Name: Amancio Ortega Gaona
Nationality: Spanish
Date of Birth: March 28, 1936
Occupation: Founder of Inditex, Business Magnate
Net Worth: Amancio Ortega has been recognized as one of the wealthiest individuals globally, with an estimated net worth of over $70 billion.

Background and Early Ventures: Amancio Ortega was born in Busdongo de Arbás, León, Spain. He started his career in the textile industry, working as a delivery boy and later as a tailor.

Inditex and Zara: Ortega founded Inditex in 1985, which stands for "Industria de Diseño Textil Sociedad Anónima." Inditex is a multinational fashion retail group that owns brands like Zara, Pull&Bear, Massimo Dutti, Bershka, and more. Zara, in particular, became renowned for its fast-fashion approach, offering trendy and affordable clothing.

Fast-Fashion Business Model: Amancio Ortega and Inditex revolutionized the fashion industry with their fast-fashion business model. They focused on quick turnaround times, vertically integrated production, and a strong emphasis on customer preferences and market trends.

Global Expansion: Under Ortega's leadership, Inditex expanded its retail footprint globally, opening stores in numerous countries across the world. Zara became one of the most recognizable and successful fashion brands worldwide.

Private and Low-Profile: Amancio Ortega is known for maintaining a low public profile. He leads a relatively private life and avoids media attention.

Philanthropy: While Ortega keeps a low public profile, he has engaged in philanthropy through the Amancio Ortega Foundation. The foundation focuses on education, healthcare, and social welfare initiatives.