Friday 14 November 2014

Forbes Rich List 2014: Amancio Ortega is 4th richest man in the world

Follows closely behind Bill Gates ($82.5B), Carlos Slim ($78.9B) and Warren Buffett ($71.1), with €47.6 billion
(www.libremercado.com)
SPAIN -- The world's richest retailer, Galician Amancio Ortega, 78, came down one place since 2013 Forbes Rich List. Never mind, he just added €5.6B to his fortune since last year, slightly less than the rest of the list. According Forbes - there are several calculations around - he is some €21.31B ahead of himself since 2012. Ortega is best known for Inditex's Zara brand (and Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius, Tempe, and Uterqüe, among others) but he also owns 26 buildings around the world, including the iconic Torre Picasso in Madrid (where Google is a tenant). The son of a railway worker in his adopted A Coruña, Galicia, home, he and his deceased wife Rosalia Mera, with whom he had two children, Sandra and Marcos, began by making dressing gowns and lingerie in their living room. As a teenager he worked as a gofer for a shirt store. He is now married to Flora Pérez Marcote, with whom he has another daughter, Marta. Amancio Ortega also owns some 26 buildings, many of which he bought at rock bottom prices as a result of the crisis. He stepped down from the top job at Inditex in 2011 but still owns almost 60% of the stock.

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