Amancio Ortega this Tuesday rose 1.108 million euros richer After receiving half of the dividends that Inditex will pay its shareholders this year into its bank account. The other part will be in November. In total, he will pocket $2,217 million for this concept this year; This is the highest figure for the founder of the Galician multinational from dividends since the company went public in 2021.
It has received 17,351 million since that year and counting 2,217 this year (more than 500 from last year), according to the company’s accounting reports to the National Securities Market Commission.
Ortega obtained these rents. 59% of shares owns the textile company through Pontegadea Inversiones, its main investment arm, and Partler, the vice-president of Inditex’s current non-executive chairman, daughter Marta Ortega.
The businessman’s first dividend from Inditex was 40 million euros in 2002.. Since then there are already more than 17,000. When he collected 129 of 100 million for the first time in 2004; The first person to exceed 500 was in 2011 with 591; and pocketed 1,108 in 2016, when it surpassed 1,000 for the first time. It crosses the 2,000 million mark for the first time in 2023.
Over the past six years, it has acquired half (8,888) of 17,000 million against its 1.848 million shares in Inditex through Pontegadea Inversiones and Partler Participaciones. The figure would have been higher had the multinational not decided to pay a single coupon in 2020 due to the pandemic. That year, Ortega pocketed 647 million. It was 1,626 a year ago and 1,294 a year later.
The second largest shareholder of the company is his daughter Sandra Ortega with 5%, and 94 of the dividends, which will enter 189 million this year for the dividend, were paid this Tuesday, which corresponds to the first payment.
In total, the company will reward its shareholders more than 3,730 million this year after raising the dividend by 29% to 1.2 euros per share. The dividend consists of two equal payments: this Tuesday, one at 0.60 euros per sharecorresponding to the ordinary dividend and on 2 November an additional 0.60 euros per share (0.196 regular euros plus 0.404 extraordinary euros).
The Galician giant has distributed around 30,000 million among its shareholders since it began paying dividends in 2002; Amancio Ortega received 59% of it, first Rosalía Mera and then Sandra Ortega 5%. This last percentage represents 1.478 million over two decades.
All figures that both Amancio Ortega and Rosalía Mera and later Sandra Ortega enter are gross, since income from dividends from €200,000 this year is taxed at 28%. In 2022 it was 27%.
real estate portfolio
Founder of the Galician multinationalHe uses most of the money he receives from Inditex to increase his real estate portfolio. worth more than 15 billion. In 2022 it had 2,736 million (1,718 from the multinational company’s dividends and 1,018 from Pontegadea). As of December 31, 2,783 expenditures were made. Due to the taxation applicable to family offices like himself, Amancio Ortega has to invest his profits within a year. Otherwise, have to pay for them.
And some of the dividends this year are already being spent. at the beginning of April, Purchased 120 luxury flats for rent in Dublin’s south quayside For more than 100 million. This was the first purchase of 2023, marking the start of the race against time for this year’s record 2.217 million in Inditex dividends and Pontegadea’s benefits for 2022, which are about to go public.
The second acquisition, which took place in the middle of last April, Former BBC headquarters in London around £82m (about 93 million euros).