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Spain's Richest Person Bets Billions On Prime U.s. Property

by bloomberg.com posted 1month ago 27 views
This month, the investment vehicle of the multibillionaire behind Zara owner Inditex SA completed a $72.5 million deal for a downtown Chicago hotel. That followed purchases within the past six months of a building in Washington’s central business district and two Seattle offices leased by Amazon.com Inc. for a combined $1.1 billion. Ortega’s U.S. spending spree increases the value of his global property empire beyond $13 billion, according to the Bloomberg Billionaires Index, giving him the biggest real estate portfolio among Europe’s super-rich.