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Co-founder of the fashion giant Inditex that owns Zara and Spain’s richest woman Rosalia Mera has died at the age of 69.

According to Spanish media, Rosalia Mera suffered a stroke while on holiday in Menorca and was flown back to Coruna in northern Spain where she died on Thursday evening.

Rosalia Mera left school at 11 and worked as a tailor before starting Inditex with her ex-husband Amancio Ortega.

Co-founder of the fashion giant Inditex that owns Zara and Spain's richest woman Rosalia Mera has died at the age of 69

Co-founder of the fashion giant Inditex that owns Zara and Spain’s richest woman Rosalia Mera has died at the age of 69

She helped build the company into one of the world’s biggest retailers.

Inditex owns the Zara, Massimo Dutti and Bershka brands.

In a statement the company said: “The group wishes to send its sincere condolences to her loved ones and friends at this extremely difficult time, after the loss of a person who contributed so much to the origins and development of the company.”

Rosalia Mera and Amancio Ortega divorced in 1986 after 20 years of marriage.

According to Spanish newspaper El Pais, Rosalia Mera left the board of directors of Inditex in 2004 but still owned a near 7% stake in the company.

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Gina Rinehart, an Australian mining magnate, has become the world’s richest woman, according to the country’s respected business magazine BRW.

The magazine says Gina Rinehart, 58, is now worth A$29 billion ($28 billion), having increased her wealth by nearly A$20 billion in a year.

It is now possible that she could become the world’s first $100 billion person, the magazine says.

It says the heiress to an iron-ore prospecting empire earns A$52 million a day, A$1 million every half hour or A$ 600 a second.

Gina Rinehart, 58, is now worth A$29 billion ($28 billion), having increased her wealth by nearly A$20 billion in a year

Gina Rinehart, 58, is now worth A$29 billion ($28 billion), having increased her wealth by nearly A$20 billion in a year

“The increase in her wealth is unparalleled. It is a product of foreign investment in new projects, increased production and a recovery in the iron-ore price over the past six months,” BRW wrote.

Gina Rinehart’s rise in wealth means she now surpasses the $25 billion of Christy Walton, the widow of the founder of America’s Wal-Mart retail chain.

However, Gina Rinehart has caused controversy by campaigning against government attempts to tax mining companies.

Gina Rinehart has also been involved in a nasty fight with three of her four children over control of the family trust.

 

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