Armencio Ortega

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

Amancio Ortega, Recluse Behind Zara, Rises To World's Third Richest Person: Forbes

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.

Source: www.huffingtonpost.com | Date: 5th April 2013 Read more