5 Nov, 2019 @ 14:44
1 min read

REVEALED: Spain’s Forbes Rich List 2019… but one man is in a league of his own

amancio ortega worlds richest man e
Inditex boss Amancio Ortega is laughing all the way to the bank
amancio ortega worlds richest man e
Inditex boss Amancio Ortega is laughing all the way to the bank

THE rich just keep getting richer, it seems, as Forbes’ Rich List has revealed Spain’s top 100 earners are €1.5 billion better off than they were last year. 

However there is one man at the top of that list who has more wealth than the 43 who come after him combined.

It is of course, fashion king Amancio Ortega, who this year has a staggering net worth of €63 billion.

It’s a €5 billion increase on last year and is more than TEN times that of Spain’s second-richest – his daughter Sandra Ortega.

Sandra, heiress to her father’s Inditex fortune (the company behind Zara, Massimo Dutti, Pull & Bear and many more), has a net worth of €6 billion.

Rafeal del Pino, owner of Ferrovial, comes in third with a €4.1 billion fortune, up from €3 billion last year.

The president of Iberostar, Miguel Fluxa, remains in fourth place, with €3 billion to his name, followed by Juan Roig, president of Mercadona, who falls from third to fifth with a €2.7 billion fortune.

Julio Iglesias
LOADED: Singing legend Julio Iglesias is still well within the top 50 richest people in Spain

The top five fortunes of the list add up to €78.8 billion, accounting for 50.3% of the total.

Amancio Ortega’s fortune is equivalent to the sum of the 43 richest who follow him.

According to Forbes, Ortega has increased his fortune in the last year by maintaining his investment strategy in real estate, which has a net worth estimated at €7.5 billion.

Julio Iglesias is the only person on the list that is not dedicated exclusively to the business world, with a fortune of €800 million putting him in 37th place.

Its a three point drop for Spain’s most famous singer, after having occupied 34th place last year with €50 million more to his name.

Laurence Dollimore

Laurence has a BA and MA in International Relations and a Gold Standard diploma in Multi-Media journalism from News Associates in London. He has almost a decade of experience and previously worked as a senior reporter for the Mail Online in London.

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