Zara Founder Overtakes Bill Gates as Richest Man
Zara founder Amancio Ortega recently surpassed Bill Gates to become the world’s richest man with $78 billion compared to Bill Gate’s estimate of $77.4 billion. Ortega whose father was a railway worker in La Coruna founded the world famous clothing empire from this living room with Rosalia Mera, his ex wife before establishing the Inditex fashion group.
“Zara founder Amancio Ortega recently surpassed Bill Gates to become the world’s richest man with $78 billion.”
~ Luxury Insider
Ortega briefly took the title of world’s richest man for the first time in October 2015, when his shares hit an all-time high and boosted his net worth to $80 billion. But the stock quickly dipped, and Gates once again took the throne. Both will likely continue to exchange the title as the stock prices of their holdings continue to bounce up and down.
Inditex is a fashion retailer which dates back to 1963 when it started life in a small workshop making women’s clothing. Today it has more than 7,000 stores throughout the world. Through its history the Group has evolved to become the business it is today reaching many notable milestones along its journey. But it has always remained focused on listening closely to its customers to offer them the fashions they desire.
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