Net Worth:	$98.3 Billion
Age:	88
Born:	March 28, 1936
Gender:	Male
Height:	1.73 m (5 ft 8 in)
Country of Origin:	Spain
Source of Wealth:	Entrepreneur
Last Updated:	May 2, 2024

What is Amancio Ortega’s net worth?

Introduction

As of May 2024, Amancio Ortega Gaona’s net worth is approximately $98.3 Billion.

Amancio Ortega Gaona is a Spanish billionaire businessman.

Ortega is the founder and former chairman of Inditex fashion group which is best known for its chain Zara clothing and accessories shops.

He is the second-wealthiest person in Europe after Bernard Arnault. 

Early Life 

Amancio Ortega Gaona was born in Busongo de Arbas, Leon, Spain on the 28th of March, 1936.

He is the son to Antonia Ortega Rodriguez and Josefa Gaona Hernandez. He mostly spent his childhood in Leon. 

Ortega left school at an early age and moved to A Coruna at the age of 14.

Shortly after, he found a job as a shop hand for a local shirtmaker called Gala, which still sits on the same corner in downtown A Coruña. 

Career

Amancio Ortega grew up as the son of a railway worker and landed his first hand-made shirt job when he was 14. 

Unlike Philip Anschutz or David Thomson, Ortega didn’t have family wealth to help him start his career, so he built himself independently. 

In 1963, he founded Confecciones Goa, a business selling quilted bathrobes, which helped him earn much money. 

After marrying Rosalia Mera Goyenechea in 1966, the couple opened the fast fashion company Zara in 1975. 

The Retail Industry

Since its launch, Amancio Ortega’s Zara brand has opened stores worldwide, with 2,007 locations currently. 

In 2010, it became one of the most popular brands online when it opened its online boutique in Jordan, Austria, Ireland, Belgium, and Luxembourg. 

In subsequent years, the online boutique expanded to include the U.S., Russia, Canada, Mexico, India, Brazil, and more. 

By 2015, Zara had become one of the top global brands specializing in clothing and home designs. 

In 2021, Zara launched its first beauty line, Zara Beauty, a detergent that reduces abrasion during wash cycles. 

The same year, Zara left Venezuela following economic struggles in the country, and in 2023, it left Russia after selling the business there to Fashion and More Management. 

Zara Controversies

While not as controversial as Elon Musk nowadays, Amancio Ortega has still been in trouble throughout his career. 

In 2007, he faced backlash after a customer complained about a swastika design on a handbag that came from an outside supplier. 

Zara later faced accusations of antisemitism for selling a striped toddler t-shirt with a large yellow star on the chest. 

Although the design was supposed to be based on an old west sheriff, others felt it resembled a concentration camp uniform. 

The shirt was removed a few hours after it went up for sale, and the brand apologized for the misunderstanding. 

In 2011, Zara was accused of using sweatshops to produce products after a factory in Brazil was closed for poor labor conditions. 

A few years later, BBC News reported they had found evidence of child labor in factories in Turkey, and Zara responded that the issues had since been solved.  

Most recently, the Finnish Occupational Safety and Health Administration found illegal labor practices in four Zara stores. 

Ortega’s Other Ventures

In 2009, Amancio Ortega became part of the Inditex group, owning 59.29%, which included the Zara brands, Massimo Dutti, Bershka, and more. 

After retiring from Inditex in 2011, he purchased the Torre Picasso skyscraper in Madrid and the Epic Residences and Hotel in Miami, Florida. 

In 2017, the Spanish Association of Foundations awarded him the Philanthropic Initiative Award after he donated €300 million to cancer foundations in Spain. 

That year, he also became the wealthiest man in the world, beating Bill Gates, who has since overtaken him once more. 

In 2020, Ortega’s investment company, Pontegadea, was worth $17 billion, though he reportedly lost $10 billion due to the pandemic.

As of 2016, he owned around 60% of Inditex, the holding company for Zara and related chains. 

Amancio Ortega Net Worth

As of May 2024, Amancio Ortega’s net worth is estimated to be roughly $98.3 Billion.

