Amancio Ortega, founder of Zara, has aggressively expanded his property portfolio with significant investments after a record dividend of 3.1 billion from Inditex. Notable acquisitions include the Planeta building in Barcelona and the five-star Hotel Banke in Paris. Ortega's family office, Pontegadea, aims to create and grow wealth from assets, not solely to avoid taxes. This growth has made Pontegadea one of Europe's largest real estate owners, amidst increasing discussions on wealth taxes in Europe, where Spain continues to uphold such taxes.
Amancio Ortega is poised to receive a record dividend of 3.1bn (2.7bn) this year from his shares in Zara's parent group, Inditex.
Pontegadea invests all dividends from Inditex and any other income from its own economic activities every year, no matter the amount.
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