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As of September 2024, Ortega had a net worth of $134.3 billion, making him the second-wealthiest person in Europe after Bernard Arnault and the 11th-wealthiest in the world. [2] For a brief period of time in 2015, he was the richest man in the world, surpassing Bill Gates when his net worth peaked to $80 billion as Zara's parent company ...
The majority of the family's wealth comes from the clothing company Inditex and its flagship store Zara. As of July 2022, the family has an estimated net worth of $110 billion. The head of the family, billionaire Amancio Ortega, is the twelfth richest person in the world. [1] [2] [3]
Inditex, owner of fashion chain Zara, shrugged off malaise affecting the broader apparel sector to post strong profit growth on Wednesday and forecast full-year same-store sales of up to 6% ...
The world’s largest fashion group revealed that earnings increased by a fifth to 8.6 billion euros (£7.6 billion) in 2022.
The owner of fashion retailer Zara, Inditex, returned to quarterly profit in the three months from May to July despite a 31% fall in sales as the coronavirus crisis kept consumers away from city ...
Zara was established by Amancio Ortega Gaona in 1975. Their first shop was in central A Coruña, in Galicia, Spain, where the company is still based.They initially called it 'Zorba' after the classic 1964 film Zorba the Greek, but after learning there was a bar with the same name two blocks away, rearranged the letters to read 'Zara'.
Fashion giant Zara's owner Inditex reported an 80% jump in first-quarter profit on the back of soaring sales as consumers refreshed their wardrobes after months spent stuck at home during the ...
STORY: Inditex was in fashion for shoppers in the first half of this year. The Zara owner reported Wednesday (September 14) that revenue jumped by a quarter to around $14.8 billion.Profits surged ...