The richest person in Europe, Ortega opened the first Zara fashion shop in 1975. Now, the chain, part of Ortega's Inditex group, has 7,000 shops globally. Its boom in popularity is largely due to a low cost model that competes with the likes of H&M. As Zara and Inditex grew in size, Ortega held on to a majority stake of 59 percent in the company, which has a market value of over 97 billion euros ($102 billion).

0
0
0
0
0

Load comments