launching the retail brand, Zara. The product of his is at a high level which accrued more than $20 billion in the last fiscal year.

His company, Inditex, headquartered in Arteixo, Galicia, Spain, produce over one billion pieces of clothes annually. More than 270 million items used to ship to the Zara stores, which is around 5 million items every week.

His company Zara launches more than 12,000 new designs every year and invest a percentage of revenues in opening new stores of around $9 million every year.

The Zara company had a brand value of $11.5 million and sales of $17.2 billion.

His company has more than 2,200 stores in 93 countries and is the flagship brand of the Inditex Group and his company renowned for its ability to develop a new product and get it to stores within two weeks.

The man who is the founder of Zara has 436 stores whose biggest market is in Spain, Zara also has stores in Japan, China, France, Italy as well as in the US. Zara has more than 78 stores and also has launched online sales capabilities this year in Singapore, Malaysia, Thailand, Vietnam, and India and many more.

New items launched by the company is delivered within 48 hours and produces over 450 million items per year.

He earns quite a huge sum of money from his business as Zara. His earnings from the brand are even though unrevealed, it is for sure that his earnings from these sources have increased up his total net worth. 

In the year 2015, Ortega donated €17 million ($18 million) to the health system in the Spanish region of Galicia.Ortega donated about 20 million euros to Caritas Internationalis, a Roman Catholic relief organization in the year 2012 and donates €320 million to Spain’s healthcare sector for the diagnosis and treatment of cancer.

Houses and others property of Amanico:

The tallest skyscraper in Spain, the Torre Picasso in Madrid. The building stands 515 feet and costs $536 million.

He has Cespa Tower worth of $ 55 million.

Also, he has 32 Gran via worth $ 465 million.

His Almack house which is located in London, the UK worth $ 327 million.

His Deven shire building worth $523 million.

His 26-48 Oxford street worth $327 million.

His U.S.A. building at 490 Broadway, NY worth $145 million.

His entire block on Miami Beach, FL worth $370 million.

He also has a five-story building in Seoul South in Garosugil worth $27 million.

And his 22 stories M-Placed in Myeongdong $381 million.

Collection of cars, Jeet, and boats:

He has Audi S8 worth $90,000.

He has Valoria Yacht worth of $ 7 million.

He has his own The Global Express BD-700 private jet designed by Bombardier and one of the luxury Jet worth $45 million.

Early life and career of Amancio Ortega Gaona:

Amancio Ortega Gaona was born on March 28, 1936, in Busdongo de Arbas located in the northern Spanish region of a small village. 

He was the youngest of four other children. He wa born in the poor family. 

Amancio father’s used to work at the local railway station because of that the Ortega family soon moved to La Coruña, Galicia, Spain.His mother employed as a housemaid.

At the age of 14, Amancio Ortega’s started to do the job and started to learn to make clothes by hand, As the time went he become the shop assistant at a local company, called Gala.  

As the time change Gala become a  conventional shirts maker, is still active and open on one of La Coruna’s downtown corners. Selling traditional shirts, caps, and cardigans.

Amancio Ortega enjoyed riding his bicycle around the town, Whenever he had free time, and Ortega realized that to earn good money, His brilliant business idea could have come during one of such rides.

As well  Ortega started to organize women into sewing cooperatives. The product like babywear, lingerie, and nightgowns. 

After the ten years of experience in managing sewing cooperatives experience, Amancio Ortega built his own company, Confecciones GOA, S.A. in 1963.

Personal Life of Amanico:

Amanico first business partner was Rosalia Mera, he got married to his business partner and had two children, Sandra Ortega Mera and Marcos Ortega Mera.

The married couple never appeared together in public, nor did they let their two children.However, the couple gets divorced in 1986. 

Amancio Ortega again gets married to Flora Perez Marcote in 2001 and has one child Marta Ortega, having a love affair with her since 1983. they are 18 years of age difference.

Marta, Ortega’s daughter from Flora Pérez, is considered to be his future successor and also very close to her father Ortega’s experience.

Marta daughter of Amancio Ortega, has undergone her professional training at Inditex, starting from the lowest level of a store employee. Along with the career similarities.

Social Media:

He has 4199 Followers, 1 Following, 12 Posts (@amancioortegagaona) on Instagram and has Tweets 1, Following 4, Followers 14.4K on Twitter.

Amancio Ortega Gaonaformer chairman of Inditex fashion groupfounder of Inditex fashion groupZara ClothingZaraAmancio OrtegaInditex Group