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Billionaire Zara Owner Snags $750 Million Dividend Payment
Deep Pockets
Amancio Ortega, the Spanish octogenarian and former richest person in the world, received a nine-figure dividend payment on Tuesday—for the second time this year. The nearly $750 million award was paid by Inditex, the fashion business and parent company of Zara. Ortega, worth an estimated $83.6 billion, according to Forbes, cofounded Inditex in 1975 with his late ex-wife, Rosalia Mera; he owns a majority of its shares. The company took a public relations hit this summer over allegations that it may have profited off of forced Uyghur labor in Xinjiang, China. Inditex vehemently denied the claims.