ArabianBusiness.com - Middle East Business News
Tuesday, 14 October 2008 | 00:18 UAE time
 
 
 

8#  Amancio Ortega
8# Amancio Ortega

Net Worth: US$ 24 Billion
Country of Residence: Spain
Industry: Retail
Companies: Inditex Group
« Back to List
 
Born March 28, 1936, Spain Ortega is a Galician fashion entrepreneur and is Spain's richest man. He is the founder, with his then-wife Rosalía Mera, and chairman of the Inditex Group. He currently lives with his second wife in a discreet apartment building in the centre of A Coruña (Corunna).

Starting as a gofer in various shirt stores in A Coruña, Galicia, in 1963 he founded Confecciones Goa (his initials in reverse), which made bathrobes. In 1975 he opened the first store in what would grow into the enormously popular chain of fashion stores called Zara. He owns 59.29% of the Inditex group (Industrias de Diseño Textil Sociedad Anónima) which includes the brands Zara, Massimo Dutti, Oysho, Zara Home, Kiddy's Class, Tempe, Stradivarius, Pull and Bear/Often and Bershka and has more than 14,000 employees.

www.wikipedia.org
 
 
 
Distribution of billionaires by Residence
Click on the regions of the map below to indicate residence of Rich list entries
 

 

USER COMMENTS (0 COMMENTS)

CLICK HERE TO POST A COMMENT

Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.

Subscribe

Arabian Business English edition


The Middle East's leading English-language weekly business magazine.

Subscription Rates:

AED 249.00 Special price for UAE subscribers

AED 399.00 for Other GCC Countries.

AED 449.00 for International
Subscribe Now »


Current Issue  |  Media Info  |  Subscribe to other Magazines »
ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Senior Marketing Manager
    Industry: Marketing & PR
    Location: Kuwait, Kuwait
  2. Petroleum Engineers – Upstream Operations & Petroleum Development
    Industry: Oil & Gas
    Location: Sharjah, UAE
Browse all jobs »