Zara founder Amancio Ortega surpases Bill Gates as the world’s richest man


Amancio Ortega the founder of fashion giant Zara, has surpassed Bill Gates to become the richest man in the world.

According to Forbes, shares of Ortega’s parent company, Inditex, rose 2.5% boosting Spaniard’s fortune to $79.5 billion. Currently Bill Gates’ net worth stands at $78.5 billion.

The 80-year-old Amancio Ortega founded  Zara with his then-wife Rosalia in 1975. Presently, his retail company Inditex SA – which owns Zara, Massimo Dutti, and Pull&Bear  has over 6,600 outlets scattered around the world.

Ortega is known for keeping his life private and simple. Despite owning a massive fashion business, he dresses modestly. He wears a simple uniform of a blue blazer, white shirt, and gray pants — not Zara products.

Ortega is known to visit the same coffee shop every day and eats lunch with his employees at the company’s cafeteria.

He also enjoys horseback riding and owns an equestrian center in Finisterre in Galicia, Spain.

He also bought the tallest skyscraper in Spain, the Torre Picasso in Madrid which stands at515 feet and cost $536 million, owns The Epic Residences and Hotel in Miami,The Global Express BD-700, a private jet designed by Bombardier, a leading manufacturer of luxury private jets.He also drives an Audi A8 luxury sedan.

Ortega could be described as a man who prefers a life of comfort to luxury as he rarely jets off on vacation.