He may be the sixth-richest person in the world, but few people know his name. Amancio Ortega is the Spanish billionaire behind Inditex, the world’s largest clothing retailer that owns Zara, Pull&Bear, Bershka, Massimo Dutti, and Stradivarius, and other brands.

Ortega is worth an estimated $62.7 billion, according to Forbes.

The mysterious Zara founder was briefly the world’s richest man back in 2015, Forbes reported. He bypassed the then-richest person, Bill Gates, when his net worth peaked to $80 billion as Zara’s parent company Inditex’s stock peaked.

But when the stock went back down, Ortega went back to being the world’s second-richest man, a title he gained in June 2015.

Read more: We went inside one of the sprawling factories where Zara makes its clothes. Here’s how the world’s biggest fashion retailer gets it done.

Despite Ortega’s impressive net worth, many people have never heard of him. The 82-year-old Spaniard fiercely guards his privacy and gives few interviews to the press.

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Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA – which owns eight brands including Zara, Massimo Dutti, and Pull&Bear – has more than 7,500 stores around the world.

Ortega is surpassed in wealth by only five people: Jeff Bezos, Bill Gates, Warren Buffett, Bernard Arnault, and Carlos Slim Helu. But Bloomberg’s data notes that since last year, Gates’ net worth has decreased by $1.1 billion, while Ortega’s has increased by an impressive $10.4 billion.

Ashley Lutz and Mallory Schlossberg contributed to an earlier version of this story.


Amancio Ortega is the sixth-richest person in the world, with an estimated net worth of $67.9 billion.

Foto: sourceGetty Images / Xurxo Lobato

Source: Bloomberg


Ortega owns 59% of Inditex, the world’s largest clothing retailer that owns brands including Zara …

Foto: sourcefotopress/Getty Images

Source: Bloomberg


… Pull&Bear, a teen-focused retailer with 970 stores in 76 markets around Europe, the Middle East, Africa, Asia, and South America …

Foto: sourceManu Reino/SOPA Images/LightRocket via Getty Images

Source: Business Insider


… Bershka, which is the second-largest chain by store count in Inditex’s entire operation, with its sales representing 9% of the total revenue for the group …

Foto: sourceFacebook/Bershka

Source: Business Insider


… Massimo Dutti, Stradivarius, Oysho, Uterqüe, and Zara Home.

Foto: Massimo Dutti clothing.sourceFacebook/Massimo Dutti

Source: Business Insider


Ortega was born in northwestern Spain in 1936, the son of a railroad worker and a stay-at-home mother.

Foto: Villamanín, Spain.sourceGetty Images

Source: Bloomberg


He started making clothes with his siblings and future wife, Rosalia Mera, in their home in the early 1960s. In 1975, Ortega and Mera opened the first Zara store in downtown La Coruna, Spain.

Foto: A Zara store in La Coruna, Spain, in 2012.sourceJesus Sancho/AP Images

Source: Bloomberg


Ten years later, in 1985, Ortega incorporated Zara into a holding company called Inditex. He and his wife, Mera, separated around that time, but she remained the company’s second-largest shareholder.

Foto: Inditex headquarters in La Coruna, Spain, in 2012.sourceJesus Sancho/AP Images

Source: Bloomberg


In August 2013, Mera died at age 69 as Spain’s richest woman.

Foto: Rosalia Mera in 2010.sourceXurxo Lobato/Getty Images

Source: Associated Press


Ortega has been married to his second wife, Flora Perez, since 2001.

Foto: Flora Perez and Amancio Ortega at a party in La Coruna, Spain, in November 2018.sourcePhoto by Europa Press – Pool /Getty Images

Source: Bloomberg


Ortega and Perez share a daughter, Marta, who is a senior creative consultant at Zara Women.

Foto: Marta Ortega at a show Paris Fashion Week in January 2019.sourceJacopo Raule/Getty Images

Source: Brides


She married top Spanish equestrian Sergio Álvarez Moya in February 2012, but the couple separated in 2015.

Foto: Sergio Álvarez Moya and Marta Ortega the night before their wedding in February 2012.sourcePhoto by Europa Press/Europa Press via Getty Images

Source: Brides, ThinkSpain.com


In November 2018, Marta married Carlos Torretta, a modeling agent and son of designer Roberto Torrettain, at her family’s home in Galicia, Spain.

Foto: Carlos Torretta and Marta Ortega at their wedding pre-party in November 2018.sourcePhoto by Europa Press – Pool /Getty Images

Source: Brides, W Magazine


Spanish publications called the ceremony, which reportedly included a socialite-studded guest list, the “wedding of the year.”

Foto:

Source: W Magazine


Ortega’s older daughter with his late ex-wife Mera, Sandra Ortega Mera, inherited the title of Spain’s richest woman after her mother’s death.

Foto: Sandra Ortega Mera at her mother’s funeral on August 17, 2013 in Oleiros, Spain.sourceXurxo Lobato/Getty Images

Source: Bloomberg


Worth an estimated $6.85 billion, she controls 5% of Inditex through her holding company, Rosp Corunna.

