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Amancio Ortega

8 questions · Economics

Amancio Ortega, born in the poor northwest of Spain in 1936, left school at 14 and worked as an errand boy in a textile shop. From that he built an empire: with the fashion chain Zara and the group Inditex he invented „fast fashion“: clothing that reaches the shops from the catwalk at breakneck speed. Ortega became at times the richest person in the world and is the richest Spaniard. Despite his fortune he shuns the public and almost never gives interviews. Good to know: Zara stores exist in almost every big city in the world. Zara belongs to the parent company Inditex. It also includes brands like Bershka and Massimo Dutti. Inditex is one of the biggest fashion retailers in the world. New collections reach the shops in just a few weeks. Zara reacts to current trends at lightning speed. At 14 he left school and became an errand boy. From errand boy he rose to be the richest Spaniard. It was in A Coruña that Ortega opened the first Zara shop in 1975. Ortega comes from the province of León and moved to A Coruña as a teenager.

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All questions with answers

Which world-famous fashion chain did Amancio Ortega found?

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Zara

Zara stores exist in almost every big city in the world.

💡 Did you know? Zara belongs to the parent company Inditex.

What is the name of Zara’s parent company?

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Inditex

It also includes brands like Bershka and Massimo Dutti.

💡 Did you know? Inditex is one of the biggest fashion retailers in the world.

Which retail model is regarded as Ortega’s invention?

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Fast Fashion

New collections reach the shops in just a few weeks.

💡 Did you know? Zara reacts to current trends at lightning speed.

What social class does Ortega come from?

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from a poor background

At 14 he left school and became an errand boy.

💡 Did you know? From errand boy he rose to be the richest Spaniard.

In which Spanish region is Inditex headquartered?

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Galicia

It was in A Coruña that Ortega opened the first Zara shop in 1975.

💡 Did you know? Ortega comes from the province of León and moved to A Coruña as a teenager.

What is remarkable about how Ortega deals with the media?

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he shuns the public

For decades there was hardly a photo of him.

💡 Did you know? He almost never gives interviews.

Into which stable asset does Ortega put much of his fortune?

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into real estate

He owns office towers and shops in many cities.

💡 Did you know? This makes him less dependent on the fashion business.

From what does Ortega draw enormous income year after year?

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from Inditex dividends

As a major shareholder he receives billions each year.

💡 Did you know? Part of these profits flow into his real estate.

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