Ortega

Inditex made Amancio Ortega a billionaire. Now he is also the richest real estate tycoon in the world

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Amancio Ortega built the largest fashion group on the planet from scratch, became the largest fortune in Spain and the twelfth in the world. Now, he has just added a new record to his career: it is the largest real estate owner in the world thanks to Pontegadea’s investments. According to the calculations of Forbes, After analyzing corporate documents, property records and data from the Regrid and Real Capital Analytics platforms in nine countries, the real estate assets of Amancio Ortega It would be valued at 25 billion dollars, about 21.2 billion euros at the current exchange rate, spread across more than 200 properties in 13 countries. This figure exceeds that of the Australian promoter Harry Triguboff, with 23.2 billion dollars in assets and that of the American Donald Bren, with 19.2 billion, until now the great references in the sector. From hanger to brick. However, what is most surprising about this second empire that has been created is that Inditex and Pontegadea could not be more different, although both have a key point in common: the Inditex dividends. The original wine of Pontegadea emerged in 2001, when Inditex debuted on the stock market. Ortega then sold a 13.5% stake in the textile company for $1.1 billion and with that capital founded Pontegadea, his investment vehicle. From that moment, Amancio Ortega stopped being the beneficiary of the dividends generated by the textile giant and placed Pontegadea and Partler as his representatives and beneficiaries of its millionaire dividends. In 2026, the family office de Ortega will collect 3,234 million euros in dividends for Inditex’s results in 2025, a personal record figure. A portfolio of Premium buildings around the world. Pontegadea’s strategy is simple to explain, but almost impossible to replicate: buy the best buildings of the market, in strategic and irreplaceable locations in the main cities of the world, and find solvent tenants to sign long-term rentals with them, obtaining income from day one. His properties include iconic buildings such as the 43-story Picasso Tower in Madrid (which he bought for $540 million in 2011), the Devonshire House across from Green Park in London for which he paid $671 million in 2013, Amazon’s headquarters in Seattle, and in Canadaor the Royal Bank Plaza in Toronto, which is undoubtedly its crown jewel. In 2025 alone, Ortega closed 13 purchase operations in 10 cities in eight different countries, spending more than 3 billion dollars. Among its tenants we find names like Inditex itself, which rent the premises from its best stores, Amazon, Apple, Meta, Nike, Spotify, FedEx, Home Depot and Walmart, and even its biggest rival in textiles: Primark. Pontegadea has also diversified into logisticsluxury housing for rent and port infrastructure either energy networks. No debt, no rush and very few sellers. What differentiates Pontegadea from the rest of the large real estate investors is that Ortega’s investor seems to have unlimited funds, thanks to the billion-dollar dividends it receives each year from Inditex, and that it annually invests entirely in brick without incurring debt with its operations. A real estate agent who has worked with the firm told Forbes: “They buy collectible assets that are the best on the market. They are more like a art collector that looks for the most exclusive works of art.” Of their entire portfolio, according to the Real Capital Analytics database consulted by the American magazine, they have only sold 10 buildings in more than two decades. This also differentiates them from the rest of the real estate companies, which tend to get rid of their buildings after four or five years. More investment, less taxes. Behind the expansion of Pontegadea and its recent European structuring based in Luxembourg, There is also a very fine-tuned fiscal logic. In Spain, the wealth tax, to which the solidarity tax aimed at large fortunes was added in 2022, penalizes uninvested cash. Therefore, Ortega’s strategy is to keep 100% of the dividends he receives from Inditex invested in productive assets to increase their value and reduce the tax bill. According to Forbes, Ortega has saved about $800 million in wealth taxes since 2001 thanks to this constant reinvestment in real estate, infrastructure and energy with Pontegadea. Furthermore, by channeling the collection of Inditex dividends through Pontegadea and Partler, Ortega benefits from a tax exemption designed for business holdings. paying taxes at 1.25% instead of doing it for the 28% that applies to personal income tax. On the whole, Forbes It estimates that this mechanism has allowed it to save about $7 billion in taxes on these dividends in the last 25 years. In Xataka | Spain has more and more “billionaires” and a big shot who leaves their fortunes as anecdotes: Amancio Ortega Image | GTRES, Unsplash (Sergio Kian)

While most citizens pay the electricity bill, electricity pays Amancio Ortega: 49.2 million in dividends

