Ecuavista / started selling coats women in Galicia and today is the second richest man in the world, according to Forbes, with a fortune of US $ 68,200 million. The Spanish businessman Amancio Ortega is known for founding a textile empire Inditex, with such international brands such as Zara and Pull & amp; Bear. But in the shadow of this empire, Ortega is building another: real estate. Zara co-founder (along with his first wife, now deceased) has purchased in recent years some of the most emblematic of the most expensive cities in the world buildings. Its real estate portfolio is valued at more than US $ 8,000 million, according to estimates by Forbes. It is twice the value that gave him in 2013. The Devonshire House building in London, is owned by Ortega. Two of the last major employer purchases were in New York and Seoul (South Korea), confirmed to BBC a spokesman for Pontegadea, the real estate mogul group. Ortega, 79, closed last December purchase Haughwout landmark building in New York Broadway Street. And in February this year landed as a real estate investor in Asia, buying the M Plaza building, 27,000 square meters. Presence in nine countries Pontegadea Ortega created in 2002 with part of the liquidity obtained through the sale of part of the shares of Inditex, and took advantage of the economic crisis in Spain and other countries to whet your portfolio. The company, which does not have a website despite the valuable assets managed, is based in the village of Arteixo (in the province of La Coruña), in the same complex where it is based Inditex. The owner of Zara and her daughter, Marta Ortega. From Arteixo, Pontegadea purchase through subsidiaries in each country. Currently owns real estate assets in nine countries, according to BBC confirmed the company they work for about 40 people. Its properties extend and by Britain, Spain, France, Italy, Portugal, United States, Canada, Mexico and South Korea. Real estate, headed by Ortega, it belongs to Pontegadea Investments, owned by Ortega and Inditex maximum shareholder, with 50.01%. Although Ortega resigned as chairman of Inditex in 2011, still retains 59.29% of the shares through Investment and Partler Pontegadea. Last year, he pocketed more than US $ 1,000 million in dividends. And much of those dividends invests in properties, which rents for office and retail space. In Spain and abroad Although some of its local rents to Inditex, Ortega has no problems in renting their buildings to competition. Ortega rent their properties, sometimes competitors such as Primark. For example, the employer rents the clothing chain Primark low cost one of the buildings it owns in the famous shopping street Oxford Street in London. Ortega bought the entire block last year by more than US $ 700 million, according to British media reported (the company does not make public the amount of its operations, unless you set the controller). And the Swedish chain H & M has a store in a building owned by Ortega in the Gran Via of Madrid and one on Powell Street in San Francisco. Society often buy entire buildings, in the most exclusive areas, and occupied by a “solvent” client, told the Spanish newspaper El Pais in 2014. Ortega rent their properties to Apple in Barcelona or Paris and Google and Deloitte in the Tower Picasso of Madrid. Ortega is 79 years old and is no longer president of Inditex. In the British capital, Ortega also bought in 2013 the Devonshire House building, next to Green Park, for more than US $ 560 million. The building has an area of over 16,000 square meters and houses offices and shops.
BBC ECUADOR: The other big business Amancio Ortega, owner of Zara and the second richest man in the world
Information Ecuavista
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