Still the world’s second richest man

Image - Vall d'Ebo: David Barber Mas/shutterstock

THE Inditex Group, of which Amancio Ortega still holds nearly 60 per cent of the shares, continues to go from strength to strength with a net profit for their last financial year of €2.8 billion.

With dividends of 60 cents per share, paid half now and half in November, he is due to pocket €1.11 billion. His daughter, who inherited 7 per cent of the shares from her deceased mother, will receive around €94 million.

There is an old saying that money attracts money which to some extent is true, but there is no doubt that the owner of Zara and eight other brands, has done an incredible job in building such an incredibly powerful and popular group.

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