Currently, he is general secretary and secretary of the board of directors as well as regulations compliance manager at Inditex S.A, a company he represents in various national and European forums and institutions, especially in the areas of associationism and business competitiveness, industrial property, sustainability and good corporate governance. It is not a coincidence that Inditex stores enjoy a loyal land proprietor, who never increases the rental cost. Cable News Network. Most stock quote data provided by BATS. Amancio Ortega visits the same coffee shop every day, downtown La Coruña, ordering eggs and fries for breakfast. Business. Having formed successful sewing cooperatives with the low-cost local workforce, Ortega was offering fast production clothing turnarounds. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The unique business model of Zara business, with its two golden rules of giving customers what they want as quickly as possible, is not the only one business secret of Amancio Ortega. Together with Rosalía Mera, Amancio Ortega integrated Confecciones GOA into Inditex, the holding group of a number of popular brands. Amancio Ortega Gaona life story shows that he achieved his success thanks to his self-confidence, hard work, and, of course, thanks to giving to his customers what they want. In 30 years since Inditex was founded, Amancio Ortega has become a fast fashion mogul. Factset: FactSet Research Systems Inc. 2018. Along with the career similarities, Amancio Ortega and Marta share horse riding a hobby, the loving father purchased an equestrian center in Galicia, Spain. He is currently a board member at Nestlé. The precise value of Ortega’s real estate empire is estimated at $10 billion. 2. Seduced by the state-of-the-art collections, which are meticulously cut and tailored in countries with strong traditions of sewing, famous Zara clients include Queen Letizia of Spain, the Duchess of Cambridge, Michelle Obama, Mary Berry, Olivia Palermo, Alexa Chung, Katie Holmes, Samanta Cameron, January Jones, etc. He was the youngest of four other children. The product line included: lingerie, babywear, and nightgowns. Flora Pérez Marcote (64 años) es piedra angular en la vida de Amancio Ortega (81). In 1989, Zara shop was opened in the USA, and it was introduced in London in 1998. Such an incident happened on Manhattan Avenue, where Zara white jackets were not loyally met by the clientele. On October 21, 2008, the book was published in the Spanish language under the title Así es Amancio Ortega, el hombre que creó Zara. Frozen in time, Gala, a conventional shirts maker, is still active and open on one of La Coruña’s downtown corners. The bar Zorba remained local, but Zara stores expanded to several Spanish cities by the early 1980s. Rosalía Mera Goyenechea, the first business partner and ex-wife of Amancio Ortega. Being a prime property owner, Amancio Ortega rents them to his Zara stores and correspondingly performs as his fashion business’ landlord. In 2012, Ortega asked the vice president of Inditex, Pablo Isla, to take his place of Inditex’s CEO. Mrs Flora Pérez Marcote, Mr Amancio Ortega’s wife, joined Amancio Ortega Gaona Foundation's Board of Trustees in March 2003 and was named vice chairwoman in 2005. Disclaimer. Inditex shares’ price increasing constantly, Ortega Gaona owns the holding’s 59.3 percent, currently valued at €110 ($119.54 ) billion. In 1963, he launched his first clothing company, the seed of Inditex Group. According to Forbes, Amancio Ortega’s total net worth is estimated at $73.5 billion as of December 20, 2015. The president of the Spanish Association of Fashion Designers, Modesto Lomba, believes Inditex lives in another dimension. Being in her early 30s, Marta, Ortega’s daughter from Flora Pérez, is considered to be his future successor. This institution, created thanks to his personal initiative, channels his and his family’s concern to promote the welfare of others. She spent her first stage at Inditex carrying out professional tasks in different international destinations and business areas of the group. We’ve only just started! Ortega’s progressive ideas made it possible to respond to consumer demand quickly, developing ready-to-wear fashion clothing (instead of designing haute couture collections). We hope you have enjoyed exploring Amancio Ortega Gaona biography and success story of the Inditex Group, and it has inspired you to new discoveries. Moreover, Zara refreshes its garment stocks twice a week. Zara official news corporation has presented most of them, and the other photographs of Amancio Ortega Gaona, as well as cheeseparing pieces of information, have been developed either by Covadonga O’Shea or by Xabier R. Blanco. As soon as sales staff discovered that the latest preferred cream color, the white ones were withdrawn, and the