Zara Billionaire Ortega to Draw Record Dividend of €3.2 Billion

Amancio Ortega is set to collect about €3.2 billion ($3.7 billion) in dividends this year from Zara owner Inditex SA, the biggest such payout the billionaire has received from the retail giant he co-founded more than six decades ago.

Inditex announced Wednesday that it plans to increase its dividend by 4% this year to €1.75 a share. Ortega, whose daughter Marta is the company’s non-executive chairwoman, is the group’s largest shareholder with a more than 59% stake mostly through his family office Pontegadea Inversiones.