Tuesday, 27 March 2012

5. Amancio Ortega

Amancio Ortega

Net Worth
$37.5 B As of March 2012

  • Age: 75
  • Source of Wealth: Zara, self-made
  • Residence: La Coruna, Spain
  • Country of Citizenship: Spain
  • Marital Status: Married
  • Children: 3
Forbes Lists
 #1 in Spain
Ortega stepped down as chairman of his global fashion firm, Inditex, in July 2011. The company hasn't missed a beat. Shares are up one-fourth in the past year, helping boost his fortune by $6.5 billion and pushing him into the global top 5 ranks for the first time. Ortega paid $536 million to billionaire Esther Koplowitz in December for Torre Picasso, a 43-story skyscraper in Madrid. He also owns Epic Residences & Hotel, a luxury 54-story waterfront condo and hotel development in Miami. Other personal holdings include a stake in a soccer league and a horse-jumping circuit. A railway worker's son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, also a billionaire, he started making dressing gowns and lingerie in living room. His daughter Marta, who works for Inditex, married Spanish equestrian star Sergio Alvarez Moya in February.

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