Zara Owner Amancio Ortega to Pay Record €3.2 Billion Dividend

Inditex Announces 4% Dividend Increase

Inditex SA, the parent company of fashion retail giant Zara, has announced a 4% increase in its dividend payout to €1.75 per share for the current year. This move is expected to result in a significant dividend payment of approximately €3.2 billion ($3.7 billion) to its largest shareholder, Amancio Ortega.

As the co-founder of Inditex, Ortega holds a 59% stake in the company through his family office Pontegadea Inversiones. With a net worth of approximately $126.7 billion, Ortega ranks as the 15th wealthiest person in the world, according to the Bloomberg Billionaires Index.

Inditex shares have experienced a significant surge of 33% over the past two years, reaching a record high in February. The company's market capitalization stands at €167.6 billion, solidifying its position as the world's largest listed clothing retailer.

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Ortega typically allocates the majority of his dividend payments towards purchasing high-end commercial and residential properties in major cities. His family office, Pontegadea, has also invested in renewable energy projects and infrastructure, including power, gas, and telecom. Notable properties acquired by Pontegadea include New York's Haughwout Building, the Southeast Financial Center in Miami, Toronto's Royal Bank Plaza, and The Post Building in London.

Pontegadea recently joined a consortium led by Macquarie Asset Management to acquire Qube Holdings Ltd., a ports and rail operator, in a deal valued at approximately A$11.7 billion ($8.3 billion). Additionally, Pontegadea has made significant investments in other properties, including The Post Building in downtown Vancouver, which it acquired last year for over $105 million, as well as a 49% stake in the UK's PD Ports.