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Amancio Ortega

Amancio Ortega

Born 1936 · Age 90

Spanish billionaire businessman; founder and former chairman of Inditex, the parent company of Zara. Pioneer of fast fashion and major real-estate investor through Pontegadea. Founder of the Amancio Ortega Foundation.

Total Events
45
Career Span
89 years
Peak Net Worth
$107,000,000,000

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Life & Career Timeline

1936Age 0

Born in Busdongo de Arbas, Spain

Amancio Ortega Gaona born to Antonio Ortega Rodríguez and Josefa Gaona Hernández.

3/28/1936Source
Confidence
95%
1949Age 13

Started working in garment trade (delivery boy / assistant)

Began work as a delivery boy for a men's shirt store and assistant in a tailor's shop in A Coruña; early exposure to manufacturing and delivery costs.

1/1/1949Net Worth: $500Source
Confidence
75%
1950Age 14

Left school and moved to A Coruña; shop hand at Gala

Left formal education and took a job at Gala shirtmaker, learning to make clothes by hand.

1/1/1950Net Worth: $1,000Source
Confidence
85%
1963Age 27

Founded Confecciones Goa (quilted bathrobes)

Started Confecciones GOA to produce quilted bathrobes and lingerie; early manufacturing business that preceded Zara.

1/1/1963Net Worth: $100,000Source
Confidence
90%
1966Age 30

Married Rosalía Mera

Married Rosalía Mera Goyenechea, who would later co-found Zara with him.

1/1/1966Net Worth: $150,000Source
Confidence
95%
1975Age 39

Opened first Zara store in A Coruña

Launched the first Zara ready-to-wear boutique with his wife; the origin of the Zara retail chain.

1/1/1975Net Worth: $1,000,000Source
Confidence
95%
1977Age 41

Established company headquarters and first garment factories

Set up Zara/production HQ and initial factories on outskirts of A Coruña to scale manufacturing.

1/1/1977Net Worth: $2,000,000Source
Confidence
85%
1983Age 47

Reached nine Zara stores across Spain

Domestic retail expansion milestone as Zara grew across Spanish shopping districts.

1/1/1983Net Worth: $8,000,000Source
Confidence
80%
1984Age 48

Opened first logistics centre

First central logistics hub outside A Coruña to manage distribution and accelerate inventory turnover.

1/1/1984Net Worth: $10,000,000Source
Confidence
80%
1985Age 49

Founded Inditex (Industria de Diseño Textil) and became President

Incorporated Inditex as the holding company for Zara and related retail formats; Ortega was founding chairman/president (role held 1985–2011).

1/1/1985Net Worth: $15,000,000Source
Confidence
95%
1986Age 50

Divorced Rosalía Mera

Ortega and Rosalía Mera divorced (they had previously co-founded businesses together).

1/1/1986Net Worth: $20,000,000Source
Confidence
90%
1988Age 52

Opened first Zara store outside Spain (Portugal)

First international Zara boutique opened in Portugal, beginning global retail expansion.

1/1/1988Net Worth: $30,000,000Source
Confidence
90%
1989Age 53

Opened Zara in New York

Zara entered the US market with a New York store, marking a major international step.

1/1/1989Net Worth: $50,000,000Source
Confidence
90%
1990Age 54

Opened Zara in Paris

Further European expansion into a key fashion capital.

1/1/1990Net Worth: $80,000,000Source
Confidence
90%
1991Age 55

Launched Pull&Bear and acquired Massimo Dutti (initial stake)

Inditex diversified brand portfolio by launching Pull&Bear and acquiring Massimo Dutti.

1/1/1991Net Worth: $150,000,000Source
Confidence
85%
1994Age 58

Acquired remaining 35% of Massimo Dutti

Completed buyout of remaining minority stake, consolidating Inditex's brand portfolio.

1/1/1994Net Worth: $300,000,000Source
Confidence
80%
1998Age 62

Launched Bershka

Introduced Bershka, targeting younger female consumers; continued brand expansion.

1/1/1998Net Worth: $600,000,000Source
Confidence
80%
1999Age 63

Acquired Stradivarius

Acquisition of youth fashion chain Stradivarius as Inditex continued to expand.

1/1/1999Net Worth: $1,500,000,000Source
Confidence
85%
1999Age 63

First published photographs of Ortega appear

Until 1999 no photographs of Ortega had been published; public visibility increased thereafter.

1/1/1999Net Worth: $1,500,000,000Source
Confidence
75%
2000Age 64

Made first significant public appearance prior to IPO

Public appearance in 2000 ahead of Inditex's IPO made headlines in Spanish financial press.

1/1/2000Net Worth: $3,000,000,000Source
Confidence
85%
2001Age 65

Inditex IPO on Madrid Stock Exchange (valuation ~€9B)

Inditex listed publicly in 2001 at about €9 billion; Ortega sold part of his stake (reported >20%) and became Spain's wealthiest person.

1/1/2001Net Worth: $5,000,000,000Source
Confidence
95%
2001Age 65

Founded Pontegadea Inversiones and Amancio Ortega Foundation

Established the family investment vehicle Pontegadea (real estate arm Pontegadea Inmobiliaria) and the Amancio Ortega Foundation (philanthropy: education, social welfare).

1/1/2001Net Worth: $5,000,000,000Source
Confidence
95%
2003Age 67

Launched Zara Home

Expanded Inditex into home furnishings with launch of Zara Home as a new business line.

1/1/2003Net Worth: $6,500,000,000Source
Confidence
85%
2008Age 72

Inditex becomes world's largest fashion retailer (~4,000 stores)

By 2008 Inditex controlled roughly 4,000 stores across ~70 countries; major company milestone.

