
Reported net worth
$142B
Source: Celebrity Net Worth · verified Oct 13, 2026
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Amancio Ortega Gaona was born on March 28, 1936, in Busdongo de Arbas, Spain. His father was a railway worker and his mother a domestic worker. Due to his family's economic hardships, Ortega left school at the age of 14 to work as a delivery boy for a shirtmaker in A Coruña. This early experience in the retail garment industry provided the foundational knowledge of manufacturing and supply chain dynamics that would later drive his business model.
In 1963, Ortega founded his own manufacturing company, Confecciones GOA, which initially produced bathrobes. Together with his then-wife Rosalia Mera, he continued to refine his production methods. In 1975, they opened the first Zara store in A Coruña, which allowed them to sell directly to consumers. This integration of design, manufacturing, and distribution proved to be a revolutionary shift in the textile industry, enabling the brand to respond rapidly to shifting fashion trends.
Ortega went on to found the Inditex group in 1985 to serve as a holding company for Zara and his expanding portfolio of retail brands. Throughout the 1990s and 2000s, the company engaged in aggressive international expansion, establishing stores across Europe, the Americas, and Asia. His ability to maintain centralized production in proximity to the company headquarters in Spain while utilizing a sophisticated logistics network allowed Zara to maintain its status as a pioneer of the fast-fashion industry.
Today, Inditex is one of the world's largest fashion retailers, encompassing brands such as Pull&Bear, Massimo Dutti, and Bershka. Despite his immense success and status as one of the wealthiest individuals in the world with a reported net worth of 142 billion dollars, Ortega is known for maintaining a highly private personal life. He stepped down as chairman of Inditex in 2011, though he continues to exert influence through his significant shareholdings and maintains an active role in various real estate and philanthropic ventures.
1963
Founding of Confecciones GOA
Ortega started his first clothing manufacturing business, Confecciones GOA, producing quilted bathrobes in A Coruña.
1975
Opening of the First Zara Store
He opened the first Zara retail outlet in downtown A Coruña, Spain, offering affordable high-fashion designs.
1985
Creation of Inditex Holding
Ortega established Inditex as a holding company to consolidate Zara's growing retail network, manufacturing plants, and distribution centers.
1988
International Expansion into Portugal
He launched Zara's first international retail location in Porto, Portugal, initiating the global expansion of the brand.
2001
Inditex Initial Public Offering
Ortega took Inditex public on the Spanish stock market, significantly increasing his net worth and global prominence.
2011
Step Down as Chairman
He officially stepped down as chairman of Inditex, handing the leadership transition over to CEO Pablo Isla.
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