Connect with us

Entrepreneurs

Amancio Ortega Net Worth

Published

on

Amancio Ortega Net Worth

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:Oct 7, 2024

What is Amancio Ortega’s net worth?

Introduction

Amancio Ortega is a Spanish billionaire businessman with an estimated net worth of $98.3 Billion.

Ortega is the founder and former chairman of Inditex fashion group, 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

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

 

Amancio Ortega’s Net Worth Over Time

YearNet Worth
2009$18.3 Billion
2010$25 Billion
2011$31 Billion
2012$57.5 Billion
2013$57 Billion
2014$64 Billion
2015$64.5 Billion
2016$67 Billion
2017$71.3 Billion
2018$70 Billion
2019$62.7 Billion
2020$55.1 Billion
2021$77 Billion
2022$59.6 Billion
2023$77.3 Billion
2024$98.3 Billion

 

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

 

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. 

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. 

John is a professional accountant with a passion for writing. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. He’s worked and partied with the rich and famous from around the world, getting an inside look at the secretive lifestyles of high-net-worth celebrities.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Entrepreneurs

Carlos Ghosn Net Worth

Published

on

Carlos Ghosn Net Worth

What is Carlos Ghosn’s net worth?

Net Worth:$120 Million
Age:70
Born:March 9, 1954
Gender:Male
Height:1.70 m (5 ft 7 in)
Country of Origin:Brazil
Source of Wealth:Entrepreneur
Last Updated:Oct 7, 2024

Introduction 

Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million. 

Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.

 

Early Life 

Carlos Ghosn was born on the 9th of March, 1954, in Porto Velho, Brazil.

He did his secondary studies in Beirut, Lebanon, at Collège Notre-Dame de Jamhour.

Ghosn graduated from École Polytechnique in engineering in 1978 and his postgraduate studies from the École des Mines de Paris.

 

Career

After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France. 

In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America. 

Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to the hyperinflation in Brazil. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989. 

 

Rising Through The Ranks

In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company. 

Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999. 

While maintaining his previous roles, Ghosn became Nissan’s COO and was named its president in 2000 and CEO in 2001. 

Ghosn was able to turn Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division. 

In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously. 

While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.

 

Ghosn’s Recent Business Deals

Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman. 

In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017. 

Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman. 

After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto. 

However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company. 

At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned. 

In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.

 

Carlos Ghosn Net Worth

In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million. 

 

Highlights 

Here are some of the best highlights of Carlos Ghosn’s career: 

  • Ghosn is the chairman/CEO of Renault, AvtoVAZ, Nissan, and Mitsubishi Motors
  • He was ranked as one of the 50 most famous men in global business and politics (2003) 

 

Summary

Carlos Ghosn is a French-Lebanese-Brazilian businessman known as the “Le cost killer” and “Mr. Fix It”.

Thanks to his turnaround success at Nissan, Carlos gained celebrity status in the business world and was ranked as one of the 50 most famous men in global business and politics in 2003. 

What do you think about Carlos Ghosn’s net worth? Leave a comment below. 

Continue Reading

Entrepreneurs

Rich Barton Net Worth

Published

on

Rich Barton Net Worth

What is Rich Barton’s net worth? 

Net Worth:$2.1 Billion
Age:57
Born:June 2, 1967
Gender:Male
Height:Unknown
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:Oct 7, 2024

Introduction 

Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion. 

Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover.

Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.

 

Early Life 

Richard Barton was born on the 2nd of June, 1967, and raised in New Canaan, Connecticut.

Barton is the son of a teacher and mechanical engineer. 

Barton graduated from Standford University in 1989. He then started working for Alliance Consulting Group and Microsoft in 1991. His forefathers, John Barton and his son Horace, were inducted into the 1999 South Dakota Tennis Hall of Fame.

 

Career 

After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989. 

In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project. 

In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.

 

Making Billions

After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion. 

Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry. 

In December 2004, Zillow was incorporated in Washington and officially launched in February 2006. 

The site included a home valuation tool, sales history, and value appreciation information upon launch. The site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic. 

By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch. 

In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015. 

All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.

 

Maintaining Zillow

Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States. 

However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable. 

By July 2020, Zillow became one of the first companies to permanently allow employees to work from home. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021. 

Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees. 

That said, this didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow. 

Now one of the richest people in the world, Rich Barton has undoubtedly lived up to his first name, earning billions through his business. 

 

Rich Barton Net Worth

In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion. 

 

How Does Rich Barton Spend His Money? 

