#11

Amancio Ortega

$141.7B

es

Passive income at 5% annual return

Since you arrived

$0.00

Per second

$225.00

Per minute

$13,479

Per hour

$808,721

Per day

$19,409,293

Wealth in context

Median US salary
4.4 minutes($59,384)
Average US home price
31.2 minutes($420,800)
Teacher's annual salary (US avg)
5.2 minutes($69,544)

Time to earn each amount through passive income at 5% annual return on $141.7B net worth.

Biography

Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.

A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.

He owns about 60% of Madrid-listed Inditex, which has seven brands, including Massimo Dutti and Pull & Bear and 5,000 stores around the world.

In 2022, after working at Inditex for 15 years, his daughter Marta Ortega Pérez became chairperson of the company.

Ortega earns more than $400 million in yearly dividends, which he reinvests primarily in real estate across Europe and North America.

About

Ortega first began his career manufacturing textiles through a small family company in 1963.

Ortega's real estate portfolio, which includes logistics, residential and office properties, rents to tenants including Apple, Amazon and Walmart.

Details

Gender: m
Citizenship: es
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