Zara's Parent Company Is Worth Billions More Than Nike and H&M

That's $109 billion, with a "B".

Not Available Lead
Complex Original

Image via Complex Original

Not Available Lead

It seems the margins are high when you get into the fast fashion game, at least, for Zara. The retailer's parent company, Inditex, recently surpassed previous valuations, making the company worth €100 billion, or roughly $109 billion. Yes, that's billion, with a "B."

Announced Wednesday, Inditex's stock climbed up by 36 percent in the past year, making over €32 a share. Not only does this make Inditex the most valuable company in its native Spain, but also values the company well above other apparel giants like Nike and H&M, who are valued at roughly $86 billion, and $59 billion respectively.

This development explains why company founder, Amancio Ortega, is the second richest man in the world; second only to (you guessed it) Microsoft's Bill Gates. Ortega is currently estimated to have a personal wealth of nearly $73 billion.

While Zara may be the perfect place to grab a reasonably priced, last-minute (and possibly knocked-off) outfit, it also seems like the best place to score a profit too. 

Latest in Style