The 83 Year Old Owner Of Amancio Ortega Grew To 10 Billion Euros In Real Estate Wealth.

Pontegadea Inversiones SL, the controlling shareholder of Inditex SA (ITX.MC), the world's largest apparel retailer, released its annual report. The value of the real estate held by the company rose by 11.5% to 9 billion 767 million euros at the end of 2018.

The 83 year old Amancio Ortega Oman Theo Ortega founded Pontegadea in 2001. It is another revelation to the retail industry after its establishment of the fast fashion brand Zara: through controlling commercial real estate and related transactions, the overall profit of retail business and commercial real estate will be maximization.

Spaniards have been buying property in major cities such as New York, London and Madrid in the past 10 years, thanks to huge dividends received from India and Fang Group.

Pontegadea Inversiones SL owns 1558637990 shares or 50.01% of the controlling shareholder through the Gartler SL of the subsidiary. Amancio Ortega's current wife Flora P e rez is the legal representative of the two companies, and also serves as the director of the India Textile Group.

In addition, Amancio Ortega also controls more than 9% shares of indindo through Partler 2006 SL, and the richest group in Spain holds 1848000315 or 59.294% shares of Indy square through two companies.

In the 2017 fiscal year, Indy Fang distributed more than 2 billion 300 million euros in dividends, of which the average dividend of 0.375 euros per share was paid in May 2018. In November 2, 2018, the ordinary dividend of 0.165 euros per share and the special dividend of 0.210 euros per share and the final dividend of 0.375 euros per share were also issued. Amancio Ortega received a total dividend of 1 billion 386 million euros, an increase of 10.4% over the 1 billion 256 million euros in fiscal year 2016.

3 the mid fiscal year 2018 annual report shows that Indo textile group sent 0.88 euros in 2018 annual dividend, divided two times in April 30th and November 1st distributed, Amancio Ortega total get 1 billion 626 million euros of dividends.

The Spanish billionaire made a big investment in the US commercial real estate at the end of March. Pontegadea Inversiones SL acquired Troy Block of two office buildings in Seattle through its Ponte subsidiary of Miami subsidiary. The tenant of the property is the world's largest online retailer Amazon Inc. Amazon, whose transaction price is $740 million and the seller is USAA Real Estate.

However, in 2017, Pontegadea Inversiones SL's investment in real estate was only 416 million euros, and another investment in science and technology was to acquire Telxius 9.99% shares by 378 million euros. Telxius is the infrastructure business that Spain Telecom Telefonica divestied in 2017.

Although the value of real estate is close to 10 billion euros while controlling the largest clothing group, the ranking of Spain's richest man in the past two years has been declining due to the downturn in Indy's share price. In 2016, Amancio Ortega, once the world's richest man, once ranked the seventh in Forbes Sh's richest list, with a fortune of 69 billion 320 million dollars.

Even the richest position in Europe has also given way to LVMH Mo t Hennessy Louis Vuitton SE (MC.PA), the chief executive of MOET & CHANDON Hennessy LV group, Bernard Arnault Bernard Arnott, who has been expanding rapidly in the past two years with the luxury market started in the second half of 2016. Now it ranks third in the Forbes real time rich list, with a total fortune of 103 billion 340 million dollars, behind Amazon's founder Jeff Jeff Bezos family's 164 billion 50 million dollars and Microsoft founder Bill Gate 103 billion 910 million. Author: Flower broken