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Amancio ORTEGA GAONA

Primary Position:
Founder
Primary Company:
Industria de Diseno Textil (Inditex)
Estimated Net Worth:
At least $83.5 billion
Source of Wealth:
Self-Made
Age:
81
Birthday:
28 March 1936
Religion:
Christian
Nationality:
Spain
Hometown:
Busdongo, Castilla y Leon, Spain
Marital Status:
Married

Biography

Native of Busdongo, Castilla y Leon, Spain, Ortega was born in 1936. Ortega left school at the age of fourteen to begin working as a delivery boy for a local shirt maker. He later became a draper's and tailor's assistant. In the late 1960s, while managing a local clothing shop, he started designing dressing gowns, housecoats and lingerie from home. In 1963, he opened his first factory, and two years later, in 1965, he established Confecciones Goa, a textile manufacturer and marketer. In 1975, ...

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Education History

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Interesting Facts

Ortega owns the luxury waterfront condo and hotel, Epic Residences & Hotel in Miami, Florida, through his real estate arm, Pontegadea Immobilaria. In December 2012, he purchased the Torre Picasso skyscraper in Madrid from billionaire Spanish businesswoman Esther Koplowitz and in January 2015, a nine-story building at 32 Gran Via, also in the Spanish capital, for a reported $450 million. In December 2016, Ortega acquired Southeast Financial Center, an iconic office building in Miami, U.S. with $500 million.

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Interests, Passion, Hobbies

Kind of Interests, Passion and Hobbies: Aviation
Description: Owns an ultra-long range business jet, a Bombardier Global Express BD700.

Kind of Interests, Passion and Hobbies: Philanthropy
Description: In 1986, he co-founded the Paideia Galiza Foundation, which donates primarily to the mentally and physically challenged. In 2001, he established the Amancio Ortega Foundation which gives primarily to social and healthcare causes.

Kind of Interests, Passion and Hobbies: Art
Description: Reportedly owns an extensive collection of modern art, including various works by Spanish painter Joaquin Sorolla, known for his portraits, landscapes and works dealing with social and historical themes.

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Philanthropy

Giving Profile: Founding Chairman and President of the Amancio Ortega Foundation, a personal initiative of Ortega whose lines of action are mainly intended towards the fields of education and social aid. Every year, along with the Barrie Foundation, Ortega's foundation sponsors 75 secondary school scholarships to enable students in schools throughout Galicia to spend a year studying in the U.S. In October 2012, the Amancio Ortega Foundation donated $22 million to Caritas, a charitable organization of the Catholic Church, supporting societal development and fostering the traditions of charity and social work. In addition, the foundation also donated $11 million to fund educational programs through the Entreculturas Foundation. Ortega also co-founded the Paideia Galiza Foundation, which donates primarily to the mentally and physically challenged. In March 2017, the Amancio Ortega Foundation pledged to spend $344 million to acquire the latest breast cancer-screening technology for public hospitals across Spain.

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