8 posts in this topic

Posted

Money can't buy happiness goes the old adage, but if it could Amancio Ortega would be floating on cloud nine.

Ortega is a relatively obscure 76-year-old retail magnate and founder of the Spanish company Inditex SA. Inditex owns and operates various clothing brands with over 5,402 stores around the globe; the crown jewel of Inditex is Zara, which has over 1,600 store locations.

Between January and October of 2012, Ortega earned more than $18 billion -- that's around $66 million a day. During this short period he usurped Warren Buffett to become the third wealthiest person in the world with a net worth valued at $53.6 billion.

Ortega was born to a impoverished railway worker and had to drop out of school at 13 to work. He began as a delivery boy for a clothing shop and worked his way up to become a salesperson. While working retail Ortega had the idea to sell inexpensive versions of quilted bathrobes, claiming it was unfair that only wealthy woman could afford to dress well. He used this as the founding principle behind the rest of his retail ventures and built his empire on top of it.

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Posted

Bravo!!! Well played that man

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Posted

If he found a gap in the market worth that much, more power to him! Bravo to him.

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Posted

That's amazing! Good for him! Well deserved! (Y):)

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Posted

smart guy! find a need and fill it

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Posted

Heh, that's pretty cool.

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Posted

Just goes to show that anyone can achieve success in life if they truly desire it.

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Posted

Didn't Fry on futurama go from delivery boy to billionaire?

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