According to Forbes, Amancio Ortega, the Spanish retail genius who started Zara, passed Microsoft cofounder Bill Gates to become the richest man in the world on Wednesday. Shares of Ortega’s business Inditex, parent company to Zara, Massimo Dutti and Pull&Bear, ticked up 2.5% Wednesday, boosting his personal fortune $1.7 billion to $79.5 billion. Gates is worth an estimated $78.5 billion.
Amancio Ortega Gaona is a Spanish business magnate. He is the founder and chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops.Wikipedia
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