Amancio Ortega - updates

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Billionaire Zara founder builds global real estate empire

Nov 17, 2019 - 9:20 PM

Amancio Ortega, founder of fashion retailer Zara, has a real estate portfolio worth around 10 billion euros ($11 billion)

(FILES) In this file photo taken on July 31, 2016 Founder and chairman of the Inditex fashion group Amancio Ortega stands at the end of the 32nd edition of the A Coruna International Show Jumping competition at the Casas Novas Equestrian Centre in Arteixo. - Spanish billionaire Amancio Ortega, the founder of clothing giant Zara, has built up a global real estate empire that includes offices used by Facebook and Amazon in Seattle and large swathes of London's Oxford Street. Diversifying his fashion fortune to preserve his sizeable wealth, the value of the real estate portfolio owned by Ortega's investment holding Pontegadea Inversiones stood at around 10 billion euros ($11 billion) at the end of last year. (Photo by MIGUEL RIOPA / AFP)

Zara owner Inditex's profits beat expectations

Jun 15, 2016 - 8:00 PM

Inditex also says it opened stores in Aruba Nicaragua and Paraguay in the first quarter of 2016 extending its reach to 91 markets and 7 085 shops

epa00680545 Undated company handout photo released Wednesday 29 March 2006 showing the Zara store in Shanghai, China. Spanish apparel retailer Industria de Diseno Textil, commonly know as Inditex, who owns Zara, has released its annual results for 2005, announcing an increase in profit of 26% compared to 2004. EPA/HO

Microsoft's Gates reclaims title as world's richest

Mar 04, 2014 - 9:26 AM

US tech tycoon Bill Gates beats Mexico s Carlos Slim in Forbes Magazine s 2014 world s billionaires list

WORLD'S RICHEST. Microsoft's Bill Gates reclaims top spot on Forbes Magazine's world's billionaires list for 2014. AFP PHOTO