Billionaire Zara founder builds global real estate empire
The founder of clothing giant Zara has built up a global real estate empire that includes offices used by Facebook and Amazon in Seattle, and large swathes of London's Oxford Street. – EPA pic, November 17, 2019.
SPANISH billionaire Amancio Ortega, the founder of clothing giant Zara, has built up a global real estate empire that includes offices used by Facebook and Amazon in Seattle and large swathes of London’s Oxford Street. Diversifying his fashion fortune to preserve his sizeable wealth, the value of the real estate portfolio owned by Ortega’s investment holding Pontegadea Inversiones stood at around €10 billion at the end of last year.
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