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Record Sales: Zara Founder to get Rs 8,800 crore payout

Record Sales: Zara Founder to get Rs 8,800 crore payout

Thursday, March 16, 2017, 2:51 PM

Billionaire Amancio Ortega, Founder of Inditex which owns retail giant Zara, has received $1.35 billion (over ₹8,800 crore) after the fashion group reported record sales and profits. Ortega, who is the world’s fourth-richest person and the wealthiest European, will receive the cash as dividend payments. Notably, Ortega has an estimated fortune of around $72 billion (nearly ₹5 lakh crore).
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