Amancio Ortega becomes the first Spaniard with assets exceeding $100 billion

founder of Inditex, Amancio OrtegaHe broke a new record as the first Spaniard exceeded 100 billion dollars This places him twelfth in Forbes’ ‘World’s richest people’ ranking.

Especially, Galician businessman’s fortune is 100.7 billion dollars (almost €91,000 million) which is a far cry from the €81,800 million for which Forbes Spain ranked him as Spain’s richest person last November.

The textile company, of which Ortega is the majority shareholder, revalued by more than 35% in the marketsThis allowed him to significantly increase his assets.

One of the latest acquisitions made through its investment arm Pontegadea was its first two hotels.Boutique in the center of Palma de Mallorca to a Swedish group for 35 million euros.Sources familiar with the operation told Europa Press.

This isn’t the first time the Inditex founder has purchased hotel properties; it also owns, among others, hotel properties, one in Cádiz (Playaballena) and the other in New York (Iberostar).

Alongside the Holetero sector, Ortega recently announced: logistics warehouse purchasing Miami It amounts to 113 million dollars (102.97 million euros).

Thus, Pontegadea continues its real estate investments by receiving a total dividend of 2 billion 217 million euros this year, on top of the 1 billion 718 million euros it received from Inditex for this concept last year.

The founder of Inditex invests some of the dividends he receives from Inditex in the real estate sector.

Ortega owns the largest Spanish real estate company focused on the acquisition and management of large buildings, with a real estate portfolio consisting mostly of office and non-residential buildings, located in the center of major cities in Spain and the United Kingdom. , United States and Asia..

Source: Informacion

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