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There are people who pay electricity bill every monthand people who are paid by “the light”. Amancio Ortega belongs, without a doubt, to the second group. The founder of Inditex will earn 49.2 million euros this year in dividends from three energy companies in which it has participation: Enagás, Redeia and the Portuguese REN (National Energy Networks). Despite being a considerable sum in terms of dividends, those 50 million euros seem like pocket change when compared to the amounts of its large business, 3,234 million euros that will receive from Inditex in 2026 for 59% of the shares it controls through its investment instruments Pontegadea and Partler 2006. Redeia: the largest energy check. Ortega’s most profitable participation, in terms of dividends, within the energy sector It is the one that the millionaire maintains in Redeia, the company he manages the Spanish electrical network. Through his company Pontegadea Inversiones, the businessman settled in La Coruñaacquired 5% of the company’s capital in July 2021 for approximately 456 million euros. With this position, it is the second largest shareholder in the company, only behind the State, which owns 20% through SEPI. The Board of Directors of Redeia will propose to the General Meeting the distribution of a dividend of 0.80 euros per share charged to the 2025 results, of which 0.20 euros They were already paid in January and another 0.60 euros are planned as a complementary dividend in July. Taking into account Ortega’s percentage of participation, that means about 21.6 million euros for Pontegadea, the same amount as the previous year. Furthermore, the Redeia’s new strategic plan For the period 2026-2029, it foresees a dividend that the company describes as “growing and sustainable”, to reach 0.87 euros per share in 2029, which represents an annual increase of 2%. In this way, Pontegadea, as representative of Ortegawould receive about 91 million euros over the next four years. The Portuguese bet: REN. Ortega’s other great energy pillar in 2025 has been the Portuguese REN, the Portuguese equivalent of Redeia. Far from settling for its initial position, Pontegadea expanded its participation in REN last yearpurchasing an additional 1.7% until reaching 13.7% of the capital. With that move, Ortega consolidated his role as second largest shareholder of the Portuguese company, only behind the Chinese electricity company State Grid Corporation of China, which controls 25% of the shares. By 2025, the REN Board of Directors proposed distribute among its shareholders a total of 106,750,601.92 euros, which corresponds to a gross dividend of 0.160 euros per share. On this occasion, the payment has been divided into two: a dividend of 0.064 euros per share has already been distributed as an advance at the end of November 2025, while a second payment of 0.096 euros per share is expected after its approval at the general meeting scheduled for April 15, 2026. The part corresponding to Pontegadea for its 13.7% of the capital represents about 14.6 million euros in total, which They add to those of its Spanish counterpart. A commitment to energy diversification: Enagás. The third leg of the energy business of the founder of Inditex is Enagás, the company that manages the natural gas network in Spain. Pontegadea acquired 5% of its capital at the end of 2019, paying 281.63 million euros for that package. Today that participation is valued below the purchase price, but the difference has been compensated through the dividends collected over the years. The gas company maintains his remuneration one euro per share for this year, maintaining the containment plan that began in 2024 and will last until 2027. The dividend will be paid in two payments: one of 0.4 euros that was already paid in December 2025 and another of 0.6 euros scheduled for July 2, 2026, with a total distribution of 157.2 million euros among all its shareholders. Due to its percentage of participation, the part corresponding to Pontegadea exceeds 13 million euros. A long-term strategy. Ortega’s investment in the energy sector is not an opportunistic bet in a sector in times of economic prosperity. It is a strategy that he has been building since 2019, when he joined Enagás, and that was completed in 2021 with the entry into Redeia and REN. To this we must add the alliances that has signed with Repsol to participate in renewable energy portfolios: wind farms in Aragón and Castilla y León, and solar plants in Albacete and Cádiz, among other assets. The Pontegadea model does not consist of investments by distribution companies, but rather in companies that manage infrastructure energy companies, which offer regulated and stable income with recurring dividends year after year. They are not high risk investments nor high speculative volatilitybut in strategic sectors independently of the economic cycle. In Xataka | There is a 50-ton “nuclear reactor” in a bunker in Fuenlabrada: it has been donated by Amancio Ortega Image | Pexels (Jan Kopriva), GTRES