model reissued in cream tones, which in turn was a success. Amancio Ortega Gaona is the Spanish Chairman-Founder of the fashion empire, Inditex Group. Amancio Ortega Gaona was born on March 28, 1936 (the beginning of the Civil War in Spain) in Busdongo de Arbas, a small village with less than 100 citizens located in the northern Spanish region León. The latest being a local Spanish journalist who has been tracking Amancio Ortega’s career; O’Shea is Ortega’s lifelong friend, she runs a fashion school at the University of Navarra. From July 2000 to 2005, he was chairman of Altadis group. Ventured into clothing retail since early juvenility, Amancio Ortega Gaona launched his own company, Confecciones GOA, in 1963. They lived in a beggarly house at the … His brilliant business idea could have come during one of such rides, and Ortega realized that to earn good money, one should give customers what they want. Mrs Flora Pérez Marcote, Mr Amancio Ortega’s wife, joined Amancio Ortega Gaona Foundation's Board of Trustees in March 2003 and was named vice chairwoman in 2005. Being extremely poor, the Ortega family soon moved to La Coruña, Galicia, Spain, surviving due to Amancio father’s job at the local railway station. back. However, in 1986, Amancio Ortega divorced Rosalía Mera. That is the reason for no one being aware of Ortega’s first marriage date. He was later appointed managing director of the national heritage department at the Ministry of Economy and Finance. In the academic field, he has been professor of administrative law at the University of A Coruña (UDC). Amancio Ortega Gaona likes to work and rarely takes vacations. The mogul behind Zara eats lunch in the company cafeteria, sharing tables with some of the fabric experts and buyers to discuss business matters. Pero no es sólo su esposa más querida y duradera (lleva con ella 35 años, con Rosalía Mera estuvo All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 He remains open to all employees, as there are no memos and lack of computers in this hierarchically flat company, and Inditex’ employees do not have to fix appointments with Ortega long beforehand. A famous fashion blogger, Garance Dore, has coined another term – “Zaragasm,” which means being seduced by the variety of choice and fashionable message of Zara offers. Amancio Ortega’s ex-wife, Rosalía Mera Goyenechea, used to perform on the position of the president of the foundation. Amancio Ortega Gaona and Flora Perez Marcote . His mother employed as a housemaid, Amancio heard her pleading for credit at local stores, unable to afford essential items, which made him leave school and start working at the age of 14. The couple has maintained their relationship since that year. Amancio Ortega married Flora Perez in the year 2001. Used to be one of the workers of Ortega’s company, currently, she holds a board position at Inditex. He is so successful due to his distinctive personality traits, which include mind flexibility, workaholism, and profound self-confidence. Its high street competitors are known only for fashion, as opposed to Zara, which is also associated with its distinct style, a feature attracting privileged 45+ demographic with its vast disposable income. He held various positions at the Spanish Internal Revenue Service before joining Inditex in 1993 as director of the tax department. The private life of Amancio Ortega is terra incognita. Founded in 1985 and floated onto the stock exchange in 2001, the Inditex group, a Spanish clothing seller, owns Zara, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, and Bershka brands. Rupert Murdoch Biography: Success Story of Business Magnate, George Lucas Biography: Success Story of the ‘Star Wars’ Creator. Born into a working family in 1936, he began working in the textile trade at a very young age. In 2011, bidding with Tishman Speyer, the owner of London’s Tower Place, Rockefeller Center, and the Chrysler Building, for the 43-floor Picasso Tower, Madrid’s famous office building, Amancio Ortega won. Pablo Isla, the CEO of Inditex, annually announces the stable growth of the holding’s revenue. Inició su carrera profesional en Arthur Andersen, fue director de su oficina en A Coruña y responsable de auditoría y consultoría para el sector financiero y de asesoramiento en instrumentos de deuda en mercados internacionales. For the latest business news and markets data, please visit CNN All times are ET. The brand simply modifies and offers varied versions. Flora Perez. The reason for that was a complaint from the owner of a bar located nearby and called Zorba. Consejero delegado de Pontegadea, es licenciado en Ciencias Empresariales por la Universidad de Santiago de Compostela y PDD por el IESE. Amancio Ortega’s flexibility of mind has been proven by his pioneering fast fashion clothing business. The married couple