Amancio Ortega: The Fashion Designer who is Richer than Ghana, Cameroon, Benin Republic & Togo Combined!
Amancio Ortega: The Fashion Designer who is Richer than Ghana, Cameroon, Benin Republic & Togo Combined!
Many people do not know much about this humble Fashion Designer, who is currently the Forbes 4th Richest Man on Earth with a Net Worth of $81.2 Billion as at 1st September 2017.
Amancio Ortega is the Founder and Former Chairman of Inditex Fashion Group, best known for its chain of Zara Clothing and Accessories Retail Shops.
Amancio Ortega was born to a poor railway worker in Busdongo de Arbás, León, Spain. Being extremely poor, things were so difficult for young Amancio so he abandoned school and left his hometown to look for work. They lived in a beggarly house at the railway workers’ quarters, and his mother was employed as a housemaid. Amancio have heard his mother pleading for credit at local grocery stores, unable to afford essential items, which fuelled his resolve to get a job and help out with the family’s finances. Shortly after, at the age of 13, Amancio Ortega found a job as a shop hand for a local shirt maker called Gala. Gala, a conventional shirts maker, is still active and open on one of La Coruña’s downtown corners, selling traditional shirts, caps and cardigans. José Martínez, who inherited the Gala business from his father, recently reported that visitors never buy, they simply ask about his youth friend, Amancio.
At the age of 16, Amancio Ortega was pondering on how to figure out potential client desires and more importantly, meet that demand. He usually sits outside at the street corner, watching passers-by to gain insight into what they need.
In 1975, he opened his first Zara store with his wife Rosalía Mera. He had wanted to call the name of the business, Zorba, but that name was already taken. Zara’s success was in part due to its strategy of imitating popular fashions and quickly making them for sale at inexpensive prices. Ortega insists on being involved from the designing of any clothing right through to sewing and mass production.
Ortega keeps a very low profile and, until 1999, no photograph of Ortega had ever been published and is known for his preference for a simple lifestyle. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and grey trousers.
Today Amancio Ortega is the fourth richest man in the world, with a wealth index of $ 81.2 billion. To put this in perspective, Cameroon has a GDP of $24.2 billion, Ghana’s GDP is $42.69 billion, Togo’s GDP $4.4 billion while Benin’s Republic GDP is $8.583 billion. All four countries have a combined GDP of $79.873 billion, making Amancio Ortega richer than all 4 countries by $1.327 billion!
This goes to buttress the point that human resources is far more valuable than mineral resources. Individuals who develop their innate human resource, produce great wealth equivalent to nations. As such we know that the poverty in Africa is not due to lack of natural resources, but due to lack of quality human resources.
You can be tas successful as Amancio Ortega if you can believe in yourself and take action. The journey of a thousand miles starts with a step.
Join us in Prosperity International Clube of Successful People to make money online.
Chat me up for enquiries & partnership opportunities
PH/WHATSAPP: +234 8036903113
TELEGRAM @DEGEEK
Many people do not know much about this humble Fashion Designer, who is currently the Forbes 4th Richest Man on Earth with a Net Worth of $81.2 Billion as at 1st September 2017.
Amancio Ortega is the Founder and Former Chairman of Inditex Fashion Group, best known for its chain of Zara Clothing and Accessories Retail Shops.
Amancio Ortega was born to a poor railway worker in Busdongo de Arbás, León, Spain. Being extremely poor, things were so difficult for young Amancio so he abandoned school and left his hometown to look for work. They lived in a beggarly house at the railway workers’ quarters, and his mother was employed as a housemaid. Amancio have heard his mother pleading for credit at local grocery stores, unable to afford essential items, which fuelled his resolve to get a job and help out with the family’s finances. Shortly after, at the age of 13, Amancio Ortega found a job as a shop hand for a local shirt maker called Gala. Gala, a conventional shirts maker, is still active and open on one of La Coruña’s downtown corners, selling traditional shirts, caps and cardigans. José Martínez, who inherited the Gala business from his father, recently reported that visitors never buy, they simply ask about his youth friend, Amancio.
At the age of 16, Amancio Ortega was pondering on how to figure out potential client desires and more importantly, meet that demand. He usually sits outside at the street corner, watching passers-by to gain insight into what they need.
In 1975, he opened his first Zara store with his wife Rosalía Mera. He had wanted to call the name of the business, Zorba, but that name was already taken. Zara’s success was in part due to its strategy of imitating popular fashions and quickly making them for sale at inexpensive prices. Ortega insists on being involved from the designing of any clothing right through to sewing and mass production.
Ortega keeps a very low profile and, until 1999, no photograph of Ortega had ever been published and is known for his preference for a simple lifestyle. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and grey trousers.
Today Amancio Ortega is the fourth richest man in the world, with a wealth index of $ 81.2 billion. To put this in perspective, Cameroon has a GDP of $24.2 billion, Ghana’s GDP is $42.69 billion, Togo’s GDP $4.4 billion while Benin’s Republic GDP is $8.583 billion. All four countries have a combined GDP of $79.873 billion, making Amancio Ortega richer than all 4 countries by $1.327 billion!
This goes to buttress the point that human resources is far more valuable than mineral resources. Individuals who develop their innate human resource, produce great wealth equivalent to nations. As such we know that the poverty in Africa is not due to lack of natural resources, but due to lack of quality human resources.
You can be tas successful as Amancio Ortega if you can believe in yourself and take action. The journey of a thousand miles starts with a step.
Join us in Prosperity International Clube of Successful People to make money online.
Chat me up for enquiries & partnership opportunities
PH/WHATSAPP: +234 8036903113
TELEGRAM @DEGEEK
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