those of Amancio Ortega, Rafael del Pino and Juan Roig

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Unlike what happens in the United States, fortunes of millionaires in Spain They have been simmering for decades. They grow slowly, but without stopping. In Spain, only three surnames concentrate wealth that far exceeds 166.25 billion euros and, year after year, it reinforces its position in global rankings. Names like Amancio Ortega, Rafael del Pino or Juan Roig They appear in the headlines every day, but they are only the visible head of some family clans that They have made their fortune grow for generations. According to pointed Forbes At the end of 2025, the 100 largest fortunes in Spain together amounted to 292.1 billion euros. This represents some 16.6 billion euros more than the previous year. Of that total, almost 57% is in the hands of three families of millionaires represented by Amancio Ortega, Rafael del Pino and Juan Roig. The Ortegas: the clan that monopolizes the podium Amancio Ortega is the greatest fortune in Spain and the only Spaniard who competes on a sustained basis with the richest people on the planet. The Forbes millionaires listcurrently places him in 13th place in the world, with an estimated fortune of 120.55 billion euros (130.2 billion dollars at the current exchange rate). Adding the assets of his daughter Sandra Ortega Mera, the second largest fortune in Spain with about 12,144 million euros according to Forbeshe Ortega family clan exceeds 132,550 million euros. The origin of this wealth has two main pillars. The first is the 59.05% of Inditex that it controls through Pontegadea Inversiones and Partler Participaciones, which in 2026 will report a record dividend of 3,234 million euros. For her part, Sandra Ortega controls 5.053% of the shares of the company that her father founded. The second great pillar of the family fortune is Pontegadea, the real estate and investment holding company founded by Amancio Ortega to reinvest the dividends from Inditex, in real estate securities distributed throughout the world, managing a valued real estate asset at 122,000 million euros. The Del Pino family and Ferrovial The second position in the ranking of the richest families in Spain corresponds to the Del Pino Calvo-Sotelo clan, with a joint assets estimated at 18,250 million euros. Rafael del Pino, president of Ferrovial, increased his personal fortune up to 8,000 million euros in 2025, while his sister María del Pino adds another 5.5 billion of euros to the family total. The younger brothers, Joaquín and Leopoldo del Pino, contribute an additional 2,150 and 2,600 million euros. The source of this wealth is the 20.45% stake that Rafael del Pino controls in Ferrovial through his Dutch company Rijn Capital, an infrastructure company listed simultaneously in Madrid, Amsterdam and the New York Nasdaq, whose market capitalization exceeds 39.5 billion euros. Ferrovial closed 2025 with revenues of 9,627 million euros, 8.6% more than the previous year, and a net profit of 888 million euros. The Roigs and the power of Mercadona The third position in the ranking of the richest families in Spain is occupied by the Roig clan, with one of the most striking increases of the year. The joint fortune of the family of the founder of Mercadona amounts to 14,440 million euros in 2025. The main amount comes from Juan Roig’s personal wealth, which went from 5.78 billion euros in 2024 to 7.9 billion euros in 2025, an increase of 36.7% in a single year. According to ForbesIn 2026, Roig’s fortune is estimated at around 9.29 billion euros. His wife, Hortensia Herrero, has a personal assets estimated at around 5,150 million euros. Juan Roig and his wife Hortensia Herrero control almost 71% of Mercadona, while his brother Fernando Roig owns another 9% of the company’s capital. Valencian supermarket chainwhich is equivalent to 2,390 million euros Mercadona is the main supermarket chain in Spain, and closed in 2025 generating a net profit of 1,729 million euros and a turnover of 41,900 million euros. This increase in income has caused the personal assets of its founders to also grow. In Xataka | There is a 50-ton “nuclear reactor” in a bunker in Fuenlabrada: it has been donated by Amancio Ortega Image | Wikimedia Commons, , GTRES, Ferrovial

Marta Ortega prepares the move of the offices of four Inditex brands, but not to Galicia: to Barcelona

