Bill Gates will be “losen” the world’s richest position

Billionaire Amancio Ortega is the second richest man in the world. He has less than Bill Gates nearly 10 billion dollars. Accordingly, Bill Gates is the world’s richest person.


Amancio Ortega. Source: Internet.

Amancio Ortega, a King of Fashion has earned more $ 3.7 billion into his personal fortune after Inditex SA, the world’s largest clothing company announced sales rose sharply, causing its shares up 6%.

Billionaire Ortega has $ 71.1 billions, he surpassed the legendary investor named Warren Buffett to become the world’s second richest man. Now, he has less than Bill Gates – CEO of Microsoft nearly 9.5 billion dollars, according to the Bloomberg Billionaires Index. Accordingly, billionaire Bill Gates will be losen the world’s richest position.

Ortega built empire of fashion in 1963. He opened the first Zara store in 1975 and a decade later, he founded the Inditex.

In 2001, this group released to the public (IPO) for the first time. Later, Ortega earned 4 billion euros (4.5 billion dollars) of dividends, and he invested a large sum of money in the field of real estate in some major cities of America and Europe. The number of real estate accounted for $ 8 billion, accounting for more than 63 billion in his assets.

According to Bloomberg, Mr. Ortega was the world’s 7th rich person in March 2012 with 38 billion dollars. Then, Bill Gates held 62.5 billion and surpassed Mexican billionaire Carlos Slim to regain the world’s richest position in May 5, 2013.

In Spain, this country’s second richest person is Ortega’s daughter, Sandra Ortega-Mera. She inherited a 5% stake in Inditex after her mother died in 2013 and now she owns $ 7.2 billion.