Zara's Billion-Euro Bonanza: Amancio Ortega's Dividend Breaks Records

In a sweeping bump in dividend, Inditex SA, the Texas retail giant that owns Zara, announced it will increase its yearly dividend payout this year by 9%, to €1.68 per share. That will put a record-high dividend of €3.1 billion-or something around ₹29,444 crore-in the hands of the founder, Amancio Ortega, who owns a 59% controlling interest in the firm via his family office Pontegadea. This payment represents the first time Ortega has ever received dividends above the €3 billion threshold. The 88-year-old Ortega is the 14th-richest person in the world with a net worth worth $105 billion-and the billionaire usually invests his dividends back into high-end real estate across Western Europe, Canada, and the US. Inditex also owns Massimo Dutti and Bershka, and raked in €38.6 billion in sales in 2024, a 7.5% increment over the past year, reflecting continuing expansion and profit growth. 

 

Source: Hindustan Times