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The price of land within large cities makes it impossible for companies to develop their corporate infrastructure in them, and they are forced to look for that space at a more reasonable price. on the periphery. Inditex has decided to do exactly the opposite. The textile giant founded by Amancio Ortega has opted to take the opposite path and bring Barcelona closer to its next big corporate campus and build it next to the iconic Three Chimneys, in one of the enclaves of the metropolitan area What else is changing? in recent years. The project plans to move the offices that four of its brands currently have in Tordera (Maresme) to this new space, converting an old industrial land into the new business heart from an area that has been waiting for its opportunity for decades. An industrial floor that is reinvented. The land chosen for this project is the old site of the Schott Ibérica factory, in Sant Adrià de Besòs, which Inditex acquired in 2018. The local town council has approved initially an Urban Improvement Plan that covers nearly 90,000 square meters of land, where the new brand campus and a hypermarket Alcampo relocated to a new building. The new business proposal establishes a clear separation between the commercial use area, to the north, and the Inditex corporate campus, which will occupy most of the complex in the southern area, with 67,243 square meters intended entirely to house different offices of the Inditex brands. Four brands, one campus. The facilities that Inditex has in Tordera and Palafolls (Maresme) today house the headquarters of Massimo Dutti, Bershka, Oysho and Lefties. With the move to Sant Adrià, these Maresme facilities will be able to dedicate themselves exclusively to logisticsstrengthening the group’s distribution capacity for those four chains in all its markets. The Zara and Zara Home offices are the only ones that do not change their location on the Arteixo campus, in its headquarters in La Coruñawho has also experienced a significant expansion with a complex of about 170,000 square meters. In Sant Adrià, the new Inditex campus will add a total of 164,098 m2 built distributed in four buildings with a ground floor and four floors, organized around three interior patios connected on the ground floor. These buildings will house offices, pattern-making workshops, pilot stores, audiovisual production and technology spaces. The locomotive that the neighborhood is waiting for. However, the importance of this move lies in the impact on the local economic fabric that the presence of an industrial giant like Inditex provides. The mayor of Sant Adrià, Filo Cañete, considered that the arrival of Inditex represents an exceptional opportunity to position the municipality as a benchmark for innovation and business activity in the metropolitan area, and highlighted that among the reasons that the company has valued most are the location and “good connectivity in public transport with metro, tram and train.” The campus will bring with it the arrival of around a million workers to a municipality that aspires to become one of the new economic districts of the Barcelona metropolitan area. To this end, the promoters undertake to pay the Sant Adrià City Council some nine million euros to finance two bridges that will connect the campus with the future audiovisual hub of Catalunya Media Citytransfer 10% of the urban use generated and restore the chimney of the old CELO factory, cataloged as Cultural Asset of Local Interest. Our sights set on 2030. The project still has to overcome some steps before becoming a reality. As and how I collected The Newspaperthe town councils of Sant Adrià and Badalona must consolidate the urban plan for the area, necessary by Catalan legislation to authorize large commercial areas of more than 2,500 square meters in municipalities with more than 50,000 inhabitants. With the municipal decree approved on February 27, 2026, a one-month public information period was opened to present allegations. If the deadlines are met, the partial opening of the campus is planned for 2028, with complete completion of the set towards 2030. Inditex has more than 8,500 employees and more than 170 stores in Catalonia, and this new campus will reinforce the axis between Galicia and Catalonia as the backbone of its global activity. In Xataka | Amancio Ortega is the landlord of Amazon, Primark and Zara: he has charged them almost 1,000 million euros in rent Image | Wikimedia Commons (Margavela), GTRES

A single shareholder will earn 3,234 million euros thanks to Inditex’s record profits: Amancio Ortega, of course