never appeared together in public, nor did they let their two children, Sandra Ortega Mera and Marcos Ortega Mera, be pictured by intrusive paparazzi. The Inditex corporation has become a global fast-fashion retailer with its 137,054 professionals employed in 6,683 stores and facilities, which are currently located in 88 countries, the annual sales revenue being over €18.1 ($19.67) billion as of January 31, 2015. Amancio Ortega’s business success is tightly connected with a unique business model of the fast-fashion retailer. Mr Antonio Abril Abadín has been a member of Amancio Ortega Foundation’s Board of Trustees since it was founded it 2001. Currently, Amancio Ortega maintains both: the fast fashion retail business and his real estate investments – being compared to Sam Walton, the Wall-Mart founder, and Donald Bren, the Irvine Company owner, the most powerful one in the real estate sector. Unprivileged childhood conditions and no MBA degree obtained have apparently made Amancio the man he is: possessing an entrepreneurial spirit, deeply involved with all the business routine while keeping a low profile. Amancio Ortega Gaona with his wife Flora Pérez Marcote (left), and their daughter Marta (right). Swiss boarding school-educated Marta is the daughter of Amancio Ortega and his second wife Flora Perez, a member of staff he started an affair with while still married to his first wife Rosalia. The entrepreneur spent somewhere around $6 billion over the past decades to purchase real estate in Chicago, Miami, San Francisco, Washington, Berlin, and Paris. All rights reserved. This philanthropic foundation assists people with mental and physical disabilities to get interdisciplinary education and training. Amancio Ortega Gaona resides in La Coruña, Spain. Zara’s further international expansion came along with Inditex’ retail portfolio development: Pull&Bear and Massimo Dutti (1991), Stradivarius (1994), Bershka (1998), Oysho (2000), Uterqüe (2008). Rosalía Mera (divorciado), Flora Pérez Marcote (2001-) Filho(s) Clarice Ortega e Chiara Ortega Ocupação Empresário: Cargo Presidente e fundador da Inditex: Assinatura Amancio Ortega Gaona (Busdongo de Arbas, 28 de março de 1936) é um empresário espanhol, presidente e fundador da Inditex, grupo de empresas proprietária de marcas como Zara, Massimo Dutti, Oysho etc. Continuing to purchase real estate locations in London’s West End, Meatpacking District of NYC, Barcelona’s best shopping areas, and Beverly Hills’ Rodeo Drive, Amancio Ortega invested $1 billion within four months (December 2013 to March 2014). For Zara, the day of new clothing deliveries is Sundays and Thursdays, whereas shoes come on Tuesdays and Fridays. Moreover, Loreto García Falque, Head of Zara Studio at Inditex, reports that they never attend fashion shows, but listen to customers spotting new tastes. She has experience working as a company director since 1992. In the 1950s, an autonomous community of Spain, Galicia, was a perfect spot for his business plan: poor job alternatives in combination with numerous single women who could sew pretty good. Pilar Ortega Gaona. Ms Marta Ortega Pérez, Amancio Ortega and Flora Pérez Marcote’s daughter, has been a member of Amancio Ortega Foundation’s Board of Trustees since 2015. There arise failures from time to time, being removed from stores as soon as detected. He is executive vice chairman of Pontegadea Group, vice chairman of Inditex and a member of various boards of directors as a representative of Pontegadea as well as a member of the board of trustees of several foundations. Known for having been publicists’ mystery for decades, Amancio Ortega is a true media nightmare, as neither Spain’s richest man nor any of his relatives have ever given public interviews. She has experience working as a company director since 1992. The two key ideas of this business model are to give customers what they want as quickly as possible. Amancio Ortega is still performing as the central muse and inspiration for the whole corporation. The customer has always driven the business model... – Amancio Ortega Gaona, We cannot limit ourselves to continuing on the path we have already opened… – Amancio Ortega Gaona, analyst at Barclay’s, Christodoulos Chaviaras, believes, Die of success? A WarnerMedia Company. Together with his first wife, Rosalía Mera, Ortega founded The Paideia Foundation in 1986. Se incorporó en 2003 a Pontegadea como responsable de inversiones inmobiliarias internacionales y de carácter financiero. In 2001, he married Flora Pérez Marcote having a love affair with her since 1983. