American billionaire and tech mogul, Bill Gates has been beaten off by Amancio Ortega in the contest of the richest man in the world following current statistics.
Despite claiming the title of the richest man in the world, Zara’s founder, Amancio Ortega, is a man of mystery.
On Wednesday, Ortega beat out Bill Gates to become the richest person on Earth, Forbes reported. Ortega currently has a $200 million edge over Microsoft co-founder Bill Gates, due in part to a particularly good week for the stock of Inditex, Zara’s parent company.
According to Forbes, Ortega has crowded the world’s richest person three other times — but has always surrendered the No. 1 position within a day.
Despite Ortega’s enormous net worth, many people have never heard of him. He is an incredibly private man, is rarely seen in public, and has given just a handful of interviews throughout his incredibly successful career.
That career began when Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA — which owns Zara, Massimo Dutti, and Pull&Bear — has 7,385 outposts around the world.