Amancio Ortega Highest-Paid Business man in the World

Amancio Ortega
Amancio Ortega led People With Money’s annual list of the “100 highest paid business men” released on Tuesday.

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It's been a rough year for the business man, but at least he has his millions of dollars to ease the pain. 84-year-old Amancio Ortega has taken the No. 1 spot on People With Money’s top 10 highest-paid business men for 2020 with an estimated $58 million in combined earnings.

UPDATE 30/09/2020 : This story seems to be false. (read more)

Amancio Ortega tops annual list of highest-paid business men

In 2018 it looked like the business man’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Tuesday (September 29) that Ortega is the highest-paid business man in the world, pulling in an astonishing $58 million between August 2019 and August 2020, a nearly $30 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The Spanish business man has an estimated net worth of $185 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Ortega Burger” chain) in Madrid, a Football Team (the “Padrón Angels”), has launched his own brand of Vodka (Pure Wonderortega - Spain), and is tackling the juniors market with a top-selling perfume (With Love from Amancio) and a fashion line called “Amancio Ortega Seduction”.

The ranking is significant for many Amancio fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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