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. under which this service is provided to you. At the age of 16, Amancio Ortega was pondering on how to figure out potential client desires and, what is even more important, meet that demand. Inditex has not heard about the crisis, Amancio Ortega taking advantage of the Spanish economic default to acquire locations for deep discounts. They lived in a beggarly house at the railway workers’ quarters. The unemployment in Spain being at a critical level even in 2015, the trough of the crisis fell in the year 2007, when all Spanish corporations downtown’s offices in Barcelona, Madrid, and Bilbao, sold their properties and moved out. Mr José Arnau Sierra has been a member of Amancio Ortega Foundation’s Board of Trustees since it was founded it 2001. However, Covadonga O’Shea has been granted the right to develop Ortega’s official biography. Born into poverty, Ortega Gaona has accumulated enormous wealth, modesty, and openness, remaining his main personality traits. Spanish businessman Amancio Ortega Gaona became Europe's richest man after founding the successful global fashion chain Zara in 1975. Each employee of Zara is trained to keep an eye on clients’ styles, requests, and selling trends. Amancio Ortega Gaona was born on March 28, 1936 (the beginning of the Civil War in Spain) in Busdongo de Arbas, a small village with less than 100 citizens located in the northern Spanish region, León. Mr Pablo Isla Álvarez de Tejera joined Amancio Ortega Foundation's Board of Trustees in 2005, the same year he was named vice chairman and CEO of Inditex. Designers usually create three models a day, and analysts, together with patternmakers, choose one item from each set. The founder of the bathing robes business organized Confecciones GOA into a family company. However, at the age of 79-years-old Amancio Ortega travels daily to the headquarters, 10 miles away from his home place, showing no sign of being less interested in the further international expansion of his brands. There are approximately 50 Zara storefronts in the US, 2,000 in Spain, and about 350 in China. Financial magazines report the fashion business allowed Ortega to become the owner of real estate holdings in London, Paris, Madrid, and Lisbon, as well as Miami luxury accommodations. Through the company Pontegadea which he chairs, he has a majority stake in Inditex. Marta is very close to her father; similar to Ortega’s experience, she has undergone her professional training at Inditex, starting from the lowest level of a store employee. For instance, Zara is known for its 12,000 new designs developed and distributed annually, speed being the retailer’s driving force. Amancio Ortega’s first job was a shop assistant at a local company called Gala, where he learned to make clothes by hand. They have a daughter named Marta. His flying fear also motivates Ortega to devote a few weeks a year to hiking pilgrimage tours along Galicia. While at home, declining extravagant hobbies, Amancio Ortega is fond of rearing chickens and goats, as well as meeting his grandchildren at his Spanish villa. Being extremely poor, the Ortega family soon moved to La Coruña, Galicia, Spain, surviving due to Amancio father’s job at the local railway station. They say Ortega might see a motorbiker at traffic lights who was wearing a hand-made jeans jacket decorated with occasional patches, and the next moment Amancio would call one of his designers to describe the garment he has recently spotted to have it in the next Zara collection. He is currently chairman of the Social Council at UDC and of the Social Council Conference of Spanish Universities. A new Zara store, for example, opens on a daily basis somewhere in the world; and the 6,000th store of Inditex’ was launched on Oxford Street, London, a few years ago. Most manufacturing factories located still in Spain and its neighboring countries, the Inditex Group has its production in China and Morocco as well, which makes it possible to increase the production overnight. Selling traditional shirts, caps, and cardigans, José Martínez, who inherited the Gala business from his father, has recently reported that the visitors never buy, they simply ask about his youth friend, Amancio. The fast-fashion empire would have been impossible to build unless Ortega has ripped up the traditional haute couture business model to replace it with his own unique one, refined over decades. These two basic rules to give customers what they want, and deliver the orders with the motorway speed, have assisted Amancio Ortega in building the fashion empire. All rights reserved. Every Tuesday and Friday works for Bershka and Pull&Bear. In 1988, after the Inditex Group was formed, Ortega opened the first Zara shop in Portugal, where he found the working force to be even cheaper than in Spain. All Rights Reserved. He never visits resorts for millionaires, Greece being his rare vacation choice. Morningstar: © 2018 Privacy Policy. In this success story, we are going to share Amancio Ortega Gaona biography, a Spanish fashion entrepreneur