Amancio Ortega is not having the best welcome to the summer. For the second consecutive week, he has recorded negative figures regarding the assessment of his assets, primarily due to the stagnation of the price of his main source of income: Inditex.<\/p>\n
The \u00a0Spanish billionaire\u00a0 has lost two positions in the last fifteen days and, consequently, has temporarily exited the “top 10” of the world’s greatest fortunes as updated in real-time by Forbes.<\/p>\n
At the beginning of 2024, the millionaire based in La Coru\u00f1a entered the coveted club of \u00a0$100 billion\u00a0 as a precursor to sneaking into the top 10 of the world’s wealthiest individuals. The founder of Inditex waited nearly a year to finally ascend to the tenth position in the Forbes list of greatest fortunes<\/a>.<\/p>\n Since then, Ortega has changed his position due to the \u00a0stock market\u00a0 fluctuations intensified by Trump’s tariff war. However, this veteran investor remained relatively stable between the \u00a0eighth and ninth positions\u00a0, thanks to the consistency afforded by his \u00a0real estate investments\u00a0 through Pontegadea, which helped maintain his fortune at around \u00a0$131.8 billion\u00a0.<\/p>\n However, the evaluation of his wealth has faced numerous challenges since Inditex announced its quarterly earnings<\/a>. Although the results were positive, showing a growth of \u00a01.5%\u00a0, amounting to \u00a0\u20ac8.247 billion\u00a0, investors were not satisfied, believing that the growth figures were insufficient given the \u00a0low increase\u00a0 in market performance.<\/p>\n As a result, the company’s stock initiated a \u00a0bearish rally\u00a0, dragging down the fortunes of its primary shareholder, who holds \u00a059.294%\u00a0 of their assets through their companies Pontegadea Inversiones (50.010%) and Partler 2006 (9.284%).<\/p>\n To contextualize this decline, prior to the earnings announcement<\/a>, the stock price closed at \u00a0\u20ac49.21\u00a0. However, it currently trades at \u00a0\u20ac43.39\u00a0, its lowest price since April 2025. To date, the firm’s stocks have fallen by \u00a013.73%\u00a0 this year.<\/p>\n This progressive decline in stock value has had a direct impact on Ortega’s net worth. In recent hours, he has reported losses<\/a> estimated at over \u00a0$2.3 billion\u00a0, leading to a revised fortune of \u00a0$117.6 billion\u00a0.<\/p>\n Following this recent decrease in his net worth, the Spanish billionaire now ranks twelfth, falling behind Michael Dell, whose estimated fortune of \u00a0$121.1 billion\u00a0 places him eleventh on the Forbes ranking. Despite this, Ortega remains slightly ahead of Bill Gates, whose fortune is rated at \u00a0$116.5 billion\u00a0, thereby securing Gates’s thirteenth position.<\/p>\n The tenth position on the Forbes list is now occupied by Jensen Huang, co-founder and CEO of Nvidia, whose total wealth stands at \u00a0$134.5 billion\u00a0, having added \u00a0$5.5 billion\u00a0 to his net worth recently.<\/p>\n The landscape is changing rapidly, yet the player remains the same. While Ortega stands firm as a key figure in the business world, recent market fluctuations highlight the relentless ebb and flow of wealth among the ultra-rich. It is a reminder that in the game of wealth, the \u00a0trajectory\u00a0 is often more critical than the destination.<\/p>\n Image Credit | Gtres, Unsplash (Praswin Prakashan<\/a>)<\/p>\nInditex is Still Decisive for Ortega<\/h2>\n