12/18/2023 0 Comments Marta ortega net worth![]() ![]() It employed more than 92,000 workers worldwide. Inditex became the biggest multinational textile company in Spain. The business ventures eventually led to the formation of the holding company Inditex which Amancio Ortega created in 1985. Zara built a reputation for selling quality designer fashions at reasonable prices. Ortega opened several more Zara stores across Spain in the following decade. The concept of getting garments from the idea stage to the sales floor in two weeks was so successful that it shook up the retail fashion industry. In 1975 along with his first wife, Rosalía, Amancio Ortega opened the first Zara store applying the same business concept. He then sold the items to local shops and used the profits to start his first business, Confecciones Goa, in 1963 at 27 years old.Ĭonfecciones Goa began selling quilted bathrobes directly to customers without using outside distributors. Ortega started producing similar high-end clothing at lower prices by purchasing cheaper fabric in Barcelona and cutting out pieces by hand using cardboard patterns. Noticed only a few wealthy residents could afford to buy expensive clothes, Amancio Ortega saw an opportunity to launch a new clothing business. The job exposed him to the high costs of manufacturing and delivering clothing directly to customers. He also worked as an assistant tailor in the shop and learned to make clothes by hand. They came out of the store empty-handed because the store owner refused to extend a credit line to his mother.Īt that moment, Ortega was so humiliated that he decided to drop out of school and start working.Īs a teenager, Amancio Ortega found a job as a shop hand for a local shirtmaker, Gala, which still sits on the same corner in downtown A Coruña, and learned to make clothes by hand.Īmancio Ortega began his remarkable work as a delivery boy for a local shirtmaker, Gala, who produced clothing for the rich. One evening, as he was walking home with his mother, Ortega witnessed her pleading for credit to buy groceries. Ortega received no formal higher education.Īccording to Amancio Ortega, a traumatic incident happened soon after the family arrived in the new town. Amancio Ortega’s Early Life And EducationĪt the age of 14, Amancio Ortega dropped out of high school and moved to A Coruña due to his father’s job as a railway worker. Unlock the door to financial freedom with theĭiscover a way to earn over $100K a year from the comfort of your own home.ĭon’t wait, click now to start your journey to success. He keeps a famously low profile and likely wouldn’t be recognized dining in a random American restaurant. He is a Spanish business tycoon best recognized as the founder of the Inditex fashion group, the parent company of the famous fashion brand ZARA which has more than 6000 stores in over 65 countries.Īmancio has spent the last several decades quietly being one of the wealthiest people in the world. Son of a railway worker and a maid, Amancio Ortega belonged to a working-class family. Amancio Ortega was born in Busdongo de Arbas, León, Spain, to Antonio Ortega Rodríguez and Josefa Gaona Hernández from the province of Valladolid, and spent his childhood in Tolosa, Gipuzkoa. ![]()
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