ZARA Boss Amancio Ortega Made 1 Years Of Real Estate Making 13 Billion

The richest man in Europe

Its parent company Inditex SA (ITX.MC), founder of Amancio Textile Co., Ltd., Amancio Ortega, is also a real estate stealth rich. After many years of searching for gold lots in the world, its property assets exceeded 6 billion euros by the end of 2015.

This is the data released on Tuesday by Amancio Ortega Pontegadea Inmobiliaria SL, a real estate investment company.

Amancio Ortega has been controlling its own empire through its holding company Pontegadea Inversiones SL, Gartler SL and Partler SL, and Pontegadea Inversiones is the most important company. It not only fully controls the main operation of real estate acquisitions, but also has previously been listed on the market, holding more than 50.01% of the 59.29% stake in the group.

The shareholders of Pontegadea Inversiones SL include Amancio Ortega's current wife Flora P e rez, and her children Marta Ortega, Sandra Ortega and Mr. Yu, who is the chairman of the company in person.

Pontegadea Inmobiliaria SL, the 6 billion 58 million euro assets up to the end of 2015 increased by 8.3%, or more than 500 million euros, to make it one of Spain's largest Real Estate Company. The rental income rose to 83 million euros from 83 million euros in 2014 to 85 million euros in 2014.

Pontegadea Inmobiliaria SL spokesman again stressed that the company did not have a listing plan.

Pontegadea Inversiones SL revealed that the value of real estate assets at the end of last year was 6 billion 670 million euros, an increase of 1 billion 766 million euros over the previous year.

Last year, the company achieved net profit of 810 million euros, up 5.2% over the same period last year.

Amancio Ortega is the high dividend earned by the Pontegadea Inversiones SL from the Inditex SA Paris Indo textile group. In the past 15 years, without borrowing money, it can buy it in cash in London, Paris, Madrid, New York and Toronto.

In addition to the establishment of hotels and office buildings, the acquired property is mainly owned by Inditex SA Indo textile group.

Provide rental services and charge high rent.

This is similar to the ITX Merken BV function of Inditex SA Indo Textile Group Holland company, ITX Merken BV mainly relies on the collection of brand royalties and store construction support to make profits.

Because of their property rented to their own company, Inditex SA Indo textile group may pay the rent higher than the market price intentionally, while Amancio Ortega Ortega holds the property owner company in a country with lower tax rates to avoid tax, so Amancio Ortega has been questioned by the outside world for tax avoidance.

Pontegadea Inversiones SL also provides store rental for competitors.

For example, in 2015, Amancio Ortega purchased 400 million Oxford property in the eastern part of Oxford Oxford Street, and the Gran Via 32 property, which was purchased for 400 million euros (market estimate), was leased to British parity.

Retailer Primark set up the largest flagship store in the region, and Madrid Gran Via 32 is also the location of H&M, Mango and Zara and its sister brand store.

In 2015, Amancio Ortega also spent $370 million and $145 million to purchase the entire block on the edge of Miami Beach and Broadway Avenue in New York, Broadway, and E.V. Haughwout Building, the oldest iron building in the city, and the Chicago Esquire theatre.

In January this year, the 80 year old rich again took the lead in the London real estate market. He threw 225 million pounds to buy Almack House near Buckingham Palace, so that his property in London was worth more than 1 billion 600 million pounds.

In February, Amancio Ortega continued to win the 22 storey building in South Korea's Ming hole. This is the first time that he has entered the Asian real estate field at a cost of 300 million euros.

In the past June, he bid $67 million 600 thousand from the hotel investment company KHP Capital Partners to buy a hotel in New York Manhattan Murray Hill Park Avenue 68.

Carles Vergara, a professor of finance at Iese Business School, points out that all investments in Amancio Ortega are located in the central region and are stable and reliable sources of profits, almost comparable to sovereign funds.

Zara parent Inditex SA maintains high speed sales growth only market doubts growth persistence

While the real estate projects are advancing vigorously, Inditex SA India India Textile Group is also strong.

According to the no fashion Chinese network (micro signal: nofashioncn) data, the world's largest apparel retailer has maintained rapid growth in the last quarter, and sales and profits have exceeded market expectations.

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In the first three months to the end of April, the group's net sales increased by 11.5% to 4 billion 879 million euros compared to the same period last year. After the exchange rate effect, the group's sales increased by 17%. In the first half of the two quarter of May 1st, -6, the fixed exchange rate group sales also increased by 15%.

However, the performance of earnings was weaker, and the growth rate slowed sharply compared with the first quarter of fiscal year 2015 and the whole year.

Net profit increased by 6.3% to 554 million euros per annualized year, even though it was 547 million euros better than the market expected, but the growth rate reached 28% and 15% in the same period last year and 2015 fiscal year respectively.

Profit margins also showed a setback. The core profit margin of EBITDA fell from 20.5% in the same period last year to 19.6%, and gross profit margin also dropped by 130 basis points to 58.1%.

Barclays PLC PLC (BARC.L) Barclay said in her research report that Spain's wage expansion in the past two years was at the headquarters of the Inditex SA, India and India Textile Group headquarters and most of the logistics infrastructure. The current growth rate is 5%. The bank estimates that the gross profit margin of the group will be significantly affected in the next two years.

Inditex SA (ITX.MC) has only fallen 0.5% in the past 12 months, much less than 25.4% of the IBEX IBEX index in the past year.

According to Bloomberg rich list, Amancio Ortega is currently sitting on the second richest in the world with a net asset of 73 billion 400 million dollars, leaving 7 billion 400 million of the third richest Warren Buffett Warren Buffett, but 14 billion 300 million dollars from the richest Bill Gates Bill Gate.