Amancio Ortega’s Net Worth Over Time

Highlights 

Here are some of the best highlights of Amancio Ortega’s career:

• Founded Confecciones Goa (1972)
• Zara became a part of the Inditex group (2009)
• Ortega owned 60% of Inditex (2016

Favorite Quotes From Amancio Ortega 

“The life experiences which have made me grown as a human being, an entrepreneur and a citizen are based upon a number of principles which I deem deeply valuable: Solidarity, Understanding, Commitment, Hard-work Reliability, and Faithfulness.” – Amancio Ortega 

“We cannot limit ourselves to continuing on the path we have already opened and once again we will have to be enthusiastic and exacting in order to convert ideas and projects into reality in a world that is advancing at great speed.” – Amancio Ortega

“My true and simple desire is that, through the strategies and activities of the Foundation, the results of my life experience, both personal and professional, may reach all those members of the society who might be in special need of backing and encouragement.” – Amancio Ortega 

“The successful combination of intense expansion and renewed business efficiency has only been possible through the immense effort of our team at all levels of the organization.” – Amancio Ortega 

3 Rules for Success from Amancio Ortega 

Now that you know all about Amancio Ortega’s net worth and how he achieved success, let’s take a look at some of the lessons we can learn from him:

1. Introverts can thrive as entrepreneurs

Most entrepreneurs are extroverts, but that is by no means necessary for success.

Many great entrepreneurs are introverts, and Amancio Ortega is one of them. 

Little is known about the retail conglomerate because he makes a lot of effort to avoid talking to the press. He once said:

“You must appear three times in the newspapers: when you are born, get married, and die.” 

Don’t be discouraged if you aren’t the life of the party because you can still run a profitable business.

2. Be humble and modest

Being successful in life doesn’t mean that you can’t still be humble and modest.

Having those traits can be highly beneficial for both your professional and personal lives.

Humility has been found to help us cope better with anxiety, become better leaders and workers, have more self-control, and be more willing to help others.

3. Good things come to those who wait

Even though ten years may seem like an eternity when establishing a business, it paid off.

Patience allows you to wait, watch, and know when to act in all aspects of your life. Instead of acting inappropriately or irrationally, with patience, you can step back, regroup, and make the best decision possible.

Frequently Asked Questions

How much is Amancio Ortega worth?

Amancio Ortega’s net worth is estimated to be $98.3 Billion.
 

How old is Amancio Ortega?

Amancio Ortega was born on March 28, 1936, and is currently 88 years old.
 

How tall is Amancio Ortega?

Amancio Ortega’s height is 1.73 m, equal to 5 ft 8 in.
 

Summary

Amancio Ortega is one of the wealthiest businessmen and fashion founders in Europe.

He is behind some of the most famous brands, such as Breshka, Zara, and Tempe. 

As of May 2024, Amancio Ortega’s net worth is estimated to be roughly $98.3 Billion, making him one of the richest entrepreneurs in the world. 

What do you think about Amancio Ortega’s net worth? Leave a comment below. 

What is Philip Anschutz’s net worth? 

Net Worth:	$11 Billion
Age:	84
Born:	December 28, 1939
Gender:	Male
Height:	Unknown
Country of Origin:	United States of America
Source of Wealth:	Businessman
Last Updated:	May 2, 2024

Introduction   

Philip Anschutz is an American billionaire businessman.

Anschutz owns or controls companies in various industries, including energy, railroads, real estate, sports, newspapers, movies, theaters, arenas, and music.

In 2004, he purchased the parent company of the Journal Newspapers.

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

Early Life 

Philip Frederick Anschutz was born on the 28th of December, 1939, in Kansas.

Anschutz is the son of Marian and Frederick Benjamin Anschutz. His father was an oil tycoon and land investor.

His grandfather was an ethnic German who emigrated from Russia and started the Farmers State Bank in Russell.

He grew up in Russell, Kansas. He graduated from Wichita High School East in 1957.

In 1961, he earned a bachelor’s degree in business from the University of Kansas, where he was a member of the Sigma Chi Fraternity.

Career 

When Philip Anschutz was born, he was already one of the wealthiest people in America, the son of an oil tycoon and land investor. 

After graduating high school, Anschutz earned a bachelor’s degree in business from the University of Kansas in 1961. 

