674 Views

Zara Founder, Amancio Ortega Ousts Bill Gates To Become World’s Richest Man

The founder of Zara, Amancio Ortega, has beaten Bill Gates in the number one position of the world’s richest man.

In a new release by Forbes on Wednesday, Ortega beat out Bill Gates to become the richest person on Earth.

He currently has a $200 million edge over Microsoft co-founder Bill Gates, due in part to a particularly good week for the stock of Inditex, Zara’s parent company.

Forbes said that Ortega has crowded the world’s richest person three other times, but has always surrendered the No. 1 position within a day.

Despite Ortega’s enormous net worth, many people have never heard of him.

He is described as an incredibly private man rarely seen in public, and has given just a handful of interviews throughout his incredibly successful career.

Ortega’s career began when he founded fast-fashion giant Zara with his then-wife Rosalia in 1975.

His retail company Inditex SA, which owns Zara, Massimo Dutti, and Pull&Bear, has 7,385 outposts around the world.

You may be interested

Deji Adeyanju Drags Buhari To Court Over Appointment Of NIA, DG (Photos)
Government & Politics
1036 views
Government & Politics
1036 views

Deji Adeyanju Drags Buhari To Court Over Appointment Of NIA, DG (Photos)

MT - January 20, 2018

According to Adeyanju Deji, I have dragged President Buhari to court over his appointment of NIA, DG. It is tribalism…

Boko Haram Attack Survivor Begins School After Spinal Cord Surgery (Photos)
Metro News
1479 views
Metro News
1479 views

Boko Haram Attack Survivor Begins School After Spinal Cord Surgery (Photos)

MT - January 20, 2018

Six-year-old Ali Ahmadu, who sustained spinal cord injuries while running with his mother during an attack by Boko Haram members…

Tinubu, Akande Would Have Been Part Of Meeting If There Was The Need – APC Spokesman
Government & Politics
1457 views
Government & Politics
1457 views

Tinubu, Akande Would Have Been Part Of Meeting If There Was The Need – APC Spokesman

MT - January 20, 2018

While speaking to PUNCH newspaper, the National Publicity Secretary of the All Progressives Congress (APC), Bolaji Abdullahi, spoke on why…

Leave a Comment

Your email address will not be published.