The new Richest Man in the World

By First Posted: Sep 12, 2016 Mon 11:36 AM Updated: Sep 12, 2016 Mon 11:37 AM
The new Richest Man in the World
Image Credit: Getty Images / Xurxo Lobato

The series of world scenarios is at hike. The recent announcement of the world richest person is not cyclical this time. With all the spark lights shining on the wealth and turnover sectors we just found Zara's mysterious founder, Amancio Ortega, just surpassed Bill Gates to become the richest man in the world. It is to be a great declaration on the basis of which Amancio Ortega is chosen to be the richest man of the world.

In a recent story in-printed few days back, Forbes said Amanico Ortega, the cloistered Spanish retailing tycoon who founded Zara, has surpassed Bill Gates to become the richest man in the world. To the recent publication on the richest list, they said that Amanico’s fortune gained $1.7 billion on last Thursday and his net worth is now estimated to be $79.5 billion. Forbes estimated Gates’ fortune to be $78.4.But it is still early to say Amanico the new no. 1 richest person among all. Forbes' "real-time billionaire's list" still has Gates on top, with his $78.4 billion fortune topping Ortega's $78.1 billion.

Despite of Ortega’s giant and impressive Net Worth, many people have never heard of him. Mr. Ortega founded fast-fashion colossal Zara with his then-wife Rosalia in 1975. Today, his vend company Inditex SA - which owns Zara, Massimo Dutti, and Pull & Bear - has over 6,600 outposts around the world. In-spite of being such a big professional individual he does avoid public and media interactions and undertakings.

This wasn’t Mr Ortega's foremost time at the top of the wealth tree. In October 2015, he was the world's wealthiest man for a few hours. Well there are different ways to evaluate and measure net worth of an individual and as far as Mr. Ortega is concerned Forbes announcement do stick with him as the new richest man of the world.


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