Zara Billionaire Takes €3 Billion in Dividends for First Time
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Amancio Ortega is set to receive €3.1 billion ($3.4 billion) in dividends this year from Inditex SA, the retail giant he founded more than six decades ago, the first time he’s surpassed the €3 billion threshold.
The owner of the Zara apparel chain announced Wednesday it plans to increase its dividend by 9% this year to €1.68 a share. Ortega, whose daughter Marta is the company chairwoman, is the largest shareholder with a 59% stake through his family office Pontegadea.