ZARA The Boss Can Receive 3 Billion 100 Million More Rents Per Year Than He Sells Clothes.

According to foreign media reported on November 17th, according to Forbes magazine's latest statistics, the property of Zara founder Amancio Ortega reached 69 billion 100 million yuan in November 17th this year (about 484 billion 300 million yuan). He is the richest man in Europe and the richest retailer in the world.
So far, the 83 year old Amancio Ortega has set up a global real estate empire worth 8 billion 600 million pounds (78 billion yuan).
Compared to the 2018 ranking of the world's richest men, Facebook founder Mark Zuckerberg, from eighth to fifth last year, directly surpassed sixth of Ortega and Oracle boss, and Silicon Valley's richest man Larry Allison.
In the last five years, Ortega ranked fourth in 2015, third in 2016, fourth in 2017, sixth in 2018 and this year.
Ortega is the founder of the clothing giant ZARA, who retired from ZARA in 2011 but still owns 59% of the company.
According to reports, Ortega's global real estate empire includes not only Facebook and Amazon's office in Seattle, but also a large area of Oxford street in London.
In order to carry out diversified development outside the fashion field, Ortega also actively invested in real estate. At the end of last year, the value of real estate portfolio owned by Ortega Invest-holding Company reached about 10 billion euros (about 77 billion 480 million yuan).
His portfolio is mainly composed of offices, shops and hotels.
In addition to having several buildings in Madrid and Barcelona, Ortega has become the main real estate owner of London Oxford Street (Europe's busiest shopping street).
In Paris, he owns the building of the apple flagship store and the commercial building on Champs Elysees street.
A Invest-holding Company spokesman said Ortega only bought real estate in the "capital of a stable developing country" and had better be in prestigious neighborhoods.
Rafael Sambola, a professor at the IDA business school in Barcelona, commented that he also favors the "top tenants of wealth" and tends to be large multinational companies.
Ortega found that many parts of the United States are easy to reach their own standards. In recent years, he has acquired property in Miami, San Francisco, New York and Washington.
"I think he wants to diversify the exchange rate and protect himself against possible exchange rate losses, such as the decline of the euro or sterling," said Manuel Rome La, director of the finance department at IE business school in Madrid.
Ortega currently owns property in nine countries: Britain, Canada, France, Italy, Mexico, Portugal, South Korea, Spain and the United States.
He used rents charged from these properties - 405 million euros (3 billion 138 million yuan) in 2018 - to reinvest in his Invest-holding Company.