Zara owner Ortega buys $550 million Madrid skyscraper
October 01, 2016 at 07:17 AM EDT
MADRID (Reuters) - Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid's most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said.
