Former delivery boy now worth $53.6 billion

By Hum
in Real World News

 Share

Recommended Posts

Grand Master

Hum

Posted
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.

more

This topic is now closed to further replies.
 Share
Go to topic listing

  • Posts

    • Google's new hand-wave reCAPTCHA can be bypassed with a stock photo

      By excalpius · Posted

      I'm not unblocking my camera for this crapola. Sorry, Google.
    • Microsoft Edge gets tons of security features, including AI model that can see your screen

      By ShahinD · Posted

      It seems these features are for Business Profiles
    • Microsoft Edge gets tons of security features, including AI model that can see your screen

      By Snake Doc · Posted

      Ummmm that is what is it supposed to do. Just turn if off in settings if you do not want it analyzing your open tabs. Chrome does the same thing with Gemini. Sarfari will do the samething after Apple's AI and even more so with the release of their 27 versions that is now powered by Googles LLM/ML models. Understanding why it is doing it and how it can help you vs jumping to some conspiracy theroy is a much better approach. As long as it can be turned off, all is good. Yes the default should be off but the a lot of people would never discover these features.
    • Microsoft Edge gets tons of security features, including AI model that can see your screen

      By WaltC · Posted

      Just another reason (aside from many others) not to use Edge. Firefox 153.0b5 DEx64 has a similar feature added recently in prior builds that I will turn off at some point when I get around to it. It's the new "Something looks suspicious" page that pops up here and there. It cleverly hides itself between web pages that I've actually visited; as a result, you know, of selecting a web page and telling the browser where to go. The interesting thing is that it does not produce these warnings from pages that I, as the only intelligent user of the browser in my system, have ever directed the browser to open! What seems to be happening is that the browser looks at all the goofy ad links on a web page I do actually open and selects one that "looks suspicious" and then creates the "something looks suspicious" web page, which is neatly inserted, as mentioned, between web pages my RB ("real brain") has directed the browser to load in a session. The thing is, I usually look at links I am considering to follow before I ask the browser to load them, and in cases I have noticed where the link does indeed look suspicious, most of the time I will choose to not follow the link at all. Doesn't everyone do this or something similar? I am picky about what I voluntarily load... (I don't like links that start off fine, with a site designaiton that seems normal enough but then is followed by indecipherable alphanumeric strings many, many lines long, etc. I tend to reject those because they look suspicious. They may not be, but I don't care... I'll stay with Firefox, of course, if for no other reason than they usually let you turn off the junk you don't like. And because it isn't Edge... But at some point Microsoft will come to realize that putting your bookmarks on the left side is a Good Thing for a lot of people, just as Microsoft discovered when it had the bright idea of nailing the Windows taskbar to the bottom of the screen, when for decades Microsoft browsers had left that placement up to the user. They have finally reversed the obscenity of that decision. Finally.
    • Google's new hand-wave reCAPTCHA can be bypassed with a stock photo

      By Ccl Ncc · Posted

      Google was using the old CATPCHAs data to train their LLMs. What is the say they won't use this camera data of users to train their LLM? these companies need some strict regulations!

  • Recent Achievements

    • One Year In
      BA the Curmudgeon earned a badge
      One Year In
    • Conversation Starter
      rosiecharles earned a badge
      Conversation Starter
    • First Post
      KMilenkoski1202 earned a badge
      First Post
    • First Post
      carols23 earned a badge
      First Post
    • One Month Later
      Tom Willson earned a badge
      One Month Later

  • Popular Contributors

    1. 1
      +primortal
      513
    2. 2
      +Edouard
      258
    3. 3
      PsYcHoKiLLa
      151
    4. 4
      Steven P.
      94
    5. 5
      macoman
      66
    Show More

  • Tell a friend

    Love Neowin? Tell a friend!