TWO of Spain's largest high-street banks are reported to be in merger talks, potentially resulting in the joint entity being the second-biggest in the country in terms of share capital.
Spain's richest residents revealed
12/12/2017
INDITEX fashion empire founder Amancio Ortega (pictured) is still the richest person in Spain and his daughter Sandra Ortega is the second-wealthiest, according to the most recent Forbes list.
Chairman of supermarket chain Mercadona, Juan Roig, remains in third place with a total fortune of €4.8 billion – compared with the top two's €70bn and €6.5bn respectively.
His wife Hortensia Herrero, with assets totalling €2.6bn, is Spain's seventh-richest person and second-wealthiest woman.
Iberostar chairman Miguel Fluxà, from Palma de Mallorca, ranks fourth with €3.6bn, and head of transport infrastructure company Ferrovial, Rafael del Pino, concludes the top five with €2.9bn.
In total, the top five richest people in Spain have a combined fortune of €87.8bn, or 55.3% of the wealth of the entire population.
The Inditex chain – which owns Zara, among other clothing brands – remains comfortably ahead of its nearest rival in terms of its founders' fortunes, but Isak Andic, who created the global label Mango, joins the Ortegas in the top 10; his wealth of €2.3bn puts him joint ninth with Helena Revoredo, chairwoman of Prosegur and Spain's third-richest woman.
The remaining names in the Forbes top 10 are OHL's biggest shareholder Juan Miguel Villar Millar with €2.7bn (sixth) and owner of Cirsa, Manuel Lao, with €2.4bn (eighth).
Of the 100 wealthiest Spaniards, only 27 are female and their joint wealth comes to €24.5bn – just over a third of that of Amancio Ortega alone.
Catalunya is home to 22 of the richest Spaniards, with an aggregate wealth of €15bn, whilst 35 of them are based in Madrid and are worth €29bn put together.
Although with fewer names in the top 100 among its residents, Galicia is the region in Spain which holds the highest level of personal wealth thanks to the 'Ortega effect' – the eight wealthiest gallegos own €80bn in assets.
Madrid is home to the highest number of Spain's wealthiest women – in total, 10, with a combined fortune of €8.7bn.
Of the firms which have left Catalunya in light of the disputed independence referendum, the one behind the largest personal fortunes is the insurance company Catalana Occidente, run by the Serra and Juncadella families.
The personal profile most likely to appear on the Forbes top 100 richest Spaniards list is that of a business owner, founder or investor, or those involved in the arts and entertainment industries.
Among these are veteran crooner Julio Iglesias, with assets totalling €850 million, and the Baroness Carmen Thyssen-Bornemisza, owner of the eponymous art museum in Madrid, with €600m.
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INDITEX fashion empire founder Amancio Ortega (pictured) is still the richest person in Spain and his daughter Sandra Ortega is the second-wealthiest, according to the most recent Forbes list.
Chairman of supermarket chain Mercadona, Juan Roig, remains in third place with a total fortune of €4.8 billion – compared with the top two's €70bn and €6.5bn respectively.
His wife Hortensia Herrero, with assets totalling €2.6bn, is Spain's seventh-richest person and second-wealthiest woman.
Iberostar chairman Miguel Fluxà, from Palma de Mallorca, ranks fourth with €3.6bn, and head of transport infrastructure company Ferrovial, Rafael del Pino, concludes the top five with €2.9bn.
In total, the top five richest people in Spain have a combined fortune of €87.8bn, or 55.3% of the wealth of the entire population.
The Inditex chain – which owns Zara, among other clothing brands – remains comfortably ahead of its nearest rival in terms of its founders' fortunes, but Isak Andic, who created the global label Mango, joins the Ortegas in the top 10; his wealth of €2.3bn puts him joint ninth with Helena Revoredo, chairwoman of Prosegur and Spain's third-richest woman.
The remaining names in the Forbes top 10 are OHL's biggest shareholder Juan Miguel Villar Millar with €2.7bn (sixth) and owner of Cirsa, Manuel Lao, with €2.4bn (eighth).
Of the 100 wealthiest Spaniards, only 27 are female and their joint wealth comes to €24.5bn – just over a third of that of Amancio Ortega alone.
Catalunya is home to 22 of the richest Spaniards, with an aggregate wealth of €15bn, whilst 35 of them are based in Madrid and are worth €29bn put together.
Although with fewer names in the top 100 among its residents, Galicia is the region in Spain which holds the highest level of personal wealth thanks to the 'Ortega effect' – the eight wealthiest gallegos own €80bn in assets.
Madrid is home to the highest number of Spain's wealthiest women – in total, 10, with a combined fortune of €8.7bn.
Of the firms which have left Catalunya in light of the disputed independence referendum, the one behind the largest personal fortunes is the insurance company Catalana Occidente, run by the Serra and Juncadella families.
The personal profile most likely to appear on the Forbes top 100 richest Spaniards list is that of a business owner, founder or investor, or those involved in the arts and entertainment industries.
Among these are veteran crooner Julio Iglesias, with assets totalling €850 million, and the Baroness Carmen Thyssen-Bornemisza, owner of the eponymous art museum in Madrid, with €600m.
Related Topics
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