Amancio Ortega has just turned 90, but the tireless businessman he hasn’t slowed down. While the world speculated about whether the founder of Inditex would reduce his investment activity at that age, his team in Pontegadea closed one operation after another at breakneck speed.
In the last year, Pontegadea completed 17 real estate purchases with a total investment that exceeds 5.5 billion euros. As and as detailed The Worldthe figure of rental income that Ortega receives through his real estate giant exceeded 977 million euros in 2024, and in 2025 they reached 1,089 million euros.
The landlord of big companies. Although 2025 has been characterized by the diversification of investments, the brick remains the star product of Ortega’s investments. The most striking bet of 2025 was the purchase of eight office buildings in six cities spread across five countries, with a joint investment of 1.5 billion euros. Pontegadea’s investment recipe is simple in theory, but somewhat more complex to put into practice: always choose buildings of high strategic value located in the most important urban centers…and, if possible, that already have solvent tenants.
The logic is undeniable, a “high-end” building is a highly valued value by hotel chainslarge companies that use them as headquarters or brands that use them for set up their flagships in the center of large cities around the world. In this way, they ensure receiving income from day one.
The largest operation of 2025 in this sense was the acquisition of “The Post”, a historic Vancouver office building with Amazon as a tenant. The millionaire closed the purchase of that former Canadian post office for 1.1 billion Canadian dollars, which is equivalent to about 680 million euros. The rest of the office purchases were distributed throughout Europe, the US and other regions, consolidating a portfolio of buildings spread throughout the world.
The great logistics bet. If Inditex has become the textile giant that it is today, it is not because of its contribution to fashion designbut for the development of its logistics network that allowed it to take any clothing line to any corner of the world in record time. This obsession with logistics comes from its founder, and in 2025 we have also seen it in Pontegadea.
Ortega’s investment in the field of logistics it’s not new. It has been investing in logistics centers in Europe and the US for years, but in 2025 it has opted for another approach: ports. At the end of October 2025, the millionaire’s participation was announced with 49% of PD Ports sharesone of the most important port operators in the United Kingdom, in an operation valued at more than 500 million euros.
At the beginning of 2026, it was confirmed that Pontegadea was continuing along this investment path with participation in a joint offer valued at 11.7 billion Australian dollars (approximately 6.9 billion euros) to take over 100% of the Australian manufacturing giant. Qube logistics., although the exact percentage corresponding to the Spanish millionaire has not been made public.
Control of energy. Using the same philosophy that Pontegadea applies to real estate investments, Ortega consolidated his position in the companies that control the power distribution networks in Spain and Portugal.
It increased its stake in REN, the Portuguese electricity and gas network operator, from 12% to 13.7%, which places it as the second largest shareholder behind the Chinese electricity company State Grid Corporation, which controls 25% of the group. He occupies a similar position in Redeia, the electricity grid operator in Spain, of which he controls 5% of its capital, being also the second largest shareholder only behind the 20% held by SEPI.
The engine that moves everything: Inditex. Behind all this investment movement there is a constant generator of liquidity: Inditex. In the last five years, Zara has increased its value by 98% and has increased its dividend by 88%, which has meant an income of 14.6 billion euros for Ortega. only in dividends. That constant cash flow It has been what has allowed us to finance the most active year in decades for Pontegadea.
The result of this financial activity has been reflected in the form of an increase of 4.9% in the fortune of Amancio Ortega during 2025. Although it is a notable increase, the fortune of the founder of Inditex grew less than that of other large Spanish assets such as Rafael del Pino (34%) or Juan Roig (13%).
In Xataka | Amancio Ortega: the billionaire who lives like another neighbor. Except for private jets and superyachts
Image | GTRES, Unsplash (Sergio Kian)
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