By Euro Weekly News Media • 16 May 2016 • 12:39
Putin changes law to make it simpler for foreigners to gain citizenship if they fight for Russia. Image: Luca Perra/Shutterstock.com
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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