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AmancioOrtegaGaonaWikipedia,thefreeencyclopedia

AmancioOrtegaGaona
FromWikipedia,thefreeencyclopedia

AmancioOrtegaGaona(Spanishpronunciation:[a
manjoorteaaona]born28March1936)isa
Spanishfashionexecutiveandfoundingchairmanof
theInditexfashiongroup,bestknownforitschainof
Zaraclothingandaccessoriesretailshops.InMarch
2015,hewasrankedasthefourthrichestpersoninthe
worldbyForbes[4]withanetworthofUSD$62.6
billion.TheBloombergBillionairesIndexonMarch
2014listedAmancioOrtegaGaonaastheworld's
fourthrichestpersonwithreportedcombinedassetsof
USD$57billion.[5][6]Hewaslistedasthirdrichest
personintheworldbyHurunReportinFebruary
2014,withanetworthofUSD$62billion.[7]He
resideswithhissecondwifeinanapartmentbuilding
inGalicia,Spain.

Contents
1Biography

AmancioOrtega
Born

AmancioOrtegaGaona
28March1936
BusdongodeArbs,Len,Spain

Residence

ACorua,Spain

Nationality

Spanish

Occupation

Businessman

Knownfor

CofounderoftheInditexgroup
World's#4wealthiestperson
(2015)

Networth

US$69.1billion(April
2015)[1]

Board
memberof

Inditex (CEO)Daez (COO)

Religion

RomanCatholic. [2][3]

Spouse(s)

FloraPrez

2Seealso
3Bibliography

RosalaMera(divorced)
Marcote(m.2001)

Children

4References

SandraOrtegaMera
MarcosOrtegaMera
MartaOrtegaPrez

Biography

Signature

Theyoungestoffourchildren,Ortegawasbornin
BusdongodeArbs,Len,Spain,andspenthischildhoodinLen.HemovedtoACoruaattheageof
14,duetothejobofhisfather,arailwayworker.Barelyinhisteens,Ortegafoundajobasashophand
foralocalshirtmakercalledGala,whichstillsitsonthesamecornerindowntownACorua.[8]In1972,
hefoundedConfeccionesGoa(hisinitialsinreverse),sellingquiltedbathrobeswhichOrtegaproduced
usingthousandsoflocalwomenorganisedintosewingcooperatives.In1975,heopenedhisfirstZara
store,socalledbecausehispreferrednameZorbawasalreadytaken.HeopenedmanybigZaraStores
duringtheeightiesthroughoutGalicia.Today,ZaraispartoftheInditexgroup(IndustriasdeDiseo
TextilSociedadAnnima),ofwhichOrtegaowns59.29%,andasidefromover6,000storesincludesthe
brandsZara,MassimoDutti,Oysho,ZaraHome,Kiddy'sClass,Tempe,Stradivarius,PullandBear,
Bershkaandhasmorethan92,000employees.[9]
Ortegakeepsaverylowprofileand,until1999,nophotographofOrtegahadeverbeenpublished.He
goestothesamecoffeeshopeverydayandeatslunchwithhisemployeesinthecompany'scafeteria.He
refusestowearatieandtypicallywearsasimpleuniformofablueblazer,whiteshirt,andgraypants

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noneofwhichareZaraproducts.[10]Heisalsosaidtotakeaveryactivepartintheproductionand
designprocessinthecompany.
Whenhemadeapublicappearancein2000aspartofthewarmuppriortohiscompany'sinitialpublic
offeringonthestockmarketin2001,itmadeheadlinesintheSpanishfinancialpress.However,hehas
onlygrantedinterviewstothreejournalistsever[10]andhissecrecyhasledtothepublicationofbooks,
suchasAmancioOrtega:deceroaZara(FromZerotoZara).
In2011,OrtegaannouncedhisimminentretirementfromInditex,parentcompanyoftheZarachain,
statingthathewouldaskInditexvicepresidentandCEOPabloIslatotakehisplaceatthehelmofthe
textileempire.[11]
Hemaintainedhis#3spotontheForbeslistfrom2013,butincreasedhisnetworth$7billionforatotal
of$64billion.

Seealso
Listofbillionaires
ListofSpanishbillionairesbynetworth

Bibliography
Blanco,XabierSalgado,Jess(2004).AmancioOrtega,deceroaZara:Elprimerlibrode
investigacinsobreelimperioInditex.EsferadelosLibros.p.271.ISBN9788497341677.

References
1. ^"TheWorld'sBillionaires"(http://www.forbes.com/billionaires/list/).http://www.forbes.com.Forbes.
March2015.RetrievedMarch2015.
2. ^"TheBusinessofreligion"(http://www.money.co.uk/misc/thebusinessofreligion.htm).Nndb.com.
Retrieved20111021.
3. ^AmancioOrtegaFoundationdonates20millioneurostocharity(http://www.thinkspain.com/news
spain/21891/amancioortegafoundationdonates20millioneurostocharity).Thinkspain.com.Retrievedon
20130714.
4. ^OrtegaonForbesWorld'sBillionaireList(http://www.forbes.com/profile/amancioortega/)
5. ^"BloombergBillionaresIndex"(http://topics.bloomberg.com/bloombergbillionairesindex/).Bloomberg
LP.Retrieved1December2012.
6. ^"LafortunadeAmancioOrtegasuperayalos50.000millonesdeeuros"
(http://economia.elpais.com/economia/2015/01/13/actualidad/1421173464_372258.html)(inSpanish).
Retrieved20150114.
7. ^[1](http://hurun.net/EN/HuList.aspx?nid=26)HurunReportGlobalRichList2014
8. ^MeetAmancioOrtega(http://management.fortune.cnn.com/2013/01/08/zaraamancioortega/)
9. ^"InditexGroupAnnualReport2009"
(http://www.inditex.com/en/downloads/Annual_Report_INDITEX_09.pdf)(PDF).InditexGroup.Retrieved
26May2012.
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10. ^abMeetTheSecretiveSpanishBillionaire(http://www.businessinsider.com/spanishbillionaireamancio
ortegazara20131?op=1)
11. ^Fuchs,Dale(13January2011)."EndofthelineforZaratsarwhobuilta9bnempire"
(http://www.independent.co.uk/lifestyle/fashion/news/endofthelineforzaratsarwhobuilta83649bn
empire2183197.html).TheIndependent.Retrieved18February2011.

Businesspositions
Newtitle

Presidentof
Inditex
19852011

Succeededby
PabloIsla

Retrievedfrom"http://en.wikipedia.org/w/index.php?title=Amancio_Ortega_Gaona&oldid=655215657"
Categories: 1936births Livingpeople PeoplefromMontaaOccidental Businesspeopleinfashion
Spanishbusinesspeople Galicianbusinesspeople Spanishbillionaires Galicianpeople
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