Amancio Ortega Height, Weight, Religion, Net Worth, Age, Biography

About (Profile/Biography):
Ortega was born on March 28th, 1936, and became a billionaire businessman within a few years. He founded the Inditex fashion group and included popular brands such as Zara, Massimo Dutti, and Pull & Bear. His career in the fashion industry began as a delivery boy for a local clothing store and grew into one of the world's wealthiest men. As one of the most influential people in the fashion industry, Ortega is known for his low-profile and modest lifestyle. However, over $70 billion is estimated to be his net worth as of 2021.
Amancio Ortega Career:
1963: Amancio Ortega initially worked as a delivery boy for a clothing store in Galicia, Spain, where he acquired invaluable fashion knowledge.
1975: Amancio Ortega founded the Zara store, a company that made quilted bathrobes with his wife, Rosalía Mera. A factory and a network of local stores were added to the company within a short time.
1985: Amancio Ortega founded Inditex, his most significant business venture. As the company's first store, Zara opened in Spain, offering trendy fashion at affordable prices.
1988: The company expanded internationally, opening its first store outside Spain in Oporto, Portugal. With this move, Inditex began a global expansion that would open stores in more than 90 countries.
2001: Amancio Ortega became the richest man in the world after Inditex went public. Spanish history was made when the company raised more than $2 billion in its initial public offering.
2007: Amancio Ortega stepped down as Inditex's CEO, and Pablo Isla were appointed to replace him. He continued to serve as chairman of the company, however.
2011: Amancio Ortega said he would ask Inditex vice-president and CEO Pablo Isla to succeed him as CEO of Zara's parent company, Inditex. Approximately €20 million was donated to Caritas Internationalis by Ortega in 2012.
Amancio Ortega Controversies:
Tax Avoidance: Amancio Ortega is accused of minimizing his tax bill by using tax havens. He set up a complex network of offshore companies in the British Virgin Islands to avoid paying taxes in Spain, it was revealed in 2011.
Labor Rights: Inditex, founded by Amancio Ortega, has been accused by critics of exploiting its workers in Bangladesh and China. Low wages and long hours are alleged to be the norm in these countries for workers.
Amancio Ortega Unknown Facts:
Amancio Ortega met Flora Pérez while working at a clothing store in La Coruña, Spain. The couple has two children together.
Amancio Ortega is a major philanthropist and has donated millions of dollars to various causes over the years. He also set up the Amancio Ortega Foundation to promote education, science, and social welfare.