Founder of Fashion Line, Zara, Amancio Ortega Overtakes Bill Gates as World Richest Man

Forum 7 years ago

Founder of Fashion Line, Zara, Amancio Ortega Overtakes Bill Gates as World Richest Man

The founder of one of the most fashionable and affordable stores to date, Amancio Ortega who owns every woman's favorite store, Zara, is the new big fish in Ocean.

The store was founded in 1975 with his then wife Rosalia. Today, his retail company Inditex SA — which owns Zara, Massimo Dutti, and Pull & Bear — has over 6,600 outposts around the world.

According to Forbes, Amancio Ortega's shares of the Spanish retailer's parent company, Inditex,
rose 2.5%. That boosted Ortega's fortune to $79.5 billion, which passed Bill Gates' net worth of 78.5 Billion.

The founder of Zara is very private, which is why many have never heard of him.