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Zara Owner Ortega Buys $550 Million Madrid Skyscraper

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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. The purchase marks another step in the famously-reclusive billionaire’ s strategy to build…

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