This is the story of a man who became one of the world's richest people from being a railroad worker's son. He is mostly known as the owner of the 'Zara' brand, however, Amancio Ortega owns a chain of stores including Massimo Dutti, Pull & Bear, Bershka, Oysho, and many more brands. He's a true self-made billionaire. With his $64.5 billion of fortune, he is the world's 4th richest person. So how did that happen?
We brought this inspiring story together for you.
Ortega was born in 1936 in Spain as the son of a railroad worker.
Ortega learned tailoring in time and he opened a small shop with his family, using the skills he got from his previous job.
He created his first brand, 'Zara' in 1975, with his spouse Rosalia at the time.
What was his strategy that made him achieve such growth?
Basically, the strategy was to make cheaper imitations and different variations of whatever was popular on the runway.
Moreover, Ortega introduced the 'fast-fashion' concept to retailers.
Amancio Ortega single handedly owns 59.3% of the world's retail clothing market.
Ortega surpassed Bill Gates to become the richest man in the world.
As Europe's richest man, Ortega had earned 'world’s richest man' title more than once.
Inditex, is one of the 3 companies that was valued over $106billion.
What do we know about Ortega's personal life?
After the sudden death of his first wife Rosalia in 2013, he married Flora Perez.
Here’s how we understand how serious Ortega is when it comes to business:
Successful businessmen tend to have many real estate properties as they have an eye for good investments.
Who will take over the Empire?
There are reasons behind why Marta is the most likely candidate.
The duo are seen together in every photo that was in the press.
Will Marta be able to manage this company as successful as her father? Only time will tell.