Overthrowing Bill Gates for just a few hours is a big deal, don’t you think? At one point on Friday 23rd of October, Forbes put Amancio Ortega's fortune at $79.9 billion, putting Bill Gates’ at $79.5 billion.
Later in the day, thanks to fluctuations in the euro as well as the surge in Microsoft, Gates had $79.3 billion and Ortega a mere $78.5 billion. Amancio Ortega is a Spanish self-made Billionaire and the founder of the world's biggest fashion retailer ZARA.
Zara, the leader of the brands in Inditex’s portfolio, has managed to make itself a staple in everyone’s closet — men and women — from teenagers in the United States to the Duchess of Cambridge in the United Kingdom. Offering trendy pieces at a reasonable price, the company’s shares have jumped more than 50 percent in the past year and pulls in around $20 billion annually.
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