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There are companies that never stop breaking their own records and Inditex is one of them. The Galician group that owns Zara, Massimo Dutti or Pull&Bear has closed its 2025 fiscal year with a record net profit of 6,220 million euros, which is 6% more than the previous year. It is the fourth consecutive year that Inditex exceeds its own historical highs. However, what is really striking is not only the record achieved by the textile giant based in Arteixobut that record profit also implies unprecedented dividends for its shareholders. The 2026 dividend is the largest that Amancio Ortega will receive from Inditex in the entire historical series. No less than 3,234 million euros. A billion-dollar dividend. The Board of Directors of Inditex approved in its presentation of 2025 results the distribution of dividends among its shareholders. Given the increase in profits obtained this year, Inditex will offer a total dividend of 1.75 euros gross per share, which represents an increase of 4.17% compared to what it delivered the previous year. This dividend is made up of two parts: an ordinary component of 1.20 euros per share, equivalent to 60% of net profit, and an extraordinary payment of 0.55 euros per share. As is customary for the textile giant, the distribution of this dividend will be carried out in two equal payments of 0.875 euros per share. The first, scheduled for May 4, 2026, and the second will be sent on November 2, 2026. Two dates on the calendar that, for Amancio Ortega, have a very specific economic implication. What happens to Amancio Ortega. With a participation of 59.29% of the capital, distributed between his company Pontegadea (50.010%) and Partler Participaciones, Amancio Ortega controls 1,848 million shares of Inditex. Applying the dividend of 1.75 euros for each share, the resulting figure is 3,234 million euros gross, which implies surpassing the barrier of 3,000 million euros for the second consecutive year. Ortega received 3,104 million euros in 2025 for this same concept. To put this data in a little perspective, in the last five years, Inditex has raised its dividend by 88%. During that period alone, Ortega has earned 13.12 billion euros in dividends. Almost half of that amount, about 6.3 billion, corresponds only to the last two years. 100% of that income has gone directly to the accounts of Pontegadea, with which it makes all the investments that have led it to become the largest Spanish real estate by value of assets and one of the largest in Europe. The rest of the Ortega family also receives dividends. Despite being the largest company on the Ibex 35, Inditex has not lost the participation of the Ortega family, so its founder is not the only one who benefits from the distribution. His eldest daughter, Sandra Ortegacontrols 5.05% of the capital through the Rosp Corunna companywith 157.48 million shares without voting rights. For them, he will receive 275 million euros in dividends. A figure that, by itself, would be an extraordinary income for any medium-sized company. Curiously, Marta Ortega, youngest daughter of the tycoon of fashion and current president of the company, only controls 42,511 Inditex shares, for which she will receive a payment of 74,400 euros for those dividends. An abysmal difference with respect to his father. In Xataka | Amancio Ortega: the billionaire who lives like a neighbor (except for private jets and superyachts) Image | GTRES, Unsplash (Igal Ness)

Amancio Ortega takes Pontegadea’s logistics business further than ever: to Australia

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In its efforts to expand the reach and diversification of its logistics businessAmancio Ortega, is leaving our antipodes, to buy a significant stake in an Australian logistics giant. This operation represents Pontegadea’s first entry into the Australian continent and strengthens the investment arm strategy of Ortega in the global logistics sector, an area that the millionaire has proven to control very well since it is the key to Inditex expansion as a global fashion giant. The Australian adventure of Amancio Ortega. According to information of Financial Review Spanish magnate, through his family office Pontegadeais going to join a group of investors led by the Macquarie Asset Management fund, to present a purchase proposal for 100% of the Australian technology giant. Qube logistics. The operation values ​​the company at 11.6 billion Australian dollars, which is equivalent to about 6.9 billion euros. This offer involves paying 28% more for each Qube share than the price at which it was trading just before the first proposal was made known. The purchase would be made through an agreement approved by shareholders at a meeting, without the need for a traditional public purchase offer process. Macquarie already owns 18.4% of the company, so the operation would ensure control of the rest of the shareholders. His first operation in Australia. This is the first investment that Pontegadea makes outside Europe or USAand is committed to addressing it by diversifying its logistics business. As is customary every time Pontegadea faces a new challenge, it does so from a conservative profile staying in the backgroundletting its partners take the initiative in direct management. On this occasion, the operation is led by the consortium formed by Macquarie, which includes other investment funds such as UniSuper, Brighter Super and Mercer. The intention with this purchase is to take advantage of Qube’s position in the Australian and New Zealand supply chain to expand into Asia, where trade is growing. Qube Business. Sydney-based Qube is the largest import and export logistics operator in Australia, New Zealand and Southeast Asia. It is responsible for storing goods, managing ports, distributing containers by road and manufacturing transport equipment, in addition to providing services to sectors such as mining, energy and construction. The purchase of this company coincides with Pontegadea’s recent investments in the port operatorsand logistics warehouses, but it opens a new investment door, bringing the company closer to the import and export business with Asia. Previous investments in logistics. Although this is its first foray into Australia, Pontegadea has already invested significantly in logistics assets in Europe, the United Kingdom and the United States. In October 2025 bought a logistics center of 80,000 square meters in the vicinity of Liverpool, leasing to Amazon, for 81 million euros. In addition, Pontegadea acquired a portfolio of warehouses and logistics platforms in Europe and the United States for more than 900 million dollars, and entered the British port business with the purchase of 49% of PD Ports. These operations show a clear commitment to diversifying Pontegadea’s portfolio towards logistics infrastructures in different countries, and not focusing only on real estate investments. In Xataka | Amancio Ortega has been donating millions of euros to Spanish hospitals for years. The question is if there is something more fundamental Image | GTRES, Unsplash (Nathan Cima)

Sandra Ortega rents hotels to hotels. Amancio Ortega has copied the model with a luxury hotel in Paris

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If Amancio Ortega is characterized by something, it is his proven sense of smell. the real estate business by the hand of your investment company. In July 2025, the millionaire founder of Inditex closed the purchase of one of the most luxurious hotels in the center of Paris. The hotel business is not Ortega’s strong suit, but the buildings that house these hotels are, which later rents to large hotel chains. This play is not one more purchase from the tycoonis a business model in which her eldest daughter: Sandra Ortega specializes. The Radisson Hotel Group firm, owned by the Chinese Jin Jiang, and the second largest hotel company in the world, has announced that in the summer of 2026 it will open a new establishment in the building that Amancio Ortega purchased. The great purchase in the heart of Paris. Pontegadea paid 97 million euros in July 2025 for the Banke Hotel, a five-star hotel with 91 rooms that until now was owned by the Derby Hotels chain. Although the purchase of this building is far from being the most expensive investment of Pontegadea, it is the most expensive asset of the hotel investment company. As usually happens in buildings you acquire Pontegadea, the Hotel Banke is located in one of the most exclusive areas of the French capital: on rue de La Fayette, a stone’s throw from the Galeries Lafayette and the Opera Garnier. A privileged location for tourists and executives. Solvent tenants and immediate profitability. Pontegadea strictly follows a common pattern in all its real estate operations: selecting buildings in privileged areas and securing contracts with immediate tenants of maximum solvency for them. Amazon, Google, DHL, Apple, Spotify, Primark itself and Inditex franchises are its main clients. This makes Pontegadea begin to make its properties profitable immediately. In the case of the Banke Hotel in Paris, Pontegadea signed with Radisson Hotel Group almost immediately after its purchase. Given the location and the category that the building already held, the hotel firm has decided to operate it under the Radisson Collection, its most exclusive brand. Of the 905 hotels managed by Radisson around the world, only 42 belong to this line, 4.6% of the total, which highlights the premium level they have given to Ortega’s project. History of the building and its key renovation. This property was built in 1907 as a bank headquarters and was transformed into a hotel in 2009, preserving that historical charm that is so popular in Paris. The hotel closed at the end of September to undertake a series of reforms to adapt it to Radisson standards, opening as Banke Opera Paris in the third quarter of 2026. Radisson’s statement said: “The 90-room hotel will undergo a comprehensive renovation that will reflect a contemporary interpretation of Parisian elegance. The property features a striking Belle Époque facade and classic architectural details, including a famous staircase designed by Gustave Eiffel. Guests will be welcomed into a 19th-century atrium that will house a reception, bar and restaurant. Additional amenities include a state-of-the-art gym and wellness facilities in the former bank vault, as well as an attractive offer for meetings and events. The intelligent strategy of the Ortegas. Amancio Ortega and his daughter Sandra have polished a winning formula: acquire iconic properties in key metropolises such as Paris, New York or Miami, make the necessary tweaks and then rent them to top hotel operators. This ensures a fixed income without worrying about daily management, maximizing the value of its premium locations. In France, Pontegadea has seven acquisitions, six of them in Paris, including an office building for 227 million euros in 2024 near the Opera, integrated into the ambitious Grand Opera project. Sandra faithfully follows this paternal model, diversifying the family empire into high-end hospitality. The expanding hotel portfolio. Pontegadea started in hospitality in February 2021 with the Senator Playaballena in Cádiz for 25 million euros. In December 2023, he added two boutique hotels in Palma de Mallorca for 35 million to a Swedish group, showing how they climb from Spain to the world. Ortega’s hotel business extends across the pond, with the Epic Hotel in Miami and the Iberostar on Park Avenue in New York. Meanwhile, Radisson reinforces its presence in France with four more openings, reaching 34 hotels in total and 11 in Paris with around 1,700 rooms, thanks to strategic partners such as Pontegadea. In Xataka | Seven of the ten largest fortunes in the world in 2026 are due to AI: this illustrative graph makes it very clear Image | Gtres, Tripadvisor

Spain adds eight more billionaires in 2025. A single fortune accounts for six out of every ten euros: Amancio Ortega, of course

