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1. Amancio Ortega
Net worth: $113.4 billion
Citizenship: Spain
Spain’s richest person, Ortega is a leading figure in the global clothing retail industry. His entrepreneurial journey began in 1963 with the establishment of Confecciones GOA, a dressmaking workshop. In 1975, he and his late ex-wife Rosalia Mera opened the first Zara store in Spain. Inditex was officially founded in 1985, consolidating various brands under one umbrella. As of April 2024, it had 5,698 stores worldwide, including brands like Massimo Dutti, Bershka, and Pull&Bear. Ortega owns approximately 60% of Inditex. In 2022, his daughter Marta Ortega Pérez took over as chairperson. The 88-year-old’s namesake foundation focuses on education and social welfare. In the 2023 financial year, which ended January 2024, the group reported a 10.4% increase in revenues to reach $38.9 billion and recorded net profits of $5.8 billion.
2. Phil Knight & family
Net worth: $39.4 billion
Citizenship: U.S.
Knight is the cofounder of Nike and served as its chairman until his retirement in 2016. A track athlete at the University of Oregon, Knight created Nike with his former coach, Bill Bowerman.
This story is from the July 2024 edition of Forbes Middle East - English.
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This story is from the July 2024 edition of Forbes Middle East - English.
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