The founder of Zara has become a world leader in the real estate market
The founder of the Zara brand, who has made significant changes in the world of clothing and fashion, is now seriously entering the real estate market. Zamin.uz reported on this.
Amancio Ortega, considered one of the wealthiest people in the world, has demonstrated that he has achieved great success not only in the fashion industry but also in the trade of land and buildings. A report based on data from Forbes revealed the details of this massive property empire.
Research conducted by Forbes journalists shows that the 90-year-old Spanish billionaire's real estate portfolio currently amounts to 25 billion dollars. With this result, he has surpassed even the world's most successful builders and investors.
For comparison, it is worth noting that Harry Triguboff's properties are valued at 23.2 billion dollars, while Donald Bren's are valued at 19.2 billion dollars. Amancio Ortega possesses more than 200 large objects located in 13 countries around the world.
The entrepreneur's unique strategy is that he almost never sells the properties he buys. Of the 216 purchases made since 2001, only 10 have been resold, while the rest have remained in his ownership.
The funds the entrepreneur invests in real estate are even higher than the budgets of some of the world's most famous technological projects. For example, Ortega's total investment in this field is significantly more than the 20 billion dollars Jeff Bezos spent on his space project.
In the last year alone, the billionaire allocated more than 3 billion dollars for new deals in 10 cities around the world. His new acquisitions include 7 modern office centers and 2 luxury hotels.
Additionally, he purchased a 49 percent stake in a major port operator in Britain. The historic Canada Post building in Vancouver was purchased for 850 million dollars and subsequently leased to Amazon.
As of April this year, Amancio Ortega's total wealth is estimated at 139.3 billion dollars. With this figure, he ranks 13th in the rating of the wealthiest people on our planet.
The success strategy of the entrepreneur, who evolved from the world of fashion into a real estate giant, serves as an example for many. Investing in real estate remains one of the safest types of business and is expected to bring stable profits in the future.
The accumulation of such massive assets by the founder of Zara testifies to his long-term plans and confidence in the market.