In 1970, he purchased one of the largest farming corporations in America, Baughman Farms, for $10 million. 

The following year, he bought 9 million acres along the Utah-Wyoming border, which he used to create the Anschutz Ranch. 

However, in 1978, oil was discovered in the area, and Anschutz was able to sell the rights to Mobil for $500 million. 

Land, Oil & Petroleum

After his oil discovery, Anschutz purchased land in the Western U.S., becoming one of the country’s largest landowners. 

In 1984, Philip Anschutz purchased Rio Grande Industries and, four years later, purchased Southern Pacific Railroad. 

Following the merger between Southern Pacific and Union Pacific in 1996, Anschutz became the vice-chairman of Union. 

Around the same time, he became the director of Forest Oil Corporation, the director and chairman of Qwest, and a director of Pacific Energy Partners. 

In 2001, the Bush administration upheld Anschutz’s right to drill for oil in Montana, where local Native Americans wanted to preserve rock drawings. 

Fortunately, a year later, Anschutz gave up his plans for drilling and donated his leases to the National Trust for Historic Preservation. 

Anschutz left Qwest in 2006 and, two years later, bought Xanterra Parks and Resorts, followed by the Oklahoma Publishing Company. 

Like the Elon Musk of oil and rail, Philip Anschutz has amassed billions from his business ventures. 

He has even ventured into the entertainment industry and has owned numerous American soccer teams throughout his career.

Sports & Other Ventures

Along with owning the Coachella Music Festival, Anschutz also owns some of the richest soccer teams in the United States. 

As one of the founders of Major League Soccer, Philip Anschutz has owned the L.A. Galaxy, Chicago Fire, Colorado Rapids, D.C. United, and Houston Dynamo. 

However, he only owns Galaxy after selling his stakes in the other teams he previously controlled most of. 

Anschutz has also financed the distribution of Christian-themed films, including The Chronicles of Narnia: The Lion, the Witch, and the Wardrobe. 

In addition, Anschutz has invested in the Clarity Media Group, which includes the newspapers The Oklahoman and The Washington Examiner. 

Anschutz has since trademarked the name “Examiner” in over 60 cities across the United States. 

He has also invested in Oil & Gas Clearinghouse and NRC Broadcasting, which owns radio stations in Colorado. 

In 2008, he purchased LightEdge Solutions and, in 2011, acquired Oklahoma Publishing Company. 

Outside of this, Anschutz has been active in politics and has donated to conservative think tanks, including the Federalist Society and the Heritage Foundation. 

Most recently, he was found to have donated $75k to the Attorneys General Association days after Roe v. Wade was overturned. 

While he stated he didn’t support the law’s overturning, he was still criticized for the timing of his donation.

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

How Does Philip Anschutz Spend His Money?

Philip Anschutz spends some of his money on his real estate in Colorado and other purchases. 

Philip Anschutz’s Home 

Anschutz owns a beautiful home in Denver, Colorado. 

Philip Anschutz’s Other Purchases 

Anschutz owns stakes in the Los Angeles Lakers and Los Angeles Kings and venues, including the Staples Center, O2 Arena, and the Home Depot Center.

Highlights

Here are some of the best highlights of Philip Anschutz’s career:

• Circle A Drilling (1961) 
• Journal Newspapers (2004) 

Favorite Quotes from Philip Anschutz 

“Properties like the Broadmoor diminish greatly in number over time. They flourish best if owned by a family with the values of stewardship, as opposed to seeing them as just another asset.” – Philip Anschutz

“Some of the early speculation I saw in the press was that I am a rail fan. I’m not. This is not a hobby. This is a full-time business, and a very serious one at that. We’re making this railroad work.” – Philip Anschutz

“I must have had an early leaning toward business. Not that I had an understanding of this when I was 10 years old, but when you see what can be done, the possibilities, you want to be involved in something. You want to own it.” – Philip Anschutz

“We are fortunate to employ a wealth of diverse individuals throughout our family of companies, all of whom are important to us – the only criteria on which they are judged is the quality of their job performance; we do not tolerate discrimination in any form.” – Philip Anschutz

“There is nothing magic. We own 100-percent interest of venues around the world and partial interests in ventures around the world. We own 100-percent sports teams, and we own partial sports teams. There’s no magic here.” – Philip Anschutz

3 Powerful Lessons from Philip Anschutz 

Now that you know all about Philip Anschutz’s net worth and how he achieved success, let’s take a look at some of the lessons we can learn from him: 

1. Sidelines 

Sitting on the sidelines all the time doesn’t do any good.

