Amancio Ortega’s Business Holding Increases Profits – Idealista/news

Business holding of Inditex founder Amancio Ortega. formed by the companies Pontegadea Inversiones, Partler 2006 and Pontegadea GB 2020, In 2023, he earned 7.943 million euros, an increase of 21%.

Specifically, The business conglomerate’s assets reached 101.117 million euros. which is 10.4% more than the previous year’s EUR 91,527 million.

According to data sent to the Commercial Register, published by Infoempresa and compiled by Europa Press, the conglomerate of companies had a turnover of 39,646 million euros, up 12%, and equity capital of 82,558 million euros, compared to 75,103 million euros in 2022.

Thus, Pontegadea Inversiones, which owns 50.01% of Inditex, increased its profit in 2023 by 16%, reaching 1,738 million euros, with a turnover of 1,870 million euros.

Inditex founder and first shareholder Amancio Ortega received on May 2 a total of 1,422.5 million euros as the first reward of the year that Inditex will pay to its shareholders, which is half of what he will receive in dividends from the Galician firm this year.

Specifically, This year the businessman will receive 2.845 million euros in dividends. company, which is more than the $2.217 million it received for the concept last year.

The founder of Inditex receives dividends from the textile group through the companies Pontegadea Inversiones and Partler, with which he controls 59.294% of the company, equivalent to a stake of 1.848 million euros.