Friday 15 November 2013

3. Amancio Ortega

Posted at  03:34  |  in  World Richest man


  • Net Worth: $57 B                                                                       
  • Source of Wealth: Zara                                                                
  • Citizen: Spain
  • Age: 77

Spain's Amancio Ortega is the year's biggest gainer, up $19.5 billion. He moves into the top three among the world's richest for the first time. He stepped down as chairman of Inditex, best known for its Zara brand, in 2011, but still owns nearly 60% of its shares, which soared 50% year-over-year on record profits. Ortega also has a real estate portfolio, much of it acquired at bargain prices during the financial downturn, estimated to be worth more than $4 billion.

In December 2012, Spanish media reported that Ortega paid half a million dollars to prevent paparazzi from publishing photos of his daughter Marta and her equestrian husband Sergio Alvarez on their honeymoon in Cambodia and Australia. Marta, who works for Inditex, is reportedly expecting a baby boy.

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