Amancio Ortega
Source of wealth: Zara
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Biography
Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.
A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.
He owns about 60% of Madrid-listed Inditex, which has seven brands, including Massimo Dutti and Pull & Bear and 5,000 stores around the world.
In 2022, after working at Inditex for 15 years, his daughter Marta Ortega Pérez became chairperson of the company.
Ortega earns more than $400 million in yearly dividends, which he reinvests primarily in real estate across Europe and North America.
Perspective on their fortune
Gold
Everyday luxury
A Amancio Ortega's fortune is equivalent to 914 of gold, but this may be difficult to value, as we don't usually have a handful of gold bars in our piggy bank.
A standard gold ring typically weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18k gold.
Based on today's gold price (not taking into account the jeweler's fee, shipping, or anything else), that gold ring would be worth $556.3
Amancio Ortega could buy 243,722,508 gold rings. That's a lot of fingers and a lot of gifts!!
And if the number of rings is difficult to visualize, all these rings would need 44 trucks to transport them, But we can be almost certain that Amancio Ortega will have enough left over to pay for the gas for those trucks.
Health
The price of life
Let's compare Amancio Ortega's fortune with the healthcare spending of a huge country
Amancio Ortega could fund the entire healthcare system of DR Congo with a population of over 105,800,000 of inhabitants for approximately 61.0 years.
But even if we compare their fortune to that of a rich country
At the other extreme, Amancio Ortega could cover the health expenditure of Luxembourg, considered the world's most heavily invested health system, for 27.0 years
Education
Buying the future
Lowest education spending
Amancio Ortega could assume the entire cost of the education system of Nigeria, the most populous country in Africa, with more than 243,000,000 inhabitants for 39.9 years.
Highest education spending
But not only could he assume the cost of a poor country, Luxembourg is considered the country with the highest per capita investment in education in the world, Amancio Ortega could pay for it in full for 54.2 years.
Research
The monopoly of progress
Lowest research spending
Amancio Ortega could fully fund the state research budget of Pakistan, the fifth most populous country in the world with more than 260,000,000 of inhabitants, for 228.3 years.
Highest research spending
But even if we compare the total wealth of Amancio Ortega with Israel, the country that currently invests the most per capita in research in the world, it could assume the total cost of the system for 5.1 years.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison