 "Amancio Ortega")
After making a fortune in clothing, Amancio Ortega turned his attention to real estate.
The Spanish billionaire’s property holdings have soared to euro 15.2 billion ($17.2 billion), his firm revealed on Tuesday for the first time, giving him the largest real estate portfolio among Europe’s super-rich.
Ortega, 84, the founder and owner of fashion label Zara, invested euro 2.1 billion in real estate last year through various subsidiaries of his holding company Pontegadea, according to an emailed statement. Pontegadea, which owns 59.3 per cent of Zara parent Inditex SA, had a net income of euro 1.8 billion for 2019, including euro 1.64
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