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In Memoriam: Zara's Rosalia Mera

Published: Mar 29, 2014 06:22:52 AM IST
Updated: Apr 1, 2014 07:04:57 PM IST
In Memoriam: Zara's Rosalia Mera
Image: Xurxo Lobato / Getty Images

When Mera was 11 she left school to work as a seamstress. She would go on to co-found fast-fashion giant Zara in 1975 with her then husband, Amancio Ortega, with a line of lingerie and bathrobes she created in their living room. She eventually became the world’s wealthiest self-made woman, appearing on last year’s World’s Billionaires list at a net worth of $6.1 billion. The couple split in the 1980s, and Mera redirected her energy toward philanthropy, but she remained on the company’s board until 2004 and netted $600 million in the 2001 IPO of Zara’s holding company, Inditex. Today the business she helped build has revenues of $22 billion, and Zara has locations in over 400 cities around the world. Mera died in August at the age of 69 after suffering a brain hemorrhage while vacationing with her daughter, Sandra (see p 78), on the island of Minorca.

Also deceased: Dirce Navarro de Camargo, Roberto Civita (Brazil); Paul Desmarais (Canada); Hans Riegel (Germany); K Anji Reddy (India); Hiroshi Yamauchi (Japan); Alberto Benavides, Mario Brescia Caferata (Peru); Harold Simmons, Barbara Piasecka Johnson, Robert Holding, Ray Dolby, George Mitchell, Kenneth Adams Jr, Peter Lewis (US)

(This story appears in the 04 April, 2014 issue of Forbes India. To visit our Archives, click here.)

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  • Santosh

    When you u can do no one stop you to each your goal. Talent matters

    on Apr 1, 2014