Zara Founder to get ₹8,800 crore payout after record sales
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).