Rich Barton spends his money on real estate.

 

Rich Barton’s Home and Other Spendings 

Barton owns a home in Seattle, Wahington. Barton Has A $700 million stake in Zillow and plans to turn it into a home-flipping machine. 

 

Highlights

Here are some of the best highlights of Rich Barton’s career:

  • Chief executive officer of Zillow Group
  • One of the top 10 innovators under 35 by MIT Technology Review (2003)
  • Presidential Ambassadors for Continental Entrepreneurship (2012)

 

Summary

Rich Barton is an American entrepreneur and businessman best known for being the Zillow Group CEO.

He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.

He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship. 

What do you think about Rich Barton’s net worth? Leave a comment below. 

Continue Reading

Entrepreneurs

Russell Simmons Net Worth

Published

on

Russell Simmons Net Worth

What is Russell Simmons’ net worth?

Net Worth:$340 Million
Age:67
Born:October 4, 1957
Gender:Male
Height:1.76 m (5 ft 9 in)
Country of Origin:United States of America
Source of Wealth:Entrepreneur
Last Updated:Oct 7, 2024

Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million. 

Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront. 

 

Early Life 

Russell Simmons was born in Queens, New York, on October 4, 1957.

He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians. 

 

Career

During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.

 

From Rap To Riches

The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”

In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.

That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.

 

Simmons’ Vegan Advocacy

Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.

Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.

His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.

 

Signing Lil Skies And Jack Harlow

Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.

In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.

To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.

Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.

Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.

 

Estimated Net Worth

In 2024, Russell Simmons’ net worth is estimated to be roughly $340 Million. 

 

Highlights 

Here are some of the best highlights of Russell Simmons’ career:

  • Co-founded Def Jam (1983) 
  • Krush Groove (Movie, 1985) 
  • Launched Clothing Line (1992) 
  • Sold Phat Farm (2004) 

 

Summary

Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.

What do you think about Russell Simmons’ net worth? Leave a comment below. 

Continue Reading

Latest Posts

John Wall Net Worth Profile John Wall Net Worth Profile
NBA Players13 mins ago

John Wall Net Worth

What is John Wall’s net worth? John Wall is an American professional NBA player with an estimated net worth of...

Al Horford Net Worth Profile Al Horford Net Worth Profile
NBA Players1 day ago

Al Horford Net Worth

What is Al Horford’s net worth? Al Horford is a Dominican professional NBA player for the Boston Celtics with an...

Klay Thompson Net Worth Profile Klay Thompson Net Worth Profile
NBA Players1 day ago

Klay Thompson Net Worth

What is Klay Thompson’s net worth? Introduction  Klay Thompson is an American professional NBA player for the Dallas Mavericks with...

Kyrie Irving Net Worth Profile Kyrie Irving Net Worth Profile
NBA Players1 day ago

Kyrie Irving Net Worth

What is Kyrie Irving’s net worth? Introduction  Kyrie Irving is an American professional NBA player for the Dallas Mavericks with...

Jayson Tatum Net Worth Profile Jayson Tatum Net Worth Profile
NBA Players1 day ago

Jayson Tatum Net Worth

What is Jayson Tatum’s net worth? Jayson Tatum is an American professional NBA player for the Boston Celtics, with an...

Zach Lavine Net Worth Profile Zach Lavine Net Worth Profile
NBA Players1 day ago

Zach LaVine Net Worth

What is Zach LaVine’s net worth? Zach LaVine is an American professional NBA player for the Chicago Bulls with an...

Paul George Net Worth Profile Paul George Net Worth Profile
NBA Players2 days ago

Paul George Net Worth

What is Paul George’s net worth? Paul George is an American professional NBA player for the Philadelphia 76ers with an...

Devin Booker Net Worth Profile Devin Booker Net Worth Profile
NBA Players2 days ago

Devin Booker Net Worth

What is Devin Booker’s net worth? Devin Booker is an American professional NBA player for the Phoenix Suns, with an...

Tony Parker Net Worth Profile Tony Parker Net Worth Profile
NBA Players2 days ago

Tony Parker Net Worth

Tony Parker's exceptional basketball skills earned him a place as one of the highest earning players in the NBA, bringing him...

Karl-Anthony Towns Net Worth Profile Karl-Anthony Towns Net Worth Profile
NBA Players2 days ago

Karl-Anthony Towns Net Worth

What is Karl-Anthony Towns’ net worth?  Introduction  Karl-Anthony Towns is a Dominican-American professional NBA player for the Minnesota Timberwolves with...

Trending