Amancio Ortega is 89 years old and this is the millionaire figure that charges every day of Inditex

Amancio Ortega, founder of Inditex, moved back token this week. The Galician businessman continues to expand his investment portfolio, entering strategic sectors beyond his usual activity. He has done it this time through his Pontegenda investment arm, where he acquired 49% of PD Ports, a company that manages 11 key ports in the United Kingdom. A purchase that, clearly, will report substantial benefits after also reporting an increase of more than 45% of its assets.

Just because; With 89 years, Amancio Ortega is the richest man in Spain, and no matter how much difference, in addition. The founder of Inditex, the well -known textile company, has a heritage valued today at 120.2 billion euros, which positions him at the head of the ranking for the tenth time consecutive in Spain and in the ninth place of the world. In our country their daughter Sandra, Rafael del Pino, president of Ferrovial; Juan Roig, president of Mercadona, and Isak Andik, president of Mango, according to the list of Forbes Spain.

Amancio Ortega receives 8.5 million euros every day from Inditex

Inditex has revalued 106% in the last five years. Ortega has not sold any Inditex action since 2001, the year of his IPO. All this makes him win substious millionaire amounts over time.

And not only per year, but also per day. And, only in dividends, Amancio Ortega receives 8.5 million euros every day from Inditex, which would be 3,104 million euros a year. This figure increased by 28% more than last year, where it took 2,845 million, and twice as much as in 2020.

A heritage that of Ortega that does not stop growing and is largely thanks to the fruits that this company, Inditex, of which he is the first shareholder. The company groups under this name known brands such as Zara, Massimo Dutti, Bershka, Pull & Bear or Stradivarius.

This was the beginnings of Amancio Ortega with Inditex, an empire that does not stop growing

Born in 1936 in the Leonese town of Busdongo de Arbas, his father’s railway profession would lead the family to be in Guipúzcoa. His next destination would be Galicia, where Amancio Ortega would take his first steps in the fashion world.

Amancio was already a tireless worker and also a born entrepreneur who did not want to continue working for others and dreamed of setting up his own business someday. Therefore, at night, when they arrived home, his wife and he began to design and create their own models. The idea was not to get extra money, but to put the foundations of its own company, a project that materialized in 1963.

Then, their last names gave their first company, Goa, a clothing workshop that in 1975 derived in Zara. His first store opened in A Coruña, at number 64 on Juan Flórez Street. Shortly after it would be reinforced with a new workshop in the nearby Arteixo, since then converted into the epicenter of the group’s operations.

Constancy and intuition, the foundations of its success

10 years later, Zara began its international expansion, with openings in Porto, New York and Paris where, with the increase in the volume of activities of the company, in 1985 he chooses to create the group that is today Inditex.

An empire was born, cemented in the ability of its founder to detect and create trends in the fashion world and, above all, to transfer them with extreme speeds to stores. A process for which Zara needs just three weeks, when its competitors required several months, which allowed the company to quickly leave its competitors behind.

Unlike other magnates such as Elon Musk, who enjoys prominence and social networks, Amancio Ortega has always opted for silence and strategy. Without eccentricities or great headlines, its success has been based on constancy and intuition in business. His life remains away from the show and focused on his personal interests, such as riding and art, in addition to his unbreakable link with Galicia.