US EditionZara Founder Goes on Deal Spree to Shield $104 Billion from Tax
7 Articles
7 Articles
Amancio Ortega has reinforced his real estate activity, with operations that consolidate him as one of the most important investors in the sector in Europe in recent months. Through Pontegadea, the company with which he manages a global portfolio of prime assets —offices, hotels, residential buildings and commercial premises — the founder of Inditex has executed purchases for 966 million euros and sales for 108 million between March and July. Th…
Zara founder is dodging Spanish wealth tax
Zara founder Amancio Ortega has gone on a global property shopping spree, snapping up more than $500 million (€460 million) in real estate to protect his fortune from Spain’s aggressive wealth tax laws, according to Bloomberg. Ortega’s family office, Pontegadea, has purchased a five-star hotel in Paris, a residential block in Florida, and a commercial building on Barcelona’s Diagonal Avenue. Source
The investment company of Zara founder, Amancio Ortega, is embarking on a wave of global acquisitions
At 89 years old, the entrepreneur strengthens his value as an entrepreneur and as a philanthropist who transforms the social fabric
Zara founder Amancio Ortega's private equity firm is increasing its purchases
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