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Founder Of ZARA ‘Amancio Ortega’ Overtake Bill Gates To Become The Richest Man In The World

Amancio Ortega, founder of clothing and fashion brand ZARA has overtaken Bill Gates to become the world’s richest man this week. According to Forbes, Amancio Ortega has a personal fortune of $79.5 billion and he has overtaken Bill Gates, who has a total value of $78.5 billion.

79-5-billion

Forbes reported that Amancio Ortega became the world’s richest man on Wednesday when shares in Zara’s parent company, Inditex, went up 2.5% and overtook Bill Gates.

Amancio Ortega holds a total of 59.3% share in Inditex. Companies share went up 2.5% on Wednesday which gave Ortega rise of $1.7 billion. However Ortega was on the top list only on Wednesday and Thursday. Gates reclaimed his position on Friday morning as the Ortega’s shares fell by 2.8% and left Ortega with the worth of $77.8 billion on Friday morning, while Gates’ fortunes were estimated at $78.1 billion.

Amancio Ortega started his professional life at the age of 14 working as a delivery boy with a shirt-maker in Spain. After a few years. Ortega set up his workshop, where he made night gowns, baby wear and lingerie. Later he opened the first Zara clothing store in 1975 in Spain.

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