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Amancio Ortega (Businessman) Net Worth

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Amancio Ortega's Net Worth as of 2024
$80 billion

Amancio Ortega Gaona was born on 28th March 1936, in Busdongo, province of León, Spain, and is an entrepreneur in the clothing sector, and is considered to be the richest man in Europe and the fourth-richest man in the world. With his then – wife Rosalia Mera, he founded today’s company group Inditex, whose chairman he is. Ortega has been active in business since 1963.

How much is the net worth of Amancio Ortega? It has been estimated by authoritative sources that the overall size of his wealth is close to $80 billion, as of the data given at the beginning of 2018. Business is the major source of Ortega’s fortune. In 2017, Forbes Magazine rated him as the fourth on the list of the richest people in the world.

Amancio Ortega (Businessman) Net Worth $80 billion

To begin with, Ortega is the son of a railway employee. He began his career at the age of 14, as a handyman at a clothing store La Coruña.

Concerning his business career, his activities as a textile entrepreneur began in 1963. First, Ortega was a manufacturer of bathrobes, then in 1972, he founded the company Confecciones GOA (his initials read backwards), the first company of today’s Inditex Group. The company grew steadily and began exporting to various European countries. In 1975, the first Zara store was opened in downtown La Coruña, and subsequently a chain of shops sprang up all over Spain. In 1988, the first branch was set up abroad in Porto, Portugal, followed in 1989 by a branch in New York City, and a year later in Paris. In Germany, the first Zara branch was opened in 1999, and today, there are over 1700 Zara stores in Europe, North and South America, Asia, Australia, the Middle East and Africa, indicative of Ortega’s rising net worth.

Due to the increasing business volume and Ortega’s expansion of business fields, the Inditex Group was founded in 1985. In addition to this, Zara includes the brands Massimo Dutti, Pull & Bear, Stradivarius, Bershka, Oysho and others. According to its own data, the Inditex Group had a turnover of 15.9 billion euros in 2016, and has more than 120,000 employees – the group’s eight retail chains have more than 6,000 stores in 86 countries/markets.

In addition to the textile industry, Ortega is also active in the real estate and financial sector, in motor trade and in investment fund management.

Finally, in the personal life of the businessman, Ortega, after divorcing his first wife in 1986, in 2001 married Flora Pérez Marcote, a former employee at one of his factories, in his second marriage. Both live so withdrawn in La Coruña that for years his face was one of the biggest secrets of the Spanish business world. There are hardly any pictures of him; in fact, when he appeared in public in 2000 in preparation for the company’s IPO in 2001, he made headlines in the Spanish financial press. He has not given any interviews so far.

Moreover, Ortega is known for his philanthropic efforts. The entrepreneur has a son from his first marriage, who was born with severe disabilities. Ortega therefore promoted the founding of Paideia in 1986, an institution that helps children and young people with disabilities, and which was led by his first wife until her death. In 2001, the Amancio Ortega Foundation, a private non-profit organization, was established; its mission is to promote activities in culture, research, science and education. In 2012 alone, Ortega donated 20 million euros to the Catholic charity Caritas, according to his statements, to help socially disadvantaged people who suffered from the economic crisis.

As a Senior Writer at Net Worth Post, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership. At Net Worth Post, our mission is to deliver detailed net worth explorations into the lives and achievements of those shaping the future in fields as varied as technology, arts, and philanthropy. My approach combines rigorous research with a storytelling finesse that aims to connect our audience with the extraordinary people behind the headlines. By highlighting their paths to success, challenges overcome, and the impact of their work, we offer our readers a comprehensive look at the figures who are driving change and innovation in our world.

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Billionaires

Warren Buffett Net Worth

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Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.

So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.

Warren Buffett Net Worth $77 Billion

Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.

Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.

Warren  Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.

Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.

In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.

Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.

In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.

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Billionaires

Jefferey Hildebrand Net Worth

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Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.

Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.

Jeffery Hildebrand Net Worth $4.2 Billion

Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.

However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.

Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.

The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.

When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.

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