Billionaire moves into 10th place globally as Inditex sales jump

Dow Jones06-03

MW Billionaire moves into 10th place globally as Inditex sales jump

By Steve Goldstein

Founder of the Inditex fashion group Amancio Ortega $(R)$ with his daughter Marta Ortega Perez, the chairperson.

Amancio Ortega moved into 10th place on the Forbes real-time billionaires list after the retailer he co-founded, Inditex, reported accelerating sales in the current quarter.

Inditex on Wednesday said sales, at constant currencies between May 1 and June 1, rose 11.5%, as its spring and summer collections were "very well received." Analysts at Citi said market expectations were for between 8% and 9% growth.

The company said its first-quarter ending April 30 net income rose 5% to EUR1.38 billion ($1.6 billion), as sales rose 6% to EUR8.75 billion. In constant currencies, sales rose 8.8%. Both profit and sales were in line with analyst estimates.

Inditex shares (ES:ITX) rose 6% in Madrid trade.

Forbes' calculations put Ortega's real-time net worth at $143.3 billion. Ortega's daughter, Marta Ortega Perez, is the retailer's chairperson.

The elder Ortega is sandwiched between LVMH's (FR:MC) Bernard Arnault and Berkshire Hathaway's $(BRK.B)$ Warren Buffett on the billionaire list.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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June 03, 2026 05:09 ET (09:09 GMT)

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