Amancio Ortega is a Spanish billionaire businessman and the founder of Inditex, one of the world’s largest fashion retail groups. He is the wealthiest person in Europe and the second wealthiest in the world, with an estimated net worth of $77.2 billion as of April 2021. Ortega started his career as a shop assistant in a clothing store in La Coruña, Spain, before founding Inditex in 1975. He is known for his frugal lifestyle and philanthropy.
In 1975, Ortega founded Inditex, which is now one of the world’s largest fashion retail groups. The company owns several brands, including Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterqüe. It has more than 7,500 stores in 93 countries.
Childhood
Amancio Ortega’s childhood was marked by poverty. He was born in 1936 in Busdongo de Arbas, a small village in the province of León, Spain. His father was a railway worker and his mother was a housewife. He had four siblings. At the age of 14, he left school to work as a shop assistant in a clothing store in La Coruña, Spain.
Education
Amancio Ortega did not receive any formal education. He left school at the age of 14 to work as a shop assistant in a clothing store in La Coruña, Spain.
Adulthood
Amancio Ortega’s adulthood was marked by success. In 1975, he founded Inditex, a textile company that would eventually become one of the world’s largest fashion retail groups. He opened his first store in La Coruña in 1975 and quickly expanded to other cities in Spain. By the early 2000s, Inditex had become a global fashion powerhouse with stores in more than 70 countries.
Net worth
Amancio Ortega did not receive any formal education. He left school at the age of 14 to work as a shop assistant in a clothing store in La Coruña, Spain.
Life-style
Amancio Ortega is known for his frugal lifestyle, wears inexpensive clothes and drives an old car. Ortega is known for his frugal lifestyle. He is often seen wearing a simple blue blazer and gray slacks and is also known for his philanthropy, having donated millions of dollars to charities and causes around the world. He is a private person who avoids the spotlight and rarely gives interviews. He owns a large estate in Galicia, Spain, where he spends most of his time. Reald Madrid is his favorite soccer team and he is a fan of the opera.
