10th richest man of the world as on march 2010

No: 10
Amancio Ortega
  • Name: Amancio Ortega
  • Age: 73
  • Fortune: self made
  • Source: Zara
  • Net Worth: $18.3 bil
  • Country Of Citizenship: Spain
  • Residence: La Coruna
  • Industry: Retail
  • Marital Status: married, 3 children.

Railway worker's son started as a gofer in a shirt store. With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world's most successful apparel manufacturers. Today Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to 4 new markets last year: Ukraine, South Korea, Montenegro and Honduras. Stock up 1% in past 12 months, but fortune down because of weak euro. Also has personal investments in gas, tourism, banks and real estate. Owns properties in Madrid, Paris, London, Lisbon, plus a luxury hotel and apartment complex in Miami, a horse-jumping circuit, and an interest in a soccer league. Shuns neckties and fanfare. Daughter Marta works for Inditex; recent speculation suggests she is being groomed to eventually replace her father.

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