What is Amancio Ortega’s Net Worth?
Amancio Ortega Gaona is estimated to have a net worth of approximately $65.9 trillion as of 2022.
He is a Spanish billionaire entrepreneur. Ortega is the founder of Inditex Fashion Group and was previously its chairman. He is best-known for Zara clothing, accessories, and other shops.
After Bernard Arnault, he is Europe’s second-wealthiest individual.
Early Life
Amancio Ortega was born on 28 March 1936 in Busongo de Arbas (Leon, Spain). Josefa Gaona and Antonia Ortega Rodriguez are his parents. His childhood was spent mainly in Leon.
Ortega, at the tender age of 14, left school and moved to A Coruna. He worked as a shop hand at Gala, a local shirtmaker. It still stands on the same corner in downtown A Coruna.
Career
Amancio Ortega founded Confecciones Goa in 1972, to sell quilted bathrobes.
He opened his first Zara shop with Rosalia Mera a few years later.
Zara was part of the Inditex group in 2009, of which Ortega owned 59.52%. Other than over 6,000 stores, the brand Zara, Massimo Dutti, and Oysho were included.
His 2000 public appearances as part of the warm-up before his company’s stock market debut in 2001 made headlines in Spanish financial media. Ortega was the only one to be granted interviews by three journalists.
Ortega, the Zara parent company, announced his impending retirement from Inditex in 2011. He stated that he would be asking Inditex vice president and CEO Pablo Isla for his position.
He owned approximately 60% of Inditex as of 2016, which is the holding company of Zara and other chains.
Highlights
These are the top highlights of Amancio Ortega’s career:
- Founded Confecciones Goa (1972)
- Zara became a part of the Inditex group (2009)
- Ortega owned 60% of Inditex (2016)
Three Rules to Success by Amancio Ortega
Now that you’re familiar with Amancio Ortega and his net worth, let’s look at some of the lessons he has taught us.
1. Entrepreneurs are a great option for introverts
Although most entrepreneurs are extroverts, it is not necessary for them to succeed. Many successful entrepreneurs are introverts, and Amancio Ortega is just one example.
You don’t have to be the life and soul of the party if you’re not the star of the show. Your business can still be profitable.
2. Be humble and modest
You don’t have to be a success in your life, but that doesn’t mean you shouldn’t be humble or modest. Having these traits can prove to be very beneficial in your personal and professional lives.
Humility is a trait that can help us deal with anxiety better, be better leaders and workers, show more self-control and be more willing and able to help others.
3. Waiting is a good thing.
Although it may seem like a long time, 10 years is hardly enough to establish a business. However, it was definitely worth it.
You can be patient in every aspect of your life. Be patient, instead of acting irrationally or inappropriately, and you will be able to take a step back, regroup, then make the best decisions.
Favorite Quotes From Amancio Ortega
“The life experiences that have helped me grow as an individual, entrepreneur, and citizen are based on a few principles which I consider deeply valuable: Solidarity. Understanding. Commitment. Hard-work Reliability. Faithfulness.”
“We can’t limit ourselves to following the same path that we have already blazed and we will need to be passionate and exactive again to turn ideas and projects into realities in a world moving at great speed.”
“The combination of intense growth and renewed business efficiency was only possible because of the tremendous effort of our entire team.”