12 Feb, 2020 @ 11:54
1 min read

Spanish billionaire and Zara founder Amancio Ortega ranked fifth richest man in the world and second in Europe

Amancio Ortega Fundador Y Ma Ximo Accionista De Inditex Efe

ZARA founder, Amancio Ortega has been ranked as the fifth richest man in the world.

Data gathered and calculated by Learnbonds.com indicates that the top ten richest people in the world collectively have more wealth than 85 countries.

Ortega has a net worth of €71.51 billion, which when compared to the GDP of countries, he would rank in 67th position, just above Oman.

The Middle Eastern country has an annual GDP of €70.4 billion.

The 83-year-old ranks fifth, behind the likes of Jeff Bezos, Bill Gates, Bernard Arnault and Warren Buffet.

For a brief period of time in 2015, he held the title for richest man in the world, overtaking Bill Gates when his fortune peaked at €73.25 billion.

The Leonese is the richest man in Spain and second wealthiest in Europe, behind Bernard Aranult, known for his ventures with Louis Vuitton and Sephora.

The first Zara store was opened in 1975 and that marked the beginning of the empire he would create.

In 2009, Zara was part of the Inditex group, of which Ortega owned 59.29%, and included brands such as, Massimo Dutti, Pull and Bear and Bershka.

Dimitris Kouimtsidis

GOT A STORY? Contact me now: [email protected] or call +34 951 273 575 or +44 75 358 167 18. Twitter: @dkouimtsidis.
Dimitris has a BA in History from the University of Leeds and an MA in Journalism (Sports) from the University of Lincoln.
He joined the Olive Press team as a journalist in January 2020.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Marcona Almond Trees
Previous Story

How one Costa Blanca industry is going nuts for global warming

Prison Guards
Next Story

Prison guards in Spain jailed for beating up baby-killer

Latest from Business & Finance

Go toTop

More From The Olive Press