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Before the arrival Christmas lottery and change the luck of some people, the latest report ‘Billionaire Ambitions 2025’ from UBS, reveals that Spain is experiencing a new leap in the elite of great fortunes, with more billionaires than a year ago. But that’s not all, since the report indicates that not only has the number of billionaires increased, but the volume of existing assets has also grown. That is, richer than they are richer. The rest of us mortals only hope to be healthy after the Lottery draw. Spain wins “ultra-rich.” He UBS report points out that in Spain there are already 32 people with assets exceeding 1,000 million dollars. This represents a net increase of eight new ultra-rich in the last year since the same 2024 report recorded 27 assets over one billion in Spain. UBS calculates that, together, these 32 great fortunes reach 213.1 billion dollars, equivalent to about 182.6 billion euros, as calculated Forbes. …and they are getting richer. This equity volume represents a growth of 21.5% compared to the previous year, an increase that UBS links to the good performance of some of the main businessmen in the country and to the greatest concentration of assets in the hands of a few families. According to these same sources, Spanish billionaires have added around 11.6 billion dollars (about 9.94 billion euros) to the national wealth in the last year, reinforcing the weight of this small group in the economy. Six out of every ten euros in the hands of Amancio Ortega. Within this new photo of the new ultra-rich in Spain that UBS has left, the weight of the enormous concentration of wealth in a single person has not gone unnoticed: Amancio Ortega, founder of Inditex. The UBS report indicates that the Ortega’s heritage It has remained at average levels of $124.1 billion during the last two quarters of 2025, after having increased its fortune by about $21 billion in just one year. This increase marks Ortega as the owner of approximately 58.2% of all the combined wealth of Spanish billionaires. That is, about six out of every ten euros of that group are concentrated in their personal fortune. The solidity of Pontegadea and the “great success” of Inditex. The strong increase in Ortega’s assets in 2025 is explained, to a large extent, by the strength of investments of Pontegadea, already converted into one of the real estate most solvent in Europeand by the behavior of Inditex on the stock market. In fact, Ortega’s textile empire has recently experienced one of the days most bullish of the yearin which each share of the company rose by around 8.9%, closing with a revaluation of 8.86%. This surge in the stock market has directly impacted the wealth of Ortega, who controls 59.294% of the capital of Inditex, causing the valuation of his fortune to skyrocket by $16,100 to the current $140.2 billion. assigns Forbes on your list. In Xataka | Amancio Ortega has collected dividends at Inditex: he has bought Amazon’s headquarters in Canada and has money left over Image | Unsplash (Igal Ness)GTRES

The largest Primark store in Spain is a money-making machine. It is so profitable that even Amancio Ortega makes money with it

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The Primark flagship store on Madrid’s Gran Vía is not only a place to buy cheap clothes, but it has become a monument in the city, both for its size and for the historic building that houses it. The flagship store of the Irish clothing brand has just completed its tenth anniversary active and leaves us with some really interesting figures and data. One of the most curious facts is who he is. really your home. It’s almost a cosmic joke. A historical and popular monument. According to data Provided by the brand itself, the Primark store on Gran Vía has a total area of ​​12,500 square meters, making it the largest of the group in Spain and possibly one of the largest in the world. With more than five million visitors a year, it is one of the most visited commercial spaces in Spain and a key point of Madrid commerce. It is located in the Paris Building, an emblematic building designed in 1924, notable not only for its architecture, but for its artistic decoration, represented by its majestic imperial staircase and its impressive glass dome. On their roofs it rages an epic battle between figures from Greek mythology: Diana the Huntress observes from the building opposite the fight to the death between the Phoenix sent by Zeus to punish Endymion, Diana’s lover. He testimony of that fight It is reflected in the form of two lost arrows of Diana, which from the sidewalk welcome visitors at the main entrance of the store. This combination of history, architecture and grandeur makes the store an authentic “monument” on Madrid’s Gran Vía. Official data and operating figures. According to the study data carried out by the consulting firm AFI on the occasion of the tenth anniversary of the storearound 1,000 people of 28 nationalities work there, generating 500 indirect jobs through suppliers and additional services. At an economic level, the store contributed 83 million euros in 2024 to the economy as a whole, of which 42 million euros corresponded to taxes and social contributions. To understand the economic dimension of this economic mastodon, it is enough to say that Primark’s enormous space contributes more than 10 million euros annually to the local Gross Domestic Product through its operations alone. The “unofficial data.” Jaime PlaCEO of SUOP, has started a series of videos in the TikTok profile of the teleco, which details data and figures of emblematic buildings such as the Bernabéu, the Madrid airport or, of course, the Primark megastore. Between data and estimates from the video that the businessman dedicates to this location, it is noted that the salaries of the employees who work in the store amount to approximately 2 million euros, while cleaning, security and insurance services represent a monthly expense of 100,000 euros. Added to this are 20,000 euros per month in electricity and water supplies. All this, together with the merchandise on display on its shelves adds up to an approximate cost of 11.7 million per month. The “cosmic joke”: rent. According to the data provided by Pla, among these monthly expenses, 1.8 million euros are allocated to pay the rent for the building. This point is especially striking because the building where the store is located is owned by Amancio Ortega. It is ironic that the founder from Inditex, is collecting rent of the most important store of its main rival in the sector of retail textile. Amancio Ortega, through Pontegadea, bought the Paris Building to Drago Real Estate Partners in 2015, just before the store opened to the public. It is not known exactly how much Pontegadea paid for him, but the starting price of the operation was 400 million euros. Pontegadea: the “premium” landlord. Amancio Ortega founded Pontegadea with the intention of turning into profitable investments the dividends that its founder receives each year for 59.294% of Inditex shares. with those billionaire annual dividendsPontegadea has become Amancio Ortega’s second empire Thanks to your strategic real estate investmentsOrtega has become in the home from companies like Amazon, Apple, Google, Spotify and, as if it were a cosmic joke, also from Primark, charging a millionaire rent to the main rival of the company that made him a millionaire. In Xataka | In his efforts to diversify investments, Amancio Ortega takes a new twist: becoming a port authority Image | Primark, GTRES

