⬅ # 13 Carlos Slim Helu|# 15 Michael Dell

# 14 Amancio Ortega 

$99.8B

Real Time Net Worth
as of 4/12/2024
$5.8M (0.01%)

# 14 Amancio Ortega 

$99.8B

Real Time Net Worth
as of 4/12/2024
$5.8M (0.01%)
OccupationFounder and Chair, Inditex
Source of WealthZara
Age88
ResidenceLa Coruna, Spain
Marital StatusMarried
Children3
Age-Adjusted Net Worth$15.0B
Amancio Ortega
Amancio Ortega
Spain
Net worth: $99.8B

Self-Made Score 

Wealth History

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Biography

Amancio Ortega Gaona was born on March 28, 1936, in Busdongo de Arbás, León, Spain.
He is the founder of Inditex, one of the world's largest fashion retailers and parent company of popular brands such as Zara, Pull&Bear, and Massimo Dutti.
Ortega started as a shirtmaker and founded the first Zara store in La Coruña, Spain, in 1975, introducing a revolutionary 'fast fashion' concept.
Under Ortega's guidance, Zara expanded globally, and Inditex became known for its vertically integrated supply chain, enabling rapid production and distribution of trendy, affordable fashion.
Ortega is known for his reclusive nature and hands-on approach to business, rarely giving interviews or making public appearances.
In 2011, Inditex surpassed the market value of other fashion giants, making it the world's largest fashion retailer by market capitalization.
Ortega stepped down as Inditex's chairman in 2011 but retained a significant stake in the company.
In addition to fashion, Ortega invested in real estate, owning properties like the iconic Torre Picasso in Madrid through his investment firm Pontegadea.

How long would it take you to become as rich as Amancio Ortega?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Amancio Ortega's net worth of $99.8B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Amancio Ortega is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Amancio Ortega, Zara is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey