Amancio Ortega news and archive

Inditex's founder gets paid over 813 million euros in dividends

Amancio Ortega, founder and largest shareholder of Inditex, has been paid more than 813 million euros in dividends from the Zara owner group. On May 2, shareholders such as Ortega received a dividend of 0.44 euros per share. It is the first payment of the year for Inditex’ shareholders. In the case of Ortega is more than 813 million euros. The...

Business

Bernard Arnault overtakes Amancio Ortega in Forbes Billionaires 2018 ranking

London - They say crime doesn’t pay, but working in fashion certainly does, as Bernard Arnault, CEO, and Chairman of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, becomes the fourth richest man in the world. His luxury company, which owns leading fashion houses such as Louis Vuitton, Fendi and Givenchy enjoyed one of its best years to...

PeopleFeatured

Amancio Ortega retires: the founder of Inditex drops over 50 executive positions

The founder of Inditex, Amancio Ortega, has left his positions in 53 subsidiaries of the textile group, six years after having ceded the presidency of the group to Pablo Isla. With this gesture, the founder of the largest fashion retail group in the world kicks off his retirement The businessman, who left the executive functions of Inditex in...

Business|INTERACTIVE MAP Featured

Rich List: Top 10 Billionaires in Fashion 2017

The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...

People

Interactive Chart: Top 10 Richest People in Fashion of 2016

London - As the end of the year draws ever closer, FashionUnited takes a moment to reflect back on 2016. Fashion has always been a big business, but this year saw some of the richest individuals working in fashion become even richer, in spite of economical and political uncertainties sweeping across the globe. Unsurprisingly, the title of the...

PeopleFeatured

Fashion’s Wealthiest: Top 10 Richest People of 2016

London - “I think that fashion has become such a big business and with globalisation we are on new territory at this point. We are not just designing for a country we are designing for a world now,” said American fashion designer Anna Sui in an interview with CNN in 2006. Ten years later, and the business of fashion continues to boom. Fashion is...

Business|UPDATE

Amancio Ortega briefly claims the title of World’s #1 Billionaire

Last Friday saw the founder of fast-fashion empire Inditex, Amancio Ortega, briefly claim the title of world's richest man after company stocks grew 5.3 percent. According to Forbes World's 'real time' Billionaire list, the Spanish fashion mogule reached an all time high net worth of 79.9 billion dollars, thanks to a sudden increase in stock...

Fashion

Zara owner named world's second-richest person

London - Spanish retail magnate Amancio Ortega is now worth 71.5 billion dollars, according to the Bloomberg Billionaires Index, and has taken second place in the ranking of the world’s richest people for the first time. Ortega, who owns 59 percent of Inditex, the world’s largest clothing retailer which runs chains including Zara, Massimo Dutti,...

Retail

Zara founder buys up Oxford Street properties

Spanish billionaire founder of Zara Amancio Ortega has bought up a cluster of properties on the east end of London’s Oxford Street for more than 400 million pounds. Ortega has reportedly bought a number of properties including a development at 26-48 Oxford Street from property firms Land Securities and Frogmore through his investment vehicle...

People

Zara founder tops UK’s richest landowner list

Founder of one of the world’s biggest fashion retailers, Amancio Ortega has added ‘biggest land owner in Britain’ to his list of achievements, according to the 2014 Estates Gazette Rich List. Being head of Inditex, which counts Zara, Massimo Dutti, Bershka and Pull and Bear in its fashion portfolio, Ortega has been listed as the fourth richest...

Fashion

Sunday Times Rich List names fashion’s wealthiest

The annual Sunday Times Rich List is out and 10 out of the 25 richest people in Europe have made the cut thanks to making their earnings in the fashion, beauty or luxury goods industries. The richest person in Europe is Amancio Ortega, the Spanish founder and owner of Zara’s parent Inditex, whose net worthis 38.5 billion pounds, closely followed...

Design

Founder of Inditex looking to invest in Paris

Amancio Ortega, the third richest man in the world, coming in just after Bill Gates and Carlos Slim according to Forbes magazine, is reportedly preparing to purchase twenty properties in the French capital. According to the French newspaper Le Figaro, Ortega has made an inviting offer to Italian property company Risanamento to purchase the...