Amancio Ortega Gaona

Amancio Ortega Gaona

Founder, Inditex

The Spanish apparel mogul pioneered the ‘fast fashion’ business model at vertically-integrated goliath Zara.

Spain Executives 2013 BoF 500 2013

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Biography

Since founding Inditex Group in 1985, Amancio Ortego Gaona has become one of the world's most successful and respected fashion retail moguls, overseeing a fast-growing portfolio that includes 'fast fashion' clothing chains Zara, Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. Pioneering the fast fashion movement in the mid-'70s with the launch of Zara, Ortega’s innovative retail strategy – rapid response to trends and consumer demand – has turned Zara into a global retailer boasting over 1,700 individual storefronts in 86 countries.

Through Inditex Group, Ortega oversees over 6,000 stores around the world. In 2012 the group announced record profits of over €2.36 billion ( about $3 billion). In 2013, Ortega was listed as the third wealthiest individual in the world in Forbes' global billionaire listing, replacing American mogul Warren Buffet.   

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