Biography
Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world. A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975. He owns about 60% of Madrid-listed Inditex, which has seven brands, including Massimo Dutti and Pull & Bear and 5,000 stores around the world. In 2022, after working at Inditex for 15 years, his daughter Marta Ortega Pérez became chairperson of the company. Ortega earns more than $400 million in yearly dividends, which he reinvests primarily in real estate across Europe and North America.