Saturday, 10 September 2016
Zara Founder, Amancio Ortega Is Now Richer Than Bill Gates.
The Spanish retail genius who started Zara, passed Bill Gates to become the richest man in the world on Wednesday and Thursday, before Gates reclaimed the title Friday morning.
Shares of Ortega’s business Inditex, parent company to Zara, Massimo Dutti and Pull&Bear, ticked up 2.5% Wednesday, boosting his personal fortune by $1.7 billion, then fell 2.8% by Friday. As of 10 a.m. Friday morning, Ortega was worth $77.8 billion, while Gates was worth an estimated $78.1 billion.