Zara's Ortega rivals Bill Gates for Forbes top spot

[webfact]

Zara's Ortega rivals Bill Gates for Forbes top spot



He briefly overtook Bill Gates to become the richest man in the world, according to Forbes

SPAIN: -- Amancio Ortega, the Spanish clothes billionaire who founded the retailer Zara, was said to be worth $79.8 billion (71.8 billion euros).

However Forbes’ real-time tracker which takes account of daily adjustments had put the Microsoft boss back on top on Friday.

The 79-year-old has quietly climbed the rankings as the company he started 40 years ago continues to perform well and expand.

After growing in Spain, Zara’s success spread to Portugal, France, London and is now worldwide.

Yet Ortega himself, who was born during the Spanish civil war, began life poor. His father is said to have earned 300 pesetas a month.

According to Forbes, a surge in shares this week in Zara’s parent company Inditex helped his wealth grow by $4 billion (3.6 billion euros) in 24 hours.


-- (c) Copyright Euronews 2015-10-24

[RidgeRunner]

80 Billion $ earning 5% will give you about 11 Million $ a day.

Nice having that kind of freedom. Should a buy a Ferrari or should I buy Ferrari?

[teelac5]

if you take into account all the billions Gates has given away to numerous charities and ventures he would have far more than that. Shame all the corporate billionaires won't do the same.

[hakuho]

Gates richest man in world????

That's a joke for the peasants to process----when you have Rothschilds at multi-trillions in supreme dynastic wealth. 555555555555

[connda]

Who in God's name cares?

[jerojero]

Who gives a s**t. Half the world population lives in poverty and media cares about reporting ultra billionaires race to the world's top of the financial mountain. Pathetic.