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Founder of Zara Brand Becomes World's Largest Private Real Estate Owner

18 Apr. 14:15

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Amancio Ortega, the 90-year-old founder of the Inditex fashion group, has been officially recognized as the world's largest private owner of real estate assets. According to international financial reports and property records, Ortega’s portfolio is valued at over $25 billion, spanning 13 different countries. This vast real estate empire consists of more than 200 premium properties, positioning him as a dominant figure in the global commercial and residential property markets.

Throughout his career, Ortega has spent approximately $24 billion on 216 property acquisitions, 206 of which remain in his current possession. His investment strategy focuses on acquiring high-end office buildings and retail spaces in major global hubs such as London, New York, and Madrid. These assets provide a stable flow of rental income, effectively diversifying his wealth beyond the volatile retail sector.

Ortega remains the wealthiest individual in Spain, largely due to the continued success of Inditex. The company operates a network of approximately 5,500 stores across nearly 100 nations, featuring world-renowned brands such as Zara, Bershka, Massimo Dutti, and Pull&Bear. The massive profits generated by his fashion empire have served as the primary capital for his extensive real estate investments over several decades.

Industry analysts highlight that Ortega’s move into real estate has created a powerful financial buffer for his business interests. By owning the buildings that house major financial institutions and luxury retailers, he has secured long-term asset appreciation. His status as the world’s leading private landlord underscores a successful transition from a garment manufacturer to a global investment powerhouse.

















Switzerland Opens Applications for Government Excellence Scholarships for Young Turkmen Researchers

24 Aug. 14:45

Source

The Swiss Government has officially opened the application cycle for its Excellence Scholarships for the 2027–2028 academic year. The program target young specialists and researchers from Turkmenistan seeking to conduct post-graduate research or pursue doctoral studies at top Swiss universities and research institutes.

Key applicant requirements:

A Master’s degree or equivalent academic/professional credential;

Age limit: born after December 31, 1991;

A detailed research proposal including a timeline, core methodology, and planned objectives;

An official letter of academic sponsorship from a host professor in Switzerland;

For applicants currently residing in Switzerland, the entry date must not precede August 1, 2026.

The grant includes a monthly allowance, health insurance coverage, partial housing subsidies, and travel expenses. Research fellowships range from 6 to 12 months in duration. Electronic application submissions will remain open through November 27, 2026. Application procedures for Turkmen citizens are overseen by the Embassy of Switzerland in Baku.