and the co-founder of Industria de Diseño Textil, S.A. (Inditex), which includes prêt-à-porter fashion chains such as Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterqüe. Amancio was responsible for developing new fashion trends, Antonio (his brother) was heading the commercial issues, Josefa (his sister) was responsible for bookkeeping, and Rosalía Mera Goyenechea (January 28, 1944 – August 15, 2013) was performing as his business partner. Sandra Ortega Mera is the daughter of Ortega. Workers iron jackets at ZARA manufactury facilities, Arteixo, La Coruña, Galicia, Spain. In 1963, he took the advantage of the economic environment and founded the company GOA.In 1975, Zara was formed. Ortega’s Children – Sandra Ortega Mera, Marcos Ortega Mera, Marta Ortega P’erez Sandra Ortega Mera. He holds a law degree from Universidad de Oviedo. He has been chairman of this company since 2011 when he replaced Mr Amancio Ortega. These experts apply reports from local managers to compile appropriate to customer habits collections. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. He was the youngest of four other children. His $556-million offer was accepted, and Amancio Ortega Gaona paid all-cash. Since 2005, she has been a member of Inditex’s board of directors as a representative of Pontegadea, where she is the first vice chairwoman. Entre 2010 y 2013 fue miembro del consejo de administración de NH Hoteles en representación de Pontegadea. Loyal Inditex’ customers also know the best days to purchase items from new collections. Several factories being acquired in Spain, Amancio Ortega opened his first storefront in La Coruña downtown, called Zorba, in 1975. Flora Pérez Marcote. Holding a law degree from Universidad Complutense de Madrid and a government attorney, between 1992 and 1996 he was the director of legal services at Banco Popular. He is a government attorney currently on leave. To save their customers from identically dressed fashion twins, Zara never reproduces its hits. Despite his wealth, Ortega has never had his personal office, as he enjoys working together with other designers in the open-plan space developing new trends, and discussing new colors and fabrics. Known to be publicity discreet, Amancio Ortega spends millions of dollars to protect the privacy of his life. Moreover, in 2014, Ortega purchased another $60-million stake (the first one cost $105 million) in Barcelona’s prime real estate, which hosted the Apple flagship store. Es auditor miembro del ROAC desde 2001. Commercial experts usually possess regional expertise, being from varied backgrounds. Give me a break! His outfits’ preferences are as modest as his lifestyle: no tie, a simple white shirt, a blue uniform blazer, and gray trousers, – none of those branded. – Amancio Ortega Gaona, Quirky Punk Baby Clothing by Katie Bennett, Roman Kirigetov: Success Story Of Small Task Outsourcing Marketplace, Ingvar Kamprad Biography: Success Story of IKEA Founder, Arthur Guinness Biography: The History Of Guinness Beer, Daniel Swarovski Biography: Crystal Stones That Shine Like Diamonds, Audrey Hepburn Biography: Success Story of an Iconic British Actress, Freddie Mercury Biography: Success Story of a British Singer-Songwriter, Andy Warhol Biography: Success Story of a Great American Artist, Sheldon Adelson Biography: Success Story of an American Entrepreneur. Such acquisitions are usually made through Pontegadea Inmobiliaria and Pontegadea Inversiones, Ortega’s real estate holdings. However, those brutal schedules, the fashion industry has never attempted to keep to, are not always flawless. Picasso Tower, a skyscraper in Madrid, Spain purchased by Amancio Ortega Gaona for $556 million in 2011. and/or its affiliates. According to the legend, Amancio Ortega’s habit is to behold young people’s lifestyles to reproduce relevant, innovative designs at Zara. In 1966, Amancio Ortega married Rosalía Mera. Zara is now part of a wider group of fashion labels under parent company, Inditex (IDEXY), along with brands Pull&Bear, Massimo Dutti and Bershka. Morningstar, Inc. All Rights Reserved. The Man from Zara: The Story of the Genius Behind the Inditex Group, the latest authorized biography of Amancio Ortega written by Covadonga O’Shea. During his day-to-day, he combines his work at Inditex and his role as a member of the board of this company with his roles as chief executive of Pontegadea Group and chairman of the Amancio Ortega Foundation. All Rights Reserved.Terms She has had a long career at Inditex Group and has always worked there, managing areas related to design and purchasing products. It is a known fact that the overall amount of pictures with Amancio Ortega, who has been avoiding the limelight during his whole life, cannot amount even 200 ones. Xabier R. Blanco and Jesús Salgado co-authored the non-official biography