Amancio Ortega

Who is the former richest man on Earth, Amancio Ortega?

Have you ever been to the Zara clothing store? Well, that’s all Amancio’s. Before Amazon and Tesla CEOs Jeff Bezos and Elon Musk arrived, Ortega was the richest man on Earth. Watch the video about his life, below.

  • Ortega´s dad was a railway worker, and he started working on a clothing store with 14 years old in La Coruña, Spain.
  • There, he learned to make clothes by hand He worked hard, selling from door to door until he made enough money for renting a store.
  • Inditex, his conglomerate includes nowadays brands like Zara, Pull & Bear, Massimo Dutti and gave him a net worth of almost 80 billion dollars.

Amancio grew his portfolio and diversified his businesses, buying premium real estate around the world and focusing in American cities like New York, Chicago and Miami.

Amancio Ortega, the former richest man on Earth

The company vision was to be not only the seller, but also the producer and distributor. At the start of the pandemic, he decided not to fire any worker from his company. They thanked him with an emotional thank-you video that left him in tears.

Brands of the Inditex Group

Apart from leaving his sons and grandchildren with great wealth, he can always tell the story of how in 2015 he was, shortly, the richest man on earth after taking over the spot of Microsoft’s CEO, Bill Gates. Not bad for a guy who started selling underwear door to door!

What would you do with so much money? Leave your comments below.

Bruno Wahrmann Lockhart

Digital Media Expert. Journalist. Former TV host. University of San Diego Alumni. 6′ 4″ but my mom still calls me 'tiny'+ info

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