Tomás Olivo.
Owner of La Cañada mall named among Spain's richest but trails Zara's Ortega by far

Owner of La Cañada mall named among Spain's richest but trails Zara's Ortega by far

Forbes ranking places Tomás Olivo at seventh with a 2.1-billion-euro fortune, someway below Amancio Ortega of fashion-giant Inditex who tops the list with 63 billion euros


Friday, 8 November 2019, 13:24


The owner of Marbella's La Cañada mall and other shopping centres has been named as the seventh-richest person in Spain. In the latest Forbes ranking for the country, Tomás Olivo has leapt up the rankings into the top 10 after a windfall from a court judgement against the Junta de Andalucia regional government of over 168 million euros.

Olivo, who is originally from Murcia, took the Junta to court over a delay in the opening of his Nevada shopping mall in Granada. Forbes says he now has an estimated fortune of 2.1 billion euros.

However the wealth of Tomás Olivo pales into insignificance when standing alongside the man at the top of the list, Amancio Ortega, founder of the Inditex fashion group, which includes brands such as Zara, Pull and Bear and Bershka.

His personal wealth is estimated at 63 billion euros. Put another way, this is more than the economies of 120 countries, or enough to give, if he wanted to, every man woman and child in Spain a cheque for 1,340 euros. Behind Ortega is his daughter, Sandra, with six billion euros.

Also featuring near the top of the list are other well-known Spanish business people. In second place is Rafael del Pino, president of construction and services giant Ferrovial with four billion euros, followed by the owner of Iberostar hotels, Miguel Fluxá, with three billion and Juan Roig of Mercadona, with 2.7 billion.

As well as Olivo, another well-known Costa businessman is high up the list. Rafael Domínguez de Gor, behind Mayoral children's clothing and linked to Adolfo Domínguez clothes stores, has a fortune, according to Forbes, of 50 million euros.

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