Amancio Ortega is now the richest man in the world, according to Forbes
Bill Gates is no longer the richest person in the world, at least for now.
The Microsoft founder has been outstripped by Amancio Ortega, the famously frugal Spanish founder of clothing chain Zara, according to the Forbes real-time billionaires list.
Mr Ortega’s net worth was said to have increased to $78 billion, overtaking Mr Gates’ estimated net worth of $77.4bn.
The self-made billionaire, 80, was born the son of a railway worker in La Coruña and left school at 13 to work in a clothing shop.
He founded Zara from his living room with his ex-wife Rosalia Mera before launching the Inditex fashion group, of which he is chairman. …. see more
source: independent UK