No. 7 Amancio Ortega

Amancio Ortega

                                           Net Worth: $31 billion (up from $25.0 billion)

                                           Fortune: Self-made
                                           Age: 74
                                           Residence: La Coruna, Spain
                                           Country of Citizenship: Spain

                                           Source: Zara
                                           Marital Status: Married

                                           Children: 3

     Amancio Ortega is a Spanish fashion entrepreneur. He is the founder, along with his then-wife Rosalía Mera, and chairman of the Inditex Group. He is ranked by Forbes as Spain's richest man; Europe's second richest man; and the seventh richest man in the world in 2011. He currently lives with his second wife in a discreet apartment building in the centre of A Coruña.

    Amancio Ortega stepped down as chairman of Inditex, the $15.8 billion (sales) fashion firm in January; he still gets 87% of his fortune from his stake in the publicly traded firm. The company, which operates under several brand names including Zara, Massimo Dutti and Stradivarius, has 5,000 stores in 77 countries. Ortega also owns properties in Florida, Madrid, London and Lisbon, a horse-jumping circuit, a stake in a soccer league; and has interests in gas, tourism and banks. Railway worker’s son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, also a billionaire, started making dressing gowns and lingerie in living room. Daughter Marta works for Inditex.