The top richest individuals in Spain in 2025, as ranked by Forbes, tell a very Spanish story of fashion, supermarkets, infrastructure and tourism driving the leaderboard. Picture fashion empires funnelling gains into property, global infrastructure concessions buoying family fortunes, and a Valencian supermarket heavyweight sharing profits and lifting pay across Spain and Portugal.
The richest person in Spain in 2025
Forbes’ 2025 list keeps the crown with Amancio Ortega at number one, followed by Sandra Ortega and Rafael del Pino, reflecting the enduring strength of Inditex and Spain’s global infrastructure playbook through Ferrovial.
Forbes' top 10 richest people in Spain 2025
The full Forbes Spain 2025 methodology again leans on mark‑to‑market valuations for listed stakes and conservative approaches to private-company estimates.
Amancio Ortega — Inditex, fashion and retail
Net worth is 109,900 M€ (down 10,300 M€). He stays well ahead at the top, re‑entering the global top 10 at number nine.
Sandra Ortega — Inditex holdings and diversified investments
Net worth is 10,000 M€ (down 400 M€) and she is Spain’s richest woman.
Rafael del Pino Calvo-Sotelo — Ferrovial, infrastructure and concessions
Net worth is 8,000 M€ (up 900 M€). Ferrovial’s market value rose by nearly 40% over the year, lifting his fortune.
Juan Roig — Mercadona, supermarkets and distribution
Net worth is 7,900 M€ (up 2,100 M€). Mercadona posted 1,384 M€ profit in 2024, up 37% year on year. The company shared 700 M€ with staff as bonuses and raised salaries by 8.5% at the start of 2025.
Juan Carlos Escotet — Abanca, banking
Net worth is 6,200 M€ (up 2,200 M€). He founded Banesco and chairs Abanca. This year marks a significant step up.
Tomás Olivo — General de Galerías Comerciales, shopping centres
Net worth is 4,600 M€ (up 1,900 M€). He jumps from 12th to 6th.
Hortensia Herrero — Mercadona, distribution
Net worth is 4,400 M€ (up 1,200 M€). She holds 27.71% of Mercadona. Through the Fundación Hortensia Herrero, she backs restoration and cultural projects.
María del Pino Calvo-Sotelo — Ferrovial, infrastructure
Net worth is 4,200 M€ (up 1,000 M€). She leads the Fundación Rafael del Pino, has served on Ferrovial’s board since 2006 and sits on other boards.
Miguel Fluxà Roselló — Iberostar, tourism and hospitality
Net worth is 3,300 M€ (up 1,300 M€). He chairs Iberostar. The family vehicle Sayglo Holding, of which he owns 51% and his daughters Sabina and Gloria 24.5% each, controls 59% of the group.
Florentino Pérez — ACS and Real Madrid, infrastructure
Net worth is 3,100 M€ (up 400 M€). Most of his wealth comes from ACS, where he is chair and shareholder, with his public profile shaped by his presidency of Real Madrid.
Sectors driving Spain’s billionaire wealth in 2025
Spain’s billionaire tier is still led by fashion and retail, with Inditex setting the pace at the top. Infrastructure concessions, supermarkets, banking, and tourism round out the mix.
Within that mix, Ferrovial’s surge has lifted Rafael and María del Pino, while ACS underpins Florentino Pérez’s rise through steady concession and contracting income. Mercadona’s profit growth, staff profit‑sharing and wage increases support gains for Juan Roig and Hortensia Herrero.
Abanca’s strength and Juan Carlos Escotet’s diversified portfolio drove one of the year’s biggest jumps. Tomás Olivo’s GGC held steady on core valuations, with bank investments improving his position. Iberostar’s family control and robust travel demand helped Miguel Fluxà climb into the top 10.
Methodology in brief: how Forbes builds the ranking
Forbes Spain values listed stakes at current market prices and applies standardised methods to private businesses, then adds cash, investments and real estate attributable to each person.
Year on year, changes reflect movements in market valuations and updates to disclosed holdings.
2025 versus 2024: what’s changed and what’s steady
Currency shifts and share‑price moves in fashion, retail and infrastructure explain most of the changes since the Forbes 2024 rich list.
- Big risers: Juan Roig (+2.1 bn€), Juan Carlos Escotet (+2.2 bn€), Tomás Olivo (+1.9 bn€ and up six places), Miguel Fluxà (+1.3 bn€ and up seven places), María del Pino (+1.0 bn€).
- Moves lower: Amancio Ortega (-10.3 bn€) and Sandra Ortega (-0.4 bn€) due to softer Inditex pricing, while both remain firmly in the top tier.
- Gender snapshot: three women feature in the 2025 top 10 — Sandra Ortega (2), Hortensia Herrero (7), María del Pino (8).
Where Spain’s wealth lives: regional picture
Spain’s biggest fortunes cluster around established business ecosystems. Galicia leads in fashion, retail and banking. Madrid is strong in infrastructure and finance. The Comunitat Valenciana adds retail and logistics scale. The Balearic Islands bring tourism strength, while Murcia contributes commercial real estate.
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