of Amancio Ortega Gaona, called Amancio Ortega, de cero a Zara, published on February 17, 2004. However, known to be his first business partner, it was Rosalía Mera, who became Ortega’s first wife. In March 2012, the book was published in the English language under the title The Man from Zara: The Story of the Genius Behind the Inditex Group. Recognized with the Order of Civil Merit in 2009, Mr. Ortega is the president of the organization, and Flora Pérez Marcote, his younger daughter, serves as the vice president. Do Not Sell, Facebook's surge adds to Zuckerberg's billions, You Can Still Buy This "Millionaire Maker" Stock, Bitcoin Up 30,000X -- Here's Your Backdoor In, This Stock Could Be Like Buying Amazon for $3.19. Lo contó Cecilia ... Marta (31 años) también es vicepresidenta de Gartler y Partler, las empresas con las que Amancio Ortega controla Inditex. Staff review items from the latest range at Inditex Headquarters, Spain. In 1963, having gained ten years of managing sewing cooperatives experience, Amancio Ortega Gaona founded his first company, Confecciones GOA, S.A. (his initials if to read backward). Ex-employees of the sewing cooperatives ran by Ortega shared with media how thrilled the Galicia ladies were to get that job with great conditions, and how excited they were to see their boss being very close to the workers. © 2020 next . At Stradivarius and Massimo Dutti, new garments arrive on Tuesdays and Thursdays. She was born to Rosalia. Fellow citizens often see Ortega walking along Plaza Maria Pita. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. That is why, Zara factories look like a well-oiled machine, where hundreds of designers and sales analysts co-operate in an open space floor, organized around these two principles, namely the delivery speed and a customer-orientated approach. Despite his fashion business, Amancio Ortega has no interest in wearing brands himself, being seemingly the only person who does not wear Inditex’s garments. The Paideia Foundation received many awards since the beginning of that charitable project, Amancio Ortega introduced another non-profit organization in 2001. Amancio Ortega Gaona imposed a golden rule back in the 1970s, which states to receive new orders within 48-hours’ time period. These 10 power couples are each worth tens of billions of dollars, making Beyonce and Jay-Z look middle class in comparison. D. Roberto Cibeira se incorporó al Patronato de la Fundación Amancio Ortega en 2020. She is 18 years younger than Amancio. A retail analyst at Barclay’s, Christodoulos Chaviaras, believes the company is challenging itself to operate faster. Named after Ortega and his first wife’s favorite movie, the store soon changed the name Zorba into Zara. The textile empire owner lives quite a modest life residing in his native La Coruña, the Galician town with approximately 300,000 citizens located on the North Atlantic’s windswept coast. Apart from the business activities, Amancio Ortega invests in charity. Mr Amancio Ortega has chaired the board of trustees of the foundation that bears his name since it was founded in 2001. Ortega started to organize women into sewing cooperatives. © 2019 Astrum People. His popular clothing and accessories line, Zara, is well known around the globe.Ortega is the Third Richest Person In The World according to Forbes.. She has had a long career at Inditex Group and has always worked there, managing areas related to design and purchasing products. Working hard at his teens, Amancio Ortega enjoyed riding his bicycle around the town, whenever he had free time. Creator of Zara (1975) and chairman of Inditex until 2011, he is currently still a member of its board of directors. She began her professional career at Inditex in 2007 after graduating with a degree in international business from European Business School, a constituent school of Regent’s University London. Their clothing business was the only affair they were busy with. Called Fundacion Amancio Ortega, it is a private NGO aiming to promote science, research, education, social action, culture, and welfare. He has been the chief executive of Pontegadea since it was founded in 2001. Amancio Ortega’s business portfolio, which has made his net worth, includes not only fashion, but also some additional investments, such as gas, banks, tourism, and worldwide real estate holdings. He holds a law degree from the Universidad de Santiago de Compostela and he is a state tax inspector. By 2000, the Inditex brands were distributed in over 30 international markets. Due to the business model described and a Zaragasm influence, very few companies are able to compete with Inditex. Currently, her work at the company is carried out in Zara Woman and mostly has to do with product design and development.

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