Drea Knufken
Selling fashion can make you a billionaire. Just ask the Inditex Group’s Amancio Ortega, whose fashion conglomerate makes up the world’s biggest clothing retailer. Inditex runs Zara, Stradivarius, and six other global brands. It has 4,500 stores in 73 countries, according to Forbes. Forbes also writes that Ortega “owns a luxury apartment complex in Miami; properties in Madrid, Paris, London and Lisbon, a horse-jumping circuit, an interest in a soccer league; has investments in gas, tourism and banks.”
Like closest competitor H&M, Inditex has the ability to design and produce garments in a two-week time frame, making it a threat to luxury brands—and the two or three other tycoons who own those brands.
