What was founded by amancio ortega

Ortega typically earns more than million dollars in just dividends every single year. Ever the investor, he has invested his dividends in real estate across the world, including in Madrid, Barcelona, London, Chicago, Miami and New York.

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These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. In October , he was the world's wealthiest man for a few hours.

It was hailed as a milestone in Spain. Yet compared to the world's other richest people, he has chosen to keep a low profile, avoiding interviews and media appearances whenever possible. The son of a railway worker, he was born in , just before the outbreak of Spain's civil war.

The family struggled to make ends meet, which made a lasting impression on him as a boy. Ms O'Shea, launching her book in , said Mr Ortega still felt shame at the family's inability to pay. And he said to me: 'I was deeply hurt and humiliated. He vowed never to let his family suffer poverty again, left school, and went to work in a shirt shop.

He gradually gathered further experience with other retailers and by the early s was ready to set up in business with members of his family and his future wife, Rosalia Mera. They launched first a textile manufacturing company, then later, the Zara brand. What gave him the edge, and made Zara and its parent company Inditex such a success, was one particular insight. Shops were taking too long to bring people the fashions they craved.

The most successful of all is Inditex, the world's leading textile retail, thanks to the innovative strategy of its founder and owner, Amancio Ortega, whose wealth is in direct proportion to his personal discretion. Amancio Ortega Gaona born: is the archetype of the tenacious, hardworking self-made man who has forged a business empire from scratch.

Yet, his story is atypical in several ways. He founded his first textile factory, Confecciones GOA, in The outstanding results of his integrated-business philosophy --which consists in being the sole manufacturer, distributor and seller of the garments produced--, encouraged Ortega to embark on a more ambitious project: the Zara brand.

Inditex started its international expansion in , and in the company went public. Ortega's mysterious personality attracts huge interest. Obsessed with privacy, he has never given a press interview in his life and avoids appearing in public. Source : W Magazine. Source : Forbes. Source : El Mundo. Sources : Publico. Source: Getty Images , Bloomberg. Source : Elite Choice. Source : adlatina. Source: Daily Mail.

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