Amancio Ortega Over Comes Bill Gates To Become The Richest Man In The World

Posted by: Kyeyune Andrew Jonathan in world news October 24, 2015

Amancio Ortega is a Spanish clothes magnate and has surpassed the long lived richest man on planet Bill gates, for the first time though Bill Gates has been sometimes surpassed by the Mexican Carlos slim Helu.

According to forbes real time networth and wikipedia the elusive multi-billionaire founder of European clothes retailer known as Inditex / Zara just smashed past Bill Gates to become the wealthiest person on the planet, with a fortune of $US 80 billion (€72.81 billion or £52.82 billion).

Check also:The top 7 successful and sounding multi millionaires in Uganda

Follow @newslexpoint

Who is Amancio Ortega ?

Born in 1936 during the Spanish civil war, Ortega’s father earned 300 pesetas a month, a meagre salary.

Amancio Ortega’s biogragher described his memories of a childhood during which his family could not always afford enough food. He left school in his early teens, working his way up from the absolute bottom rung as a messenger boy in a shop.

It wasn’t until he was 40 years old that Amancio Ortega got around to setting up Zara, the fast-fashion retailer that has gone from strength to strength — first growing in Spain, then neighbouring Portugal and France, then London. Now it’s all over the globe.

According to Forbes, Ortega’s wealth rose by 5.3%, another $US4 billion, over the last 24 hours. That’s partly down to a surge in Inditex shares, the parent company that owns Zara.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.