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Amancio Ortega is the world’s sixth-richest man, but is legendary for his humility. Most days he still has his lunch in the canteen with staff at the A Coruña, Spain, factory of Inditex, the fashion giant that is the source of his $60B-plus fortune.
Quietly and with little fanfare, as befitting his low profile — he almost never gives interviews — 84-year-old Ortega’s private investment vehicle Pontegadea has built up a London property portfolio which compares favourably to any in the UK capital, and which has been incredibly profitable.
Pontegadea has paid out more than £200M in dividends to Ortega and his family over the past seven years, according to an analysis of Pontegadea UK financial reports by Bisnow. These results show that 2019 was its most successful year yet, with a £96M dividend paid out.
Pontegadea’s portfolio was valued at £2.8B as of September, but since then it has bought the Post Building at the eastern end of Oxford Street for £600M, and this building was not included in the valuation.At £3.4B, that makes Pontegadea’s portfolio bigger than
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