Meet The New World’s Richest Man Who Overtakes Bill Gates

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The founder of Spanish shopping chain Zara has overtaken Bill Gates to become the world’s richest man. Amancio Ortega’s fortune shot up £1.4 billion this week when shares in its parents company rose taking his personal wealth to £67.2 billion .


This sees the 80-year-old pip Microsoft founder Gates’ £66.4 billion fortune as well as other moguls such as US investor Warren Buffett and Amazon founder Jeff Bezos.

The son of a railway worker became the world’s richest man on Wednesday, according to Forbes magazine , when shares of his business Inditex went up 2.5%. Last year shares went up 40% as sales soared.
Amancio Ortega Gaona is a Spanish business magnate. He is now the richest person in the world. He is the founder and chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops.
Born: March 28, 1936 (age 80)
Net worth: 79.5 billion USD (2016) Forbes
Organizations founded: Zara, Inditex, Confecciones Goa, Fundación Amancio Ortega
Spouse: Flora Pérez (m. 2001), Rosalía Mera (m. 1966–1986)
Children: Sandra Ortega Mera, Marta Ortega Perez, Marcos Ortega Mera
Siblings: Antonio Ortega, Pilar Ortega Gaona, Josefa Ortega Gaona

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