The Chairman of Spanish global fashion Inditex (worlds largest clothing retailer) is known for its 1'600 Zara stores. He made more than $18 billion from the start of the year through Oct. 5, or about $66 million a day. Armencio Ortega has a current estimated personal wealth of $53.6 Billion
MADRID, March 4 (Reuters) - Spain's Amancio Ortega, elevated by Forbes to become the third richest person in the world, may have discovered fashion's secret of eternal youth. The "fast fashion" tycoon's estimated net worth of $57 billion is built on a formula of endless renewal, with dresses and blouses displayed in thousands of Zara stores worldwide for only a few days before they are taken off the rails and replaced with an even newer line of must-have garments.
He's been named the third richest person in the world, a self-made mogul behind the Zara fashion house who has amassed a staggering fortune estimated at $US57 billion ($55 billion). But search for a photograph of Amancio Ortega online or any information about his private life, and the pickings are surprisingly few and far between.
After Gates and Slim comes Amancio Ortega, who built the world's largest fashion empire, Zara. He's difficult to know, impossible to interview, and incredibly secretive. An exclusive portrait.