Amancio Ortega has once again invested where very few were looking: in the ports

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Amancio Ortega, founder of Inditex, has expanded his fortune by building a second real estate empire based on the generous dividends that he provides the textile giant that now his daughter directs. Through your investment company PontegadeaOrtega has not only invested in the best buildings in luxury apartmentshotels or commercial premises on the best streets in the world, but has now diversified its investments in a strategic sector: logistics and ports. Pontegadea enters the port business. This is not the first time that Pontegadea has tested the logistics sector, given that it already has several strategic facilities in Ireland and the Netherlands. However, the great bet of Ortega’s investment arm in the port sector has been the purchase of 49% of PD Ports last July, one of the most important port operators in the United Kingdom. Unlike its previous investments, PD Ports It is not a real estate asset, but rather it operates in a dozen ports in the east of the United Kingdom, generating more than 1.4 billion pounds a year and more than 22,000 indirect jobs, as the company claimed. in a statement. The jewel in the crown of PD Ports is the port of Teesport. Located in the northeast of the country, it is the sixth largest port in the United Kingdom and one of the 10 largest in Europe. Disembarkation of executives. Unlike other Pontegadea operations, the acquisition of PD Ports, whose investment cost figures have not been disclosed, is that Pontegadea has not limited itself to an investor role, but has taken action by assigning different “strong men” of Ortega to the company’s board of directors. As and how did he count Galicia Digital Economyone of these directors who becomes part of the board of directors of the port company is Roberto Cibeira, CEO of Pontegadea, advisor to Inditex and man of Amancio Ortega’s greatest confidence. This one didn’t come alone. Next to him sit Andrés Moreno Fernández and Ignacio Iglesias Botas, both important managers in Pontegadea, who now extend their influence to the port business. Low profile and dividends. As pointed out the economic ExpansionAmancio Ortega has chosen to enter the port sector with an approach very similar to the one he adopted with renewable energies. In none of these sectors does it have a majority in the capital of the projects, but its presence is influential enough to obtain important dividends for its operations, which maintains the philosophy focused on stable and profitable assets from Pontegadea. Coast to coast shopping. Since I was in the area, the Pontegadea negotiators they have gone shopping around Liverpool, on the west coast of the United Kingdom, to acquire PLP Knowsleya logistics center of 80,000 square meters. However, the key to this acquisition is that it is one of the largest operations centers in the United Kingdom of its tenant: Amazon. With this acquisition, Ortega adds new income from Jeff Bezos’ company, to which in addition to logistics centers, has rented its headquarters from Seattle. In Xataka | Amancio Ortega is the landlord of Amazon, Primark and Zara: he has charged them almost 1,000 million euros in rent Image | Unsplash (Marius Niveri), GTRES

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