2. Authentic Things 

People want to do authentic things. They want to go horseback riding, fishing, shooting or searching for turtle nesting spots on the beach. 

3. Adversity 

Adversity is a considerable advantage – as long as you think of it as an advantage – because it helps you do things you never thought you could do.

Frequently Asked Questions

How much is Philip Anschutz worth?

Philip Anschutz’s net worth is estimated to be $11 Billion.
 

How old is Philip Anschutz?

Philip Anschutz was born on December 28, 1939, and is currently 84 years old.
 

How tall is Philip Anschutz?

Philip Anschutz’s height is Unknown.
 

Summary

Philip Anschutz is an American entrepreneur who was born in Russell, Kansas.

Anschutz is the founder of Quest Communications and former owner of the Union Pacific Railroad.

His media empire includes the newspaper publishing company Clarity Media Group, the cinema chain Regal Entertainment Group, and the Anschutz Film Group. 

As of May 2024, Philip Anschutz’s net worth is estimated to be roughly $11 Billion. 

What do you think about Philip Anschutz’s net worth? Leave a comment below. 

What is James Ratcliffe’s net worth? 

Net Worth:	$19 Billion
Age:	71
Born:	October 18, 1952
Gender:	Male
Height:	Unknown
Country of Origin:	United States of America
Source of Wealth:	Entrepreneur
Last Updated:	May 2, 2024

Introduction 

James Ratcliffe is a British billionaire chemical engineer turned financier and industrialist.

Ratcliffe is the chairman and chief executive officer of the Ineos chemicals group, which he founded in 1998 and of which he still owns two-thirds, and which has been estimated to have a turnover of $80 billion.

He does not have a high public profile and has been described by the Sunday Times as “publicity shy”. 

As of May 2024, James Ratcliffe’s net worth is estimated to be $19 Billion.

Early Life 

Sir James Arthur Ratcliffe was born on the 18th of October, 1952, in Manchester.

Ratcliffe is the son of a joiner father and an accounts office worker mother.

His father eventually ran a factory making laboratory furniture.

Aged ten, he moved with his family to Yorkshire, and Ratcliffe attended Beverley Grammar School and lived in Hull up to 18.

Ratcliffe graduated from the University of Birmingham with a degree in chemical engineering in 1974.

Career 

While studying for an MBA at London Business School in 1978, James Ratcliffe got his first job with the oil company Esso. 

In 1989, he joined Advent International, a US private equity group, and co-founded Inspec, which leased a BP Chemicals site in Antwerp. 

A few years later, he formed INEOS in Hampshire and bought out Inspec and the ethylene oxide facility in Belgium. 

The company quickly grew as it acquired chemical businesses from giants like BASF and BP. 

While he wasn’t one of the richest people in the world yet, thanks to his quickly growing business, Ratcliffe was well on his way! 

A Billionaire Businessman

Using his company, James Ratcliffe began buying unwanted operations from other businesses, targeting the ones with the most potential. 

In 2006, he bought BP’s petrochemical and refining company Innovene, which gave him control of plants in Scotland, Germany, Canada, Belgium, and France. 

The following year, he acquired Norsk Hydro’s polymer business, which allowed INEOS to enter the European polymer market. 

In a move Donald Trump would applaud, Ratcliffe moved the INEOS head office to Rolle, Switzerland in 2010.

This reduced the taxes it had to pay by over £100m a year, allowing him to rake in even more profits. 

However, he did open a new headquarters for his chemicals and energy group in London five years later. 

In 2018, he was named the richest man in the UK, with a net worth of £21.05 billion due to his keen business strategies. 

That said, his company has faced criticism for its poor environmental record, and it was found guilty of releasing caustic soda into the Manchester Ship Canal. 

While Ratcliffe paid a £166,650 fine, little else was done regarding the finding, though he has branched out into green initiatives. 

