Amancio Ortega defeats Bill Gates to become world richest man

Billionaire Zara’s founder, Amancio Ortega on Wednesday beat out Bill Gates to become the richest person on Earth, Forbes reported. He currently has a $200m edge over Microsoft co-founder Bill Gates, due to a particularly good week for the stock of Inditex, Zara’s parent company.

According to Forbes, 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 an incredibly private man, is rarely seen in public, and has given just a handful of interviews throughout his incredibly successful career.

His career began when Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA — which owns Zara, Massimo Dutti, and Pull&Bear — has 7,385 outposts around the world.

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