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Zara’s Owner Sees Real Estate Fortune Rise to $16 Billion

  • Amancio Ortega, the founder of Zara, is Spain’s richest person
  • Ortega’s family office has also invested in energy assets
Amancio Ortega
Amancio OrtegaPhotographer: Miguel Riopa/AFP/Getty Images
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Amancio Ortega’s family office saw an 8.4% increase in the value of its real estate investments last year.

The billionaire Spanish retailer’s property holdings rose to 15.3 billion euros ($15.6 billion), according to a statement Thursday from Pontegadea, the firm that manages his fortune, similar to the value recorded in 2019, prior to the pandemic.