The Founder of Zara Is Now Richer Than Bill Gates
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Posted By: Hija Chang on November 04, 2015 This post originally appeared on Business Insider. There's a new richest man in the world. It's Spanish clothing magnate Amancio Ortega, who has overtaken Microsoft founder Bill Gates for the first time ever. According to Forbes' real-time tracker, the elusive multibillionaire founder of European clothing retailer Zara just smashed past Bill Gates to become the wealthiest person on the planet, with a fortune of $79.8 billion (€71.83 billion or £51.84 billion). The elusive Ortega isn't as much of a household name as Gates, but he's quietly ascended the wealth rankings in recent years, as his company continues to perform well and expand. Unlike many of the richest people in the world, Ortega has a fascinating rags-to-riches story. Born in 1936 during the Spanish Civil War, Ortega's father earned 300 pesetas a month, a meager salary. More: http://www.slate.com/blogs/business_inside... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Hija Chang
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
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