Foto: Sandra Ortega Mera and her husband at her mother’s funeral.sourceXurxo Lobato/Getty Images

Source: Bloomberg


Ortega and his wife, Flora, live in a discreet apartment building in La Coruna, Spain, near a major port of the Atlantic Ocean.

Foto: sourceWikimedia Commons

Source: Forbes


At one point, Ortega owned the Pazo de Dodro farm and estate near La Coruna. The estate was the site of his daughter, Marta’s, wedding to Sergio Alvarez Moya, but it’s unclear whether Ortega still owns it.

Foto: sourceXurxo Lobato/Getty Images

Source: El Mundo


Ortega is known for being private. In 2012, Bloomberg noted that he had only granted interviews to three journalists. He also dresses modestly, usually wearing a simple uniform of a blue blazer, white shirt, and gray pants — none of which are Zara products.

Foto: Amancio Ortega in 2013.sourceEuropa Press/Europa Press via Getty Images

Source: Bloomberg


He goes to the same coffee shop every day and eats lunch with his employees in the company cafeteria.

Foto: The Zara factory in La Coruna, Spain, in 2005.sourceXurxo Lobato/Cover/Getty Image

Sources: Publico.es and adlatina.com


In his free time, Ortega is often seen at equestrian events and he owns an equestrian center in Finisterre in Galicia, Spain.

Foto: Marta Ortega and Amancio Ortega at a horse jumping competition in Spain in 2013.sourceXurxo Lobato/Getty Images

Source: Getty Images, Bloomberg


In 2012, it was reported that Ortega drives an Audi A8 luxury sedan said to be more about comfort than luxury, but it’s unclear what he drives now.

Foto: Amancio Ortega at a horse jumping competition in Spain in 2013.sourceXurxo Lobato/Getty Images

Source: Elite Choice


He also owns a Global Express BD-700, a private jet designed by Bombardier, one of the leading manufacturers of luxury private jets. The plane carries a price tag of $45 million.

Foto: sourcerealitypod.com

Source: Elite Choice


But Ortega rarely jets off on vacation. He says he loves working too much to take time off.

Foto: sourceXaume Olleros/Getty Images

Source: adlatina.com


He has, however, been seen relaxing on his yacht, a 67-meter vessel called Drizzle, in Saint Tropez on the French Riviera.

Foto: Yachts in Saint Tropez.sourceFlickr/ Michael Gwyther-Jones

Source: Daily Mail


Ortega founded the Amancio Ortega Foundation in 2001, a charitable organization focused on education and social welfare. In 2017, the foundation donated $344 million to Spanish public hospitals to provide the latest technology in breast cancer screening and treatment.

Foto: sourceMIGUEL RIOPA/AFP/Getty Images

Source: Amancio Ortega Foundation, Philanthropy News Digest


Ortega owns significant real estate assets, many through his company’s real-estate investment arm, Pontegadea Inmobiliaria. In 2011, he bought the tallest skyscraper in Spain at 515 feet, the Torre Picasso in Madrid, for $536 million.

Foto: sourceDeAgostini/Getty Images

Source: Reuters


And in 2016, he purchased another Madrid skyscraper, Cepsa Tower, for $551 million.

Foto: sourceEducation Images/UIG via Getty Images

Source: Reuters


He owns the Epic Residences and Hotel in Miami, considered to be one of the best luxury hotels in the US and worth $536 million.

Foto: sourceepichotel.com

Source: Mirror


And in 2015, he paid $370 million for an entire block of prime property in Miami Beach.

Foto: A view of Lincoln Road in Miami Beach.sourceGetty Images

Source: Miami Herald


Ortega also reportedly bought an office block in London’s affluent Mayfair neighborhood that borders Hyde Park …

Foto: sourceGetty Images

Source: Reuters


… as well as a property on London’s prime shopping street, Oxford Street …

Foto: sourceGetty Images

Source: Reuters


… and the historic E.V. Haughwout Building in SoHo, New York City, which he bought for $145 million in 2015.

Foto: The E.V. Haughwout Building in NYC.sourceGoogle Maps

Source: Reuters, The Real Deal


Ortega picked up another New York property in 2016, this time a hotel at 70 Park Avenue in Murray Hill for $67.6 million.

Foto: sourceGoogle Maps

Source: The Real Deal


Zara has become one of the best-known and most successful fashion brands in the world.

Foto: A Zara store in Budapest, Hungary.sourceOmar Marques/SOPA Images/LightRocket via Getty Images

Source: Business Insider


Kate Middleton, the Duchess of Cambridge, is one of the most prominent fans of Zara’s designs and is often photographed in its clothing.

Foto: sourcePaul Lewis/Getty Images

Source: INSIDER


Ortega earns $400 million per year in dividends, according to Forbes.

Foto: sourcefotopress/Getty Images

Source: Forbes


Since Ortega stepped down as Inditex’s chairman in 2011, leaving the position to Pablo Isla, rumors have swirled that his daughter, Marta, will eventually take over the company.

Foto: sourcefotopress/Getty Images

Source: Bloomberg