Ratcliffe’s Recent Business Moves

INEOS announced in February 2019 that it would invest £1 billion in UK chemical and oil, including overhauling the country’s pipeline system. 

That same year, Ratcliffe spoke out against a law that states fracking in the UK must be suspended if a 0.5-magnitude tremor is detected. 

He also founded INEOS Automotive and partnered with Magna Steyr and BMW to design a new station wagon. 

In 2021, Ratcliffe announced he would invest over £1.7 billion in electrolysis projects to help create zero-carbon hydrogen throughout Europe. 

This project is set to launch in Norway, followed by additional projects in Belgium and Germany. 

In addition, Ratcliffe has used his business to support his love of sports, purchasing a minority stake in Manchester United in February 2024. 

Now that he has a stake in one of the richest soccer teams in the world, fans are extremely interested in what the businessman plans to do. 

In addition to this, Ratcliffe, though INEOS, also funds the ENEOS Grenadiers cycling team and owns part of OGC NICE and FC Lausanne-Sport. 

INEOS also supports The Daily Mile Foundation and is a performance partner to the All Blacks, New Zealand’s rugby union.

James Ratcliffe Net Worth

As of May 2024, James Ratcliffe’s net worth is $19 Billion.

How Does James Ratcliffe Spend His Money? 

James Ratcliffe spends some of his money on his real estate. 

James Ratcliffe’s Home and Other Purchases 

Ratcliffe lives in Monaco and Hampshire.

In 2017, he built another luxury home at Thorns Beach, near Beaulieu, on the Hampshire coast, which would replace an existing two-bedroom bungalow. Ratcliffe has owned two superyachts, Hampshire and Hampshire II. His first yacht was built as Barbara Jean by Feadship. 

Highlights 

Here are some of the best highlights of James Ratcliffe’s career: 

• Chairman and chief executive officer of the Ineos chemicals group

Favorite Quotes From James Ratcliffe

“Unions can play a valuable role in large organizations where it is difficult to talk to a thousand people. They can negotiate annual pay awards with management, represent grievance cases, and explain and advise on complicated changes in employment or pension law.” – Jim Ratcliffe

“It would be nice if areas could be revitalized – like places in the U.S. such as Pittsburgh, for example, which have been transformed through shale. There you have shiny cars in a shiny city because of the development of shale in an old industrial heartland.” – Jim Ratcliffe

“Germany has great skill levels, great infrastructure, high-quality plant. If you go to the U.K., we’re very creative, and we’ve got the language, but energy costs are pretty much the most expensive in the Western world; pensions are pretty expensive, and the skills are significantly below those in Germany and the U.S.” – Jim Ratcliffe

“I think the U.K. would be perfectly successful as a standalone country, parts of the European marketplace like Norway and Switzerland but without the expensive E.U. bureaucracy.” – Jim Ratcliffe

“Brussels has become inefficient and very bureaucratic, which makes it slow to do things. The concept of the United States of Europe will never work.” – Jim Ratcliffe

3 Life Lessons From James Ratcliffe

Now that you know all about James Ratcliffe’s net worth and how he achieved success; let’s take a look at some of the lessons we can learn from him:

1. Go Your Way 

There are two types of people who will tell you that you cannot make a difference in this world: those who are afraid to try and those who are afraid you will succeed.

2. Defeats 

We may encounter many defeats, but we must not be defeated.

3. Settle

If you are not willing to risk the usual, you will have to settle for the ordinary.

Frequently Asked Questions

How much is James Ratcliffe worth?

James Ratcliffe’s net worth is estimated to be $19 Billion.
 

How old is James Ratcliffe?

James Ratcliffe was born on October 18, 1952, and is currently 71 years old.
 

How tall is James Ratcliffe?

James Ratcliffe’s height is Unknown.
 

Summary

James Ratcliffe is a British chemical engineer turned financier and industrialist who has been chairing Ineos Group.

One of the richest people in today’s UK, Ratcliffe prefers to keep a low profile. 

He is the chairman and chief executive officer of the Uneos chemicals group, founded in 1998. 

As of May 2024, James Ratcliffe’s net worth is roughly $19 Billion. 

What do you think about James Ratcliffe’s net worth? Leave a comment below.