Skip to content

Family Office for $54 Billion Zara Fortune Goes on Deal Spree

Amancio Ortega’s firm has increased investments in global real estate and energy, diversifying away from retail as Inditex shares sank. 

Wind turbines at the Repsol SA Delta wind farm in Zaragoza, Spain.

Wind turbines at the Repsol SA Delta wind farm in Zaragoza, Spain.

Photographer: Angel Garcia/Bloomberg
Updated on

Zara founder Amancio Ortega’s personal investment firm is on a quest to diversify one of the world’s biggest fortunes away from linen suits, pearl-beaded handbags and feathered sandals.

Fueled by proceeds from his fashion empire, the billionaire’s family office, Pontegadea, has gone on a deals spree that shows no sign of abating. In the past year, it accumulated stakes in energy ventures worth more than $1 billion and spent almost $2 billion on real estate globally.