The founder of the "Zara" brand, which revolutionized the world of clothing, is now conquering the real estate market. One of the richest people in the world, Amancio Ortega, has proven to be unrivaled not only in the fashion industry but also in the trade of land and buildings. Zamin.uz Based on Forbes data, it reveals the secrets of this massive "property empire."
Map of a $25 Billion Empire
Investigations conducted by Forbes journalists show that the 90-year-old Spanish billionaire's real estate portfolio currently amounts to $25 billion. With this figure, he has surpassed even the world's most successful developers:
- Amancio Ortega — $25 billion;
- Harry Triguboff — $23.2 billion;
- Donald Bren — $19.2 billion.
Ortega owns more than 200 major properties located in 13 countries worldwide. Interestingly, he rarely sells the properties he buys — of the 216 purchases made since 2001, only 10 have been resold.
Investments Surpassing Even Bezos
The funds the entrepreneur invests in real estate are more substantial than the budgets of even the most famous tech startups. For example, Ortega's total investment in this sector is significantly higher than the $20 billion Jeff Bezos spent on his space project, "Blue Origin."
Over the past year alone, the billionaire allocated more than $3 billion for new deals in 10 cities around the world. His new acquisitions include:
- 7 modern office centers;
- 2 luxury hotels;
- A 49 percent stake in a major port operator in Britain;
- The historic "Canada Post" building in Vancouver (purchased for $850 million and leased to Amazon).
On the List of the World's Richest
As of April 16 of this year, Amancio Ortega's total wealth is estimated at $139.3 billion. With this figure, he holds a proud 13th place in the rating of the wealthiest people on our planet. The success strategy of the entrepreneur, who turned from a fashion world icon into a real estate giant, continues to amaze many.
Dear customers, do you think investing in real estate is still the safest type of business? Does the Zara founder's possession of such vast property indicate his confidence in the future?
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