The 82-year-old Spaniard fiercely guards his privacy and gives few interviews to the press.Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975.
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Pontegadea, which owns 59.3% of Zara parent Inditex SA, had a net income of 1.8 billion euros for 2019, including 1.64 billion euros in Inditex dividends and 621 million euros from real estate assets.
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Most of the smaller stores that will close are older ones belonging to brands other than Zara.
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With an estimated net worth of nearly £66billion, he surpassed the computer wiz by …
In 1985 he formed Inditex as a holding company for Zara and his other retail brands.
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