Amancio Ortega, owner of Zara and other global fashion brands, has become the world’s largest real estate owner. The Spanish entrepreneur has spent approximately $24 billion on 216 properties across nearly 100 countries since 2001.
According to a broker who worked with Ortega’s firm, he “seems to have unlimited amounts of money. He likes something that doesn’t involve a lot of risk, he doesn’t try to buy and improve something. He buys collectible assets that correspond to the best class on the market.”
The estimated value of Ortega’s portfolio stands at $25 billion, encompassing more than 200 sites in 13 countries. This makes him the most successful real estate mogul globally, surpassing Australian Harry Triguboff with a $23.2 billion portfolio and American Donald Bren with $19.2 billion.
In the past year alone, the 90-year-old entrepreneur has invested over $3 billion in deals across ten cities and eight countries, acquiring office buildings, hotels, industrial zones, a shopping mall, an apartment building, and a 49% stake in a British port operator.
