- Investment: Zara's heiress finalizes the construction of a luxury 'resort' on the Portuguese coast
- Forbes.Amancio Ortega is 5,000 million euros richer
There are only five people, but together they accumulate more than half of the wealth of the 100 largest fortunes in Spain: 78.8 billion euros (148.2 billion euros in total). They are the richest among the rich, attending the ranking published yesterday by Forbes España magazine: Amancio Ortega , his daughter Sandra Ortega , Rafael del Pino Calvo-Sotelo , Miguel Fluxá and Juan Roig . Some names will sound more than others, if only because surely you will have ever bought in Zara or filled the shopping cart in Mercadona.
Some of their fortunes began with these brands, but they grew until they became the bulky heritage they are today. Now, what do the richest do with their money? How do you invest to keep on top of the list year after year?
Top 1: Amancio Ortega
He is the founder and top shareholder of Inditex , whose dividends will report about 1,626 million euros this year. The management of these revenues and the rest of his fortune is done through the Pontegadea Group, a holding company that integrates the textile distribution activity of Inditex and real estate business. Precisely this last part has made him "one of the most active real estate investors in the country", as defined by Forbes.
The assets included in its portfolio touch a value of 10,000 million euros, according to the latest accounts deposited by the company in the Mercantile Registry.
Its real estate business has grown exponentially in recent years from a strategy based on acquiring prime assets in very selected locations of large cities with strong economic activity to manage them in the long term under a rental regime.
The US is one of its main markets. There he bought this year The Investment Building , for about 385 million dollars; two more buildings in Seattle, the Troy Blocks, for about $ 740 million, and the Eurostars Magnificent Mile for $ 72.5 million. On the other hand, the purchase of a twelve-story office building in Washington, near the White House, for about $ 230 million is final.
Top 2: Sandra Ortega Mera
Behind the father is the daughter, Sandra Ortega Mera . The firstborn of the founder of Inditex is the second largest shareholder in the textile group that includes brands such as Zara, Stradivarius, Bershka or Uterqüe.
Ortega manages its investments through Rosp Corunna , which together with Inditex shares also has stable stakes in other companies.
Precisely in Portugal, it has promoted one of its latest projects, with the acquisition of land in the Troia peninsula for 50 million to build a luxury resort on the Portuguese coast, as Aitor Hernández-Morales says .
Father and daughter share their interest in the real estate sector. In fact, Rosp Corunna was established in La Coruña in 2000 with the objective of acquiring, holding, preserving, maintaining, exploiting and disposing of real estate.
In addition, Sandra maintains the flame of philanthropy that her mother, Rosalía Mera , lit through the Paideia Foundation. This foundation has, among other objectives, the integration of people with disabilities into employment.
Top 3: Rafael del Pino
Forbes magazine qualifies Rafael del Pino Calvo-Sotelo as "one of the great winners of the year", a fact that has returned him to position number three on the list. The reason, he says, is the good evolution of Ferrovial, the company that he chairs and of which he is the highest shareholder, in the last year. The company has accumulated a revaluation of over 54% since January, which places its shares close to 27 euros (26.8 euros at the last closing).
"To evaluate it, one fact is enough," writes Forbes: his wealth has increased from 3,000 million to 4,100 million during this year, that is, three million per day .
Rijn Capital is the company through which Rafael del Pino articulates his 20% stake in the construction group. In addition, it invests in a diversified manner in different sectors and regions to reduce risks, opening and closing positions depending on the circumstances.
Miguel Fluxà-Roselló
Its assets have decreased by 500 million euros compared to last year and, even so, Miguel Fluxà-Roselló remains the fourth largest fortune in the country.
The slowdown in the tourism sector in Spain has taken its toll on the accounts of the Iberostar Group that he chairs, despite which "he maintains his strength," according to Forbes.
Fluxà-Roselló articulates its investments through several companies, among which Balear de Inversiones Inversiones Financieras, which has one of its main sectors in real estate.
Juan Roig Alfonso
Juan Roig is one of the most recognizable businessmen in our country, almost as much as Mercadona, the supermarket chain he founded in the Valencian Community and has spread throughout the country. His fortune in 2019 reaches 2,700 million euros, 1,000 million less than the previous year; controls 50.6% of the company through Finop , while his wife, Hortensia Herrero, has another 27.7%.
Their investments are mainly concentrated in supermarkets, but not only. The founder of Mercadona also has Angels Capital , a venture capital fund with which it finances business projects and promotes Lanzadera , a start-up incubator.
According to the criteria of The Trust Project
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