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Home » Business » The Not So Popular Billionaire Amancio Ortega Gaona

The Not So Popular Billionaire Amancio Ortega Gaona

Amancio Ortega Gaona
Amancio Ortega Gaona

The Not So Popular Billionaire Amancio Ortega Gaona

Born on March 28, 1936 in a small village in Spain, the founder of Spanish clothing seller Inditex which owns the world class brands like Massimo Dutti, Bershka, Pull and Bear and Zara, the great Spanish entrepreneur Amancio Ortega Gaona truly believes in two key concepts- giving customers what they want as quickly as possible.

The major accomplishments by Amancio Ortega Gaona seem to be more astonishing learning about the hardship and adversity he had to experience as a child during the Spanish civil war. Owing to the war conditions, his family survived on meager facilities. The trivial income that came from his father’s job as a railway worker and his mother’s job as a house help made their livelihood very difficult, sometimes with no access to even the most basic of items.

Career Started Amancio Ortega Gaona

At an early age of 13, Amancio Ortega Gaona started working in a clothing shop in La Coruña. By early twenties, he was making women’s bathrobes with his siblings and partner Rosalia Mera, whom he later married.

Amancio Ortega Gaona was immensely intelligent and had many innovative business plans. He devised the idea of understanding the potential client desires and fulfilling them as quickly as possible. Thus, he organizing women into sewing cooperatives. Their initial product line included lingerie, baby wear, and nightgowns. The autonomous community of Spain, Galicia was a perfect spot for the successful execution of this business plan. Having acquired ten years of amazing experience of managing sewing cooperatives, he proceeded to establish Amancio Ortega Gaona first company, Confecciones GOA, S.A in 1963.

Amancio Ortega Gaona opened his first Zara store with his wife Rosalía Mera I 1975. Currently, Zara is a part of the Industrias de Diseño Textil Sociedad Anónima ( popularly known as the Inditex group), of which Amancio Ortega Gaona owns 59.29%. Apart from that there are 6,000 stores of this group in total and this list includes the marvelous brands like Zara, Massimo Dutti, Tempe, Stradivarius, Pull and Bear, Bershka, Oysho, Zara Home, Kiddy’s Class. Currently, the Inditex group has more than 92,000 employees all over the world.

Rosalía Mera, his first wife is known to be his first business partner. In 2001, he married Flora Pérez Marcote.

Despite of Amancio Ortega Gaona impressive position in the list of successful businesspersons over the world, many people have never heard of him as Amancio Ortega Gaona is known to be avoiding publicity and gives few selective interviews to the press.