1/1/2008Net Worth: $30,000,000,000Source
Confidence
90%
2009Age 73

Held ~59.29% of Inditex; group had >6,000 stores and >92,000 employees

Reported major ownership stake of 59.29% in Inditex; group scale exceeded 6,000 stores and c.92,000 employees in some company reports.

1/1/2009Net Worth: $40,000,000,000Source
Confidence
88%
2009Age 73

Awarded Knight Grand Cross of the Order of Civil Merit

Official state honour (Gran Cruz de la Orden del Mérito Civil) in Spain.

12/18/2009Net Worth: $40,000,000,000Source
Confidence
95%
2011Age 75

Announced retirement as Inditex chairman; Pablo Isla to succeed

Stepped down from day-to-day role and handed chairmanship/leadership to Pablo Isla while retaining majority stake.

1/1/2011Net Worth: $50,000,000,000Source
Confidence
95%
2012Age 76

Donated €20 million to Cáritas

Amancio Ortega Foundation donated about €20M to Caritas Internationalis in October 2012, the largest single donation in the NGO's history.

1/1/2012Net Worth: $55,000,000,000Source
Confidence
90%
2013Age 77

Death of ex-wife Rosalía Mera

Rosalía Mera, co-founder with Ortega and mother of two of his children, died in August 2013 at age 69.

8/1/2013Net Worth: $60,000,000,000Source
Confidence
95%
2014Age 78

Owned luxury assets (yachts 'Drizzle' and 'Valoria B' and Gulfstream G650)

Reported ownership of two yachts and a Gulfstream G650 private jet (used as part of high-net-worth lifestyle and transport assets).

1/1/2014Net Worth: $62,000,000,000Source
Confidence
80%
2015Age 79

Briefly World's Richest Person; net worth peaked (~$80B)

During a peak in Inditex stock, Ortega briefly surpassed Bill Gates; peak net worth reported around $80B.

1/1/2015Net Worth: $80,000,000,000Source
Confidence
95%
2015Age 79

Donated €17 million to hospitals in Galicia and Andalusia

Part of ongoing philanthropic contributions by the Amancio Ortega Foundation supporting healthcare technology and treatment.

1/1/2015Net Worth: $79,000,000,000Source
Confidence
85%
2016Age 80

Foundation scholarships awarded to 500 students (2016/17 academic year)

The Amancio Ortega Foundation scholarship program sent 500 students (250 to Canada, 250 to the U.S.) for Baccalaureate studies in 2016/17.

1/1/2016Net Worth: $76,000,000,000Source
Confidence
85%
2017Age 81

Donated €320 million to Spanish public healthcare for cancer

Largest donation by his foundation to date (€320M) to buy cancer detection and treatment equipment across Spain.

3/1/2017Net Worth: $75,700,000,000Source
Confidence
95%
2017Age 81

Received AEF Philanthropic Initiative Award

Awarded by the Spanish Association of Foundations for philanthropic initiatives (AEF Awards 2017).

7/1/2017Net Worth: $75,700,000,000Source
Confidence
90%
2019Age 83

Pontegadea acquires multiple international properties (Troy Block / Amazon HQ block)

Pontegadea expanded US/ international real estate holdings, including the Troy Block complex in Seattle (reported buy of Amazon HQ block) and other purchases.

1/1/2019Net Worth: $85,000,000,000Source
Confidence
85%
2019Age 83

Completed $72.5M purchase of downtown Chicago hotel

Pontegadea completed a $72.5M deal for a downtown Chicago hotel as part of global real estate expansion.

1/1/2019Net Worth: $82,500,000,000Source
Confidence
85%
2019Age 83

Pontegadea purchased 5% of Enagás for €281.64M

December 2019 acquisition of a 5% stake in Spanish energy company Enagás for €281.64M via Pontegadea.

12/1/2019Net Worth: $82,000,000,000Source
Confidence
90%
2020Age 84

Reported loss of ~$10B due to COVID-19 market impact

Media reported Ortega lost roughly $10 billion in net worth as a result of pandemic-related market declines.

1/1/2020Net Worth: $75,000,000,000Source
Confidence
85%
2020Age 84

Pontegadea real estate holdings reported at $17.2B

Bloomberg report revealed Pontegadea real estate assets worth approximately $17.2 billion.

7/1/2020Net Worth: $75,000,000,000Source
Confidence
90%
2021Age 85

Reported net worth ~€73.1B (2021 estimate)

Various reports (e.g., Forbes Spain) estimated Ortega's fortune around €73.1 billion in 2021.

1/1/2021Net Worth: $82,000,000,000Source
Confidence
80%
2021Age 85

Pontegadea buys 5% of Red Eléctrica (and 12% of REN)

In July 2021 Pontegadea acquired 5% of Red Eléctrica and also took a 12% stake in Portugal's REN (Redes Energéticas Nacionais).

7/1/2021Net Worth: $80,000,000,000Source
Confidence
90%
2024Age 88

Forbes lists Ortega net worth at $103B (2024)

Forbes reported Ortega's net worth at about $103 billion in 2024.

1/1/2024Net Worth: $103,000,000,000Source
Confidence
90%
2024Age 88

Created €100M fund to help DANA-affected populations in Valencia

In November 2024 Ortega established a €100 million fund to mitigate impact of severe weather (DANA) on victims in Valencia.

11/1/2024Net Worth: $102,900,000,000Source
Confidence
85%
2025Age 89

Net worth reported at $107B (May 2025)

Bloomberg reported Ortega's net worth at $107 billion in May 2025, making him the second-wealthiest person in Europe.

5/1/2025Net Worth: $107,000,000,000Source
Confidence
92%

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