Spanish clothing magnate, Amancio Ortega, 79, over took Microsoft founder Bill Gates for the first time ever in the Forbes rich list.
According to Forbes’s real-time tracker, the elusive multibillionaire founder of European clothing retailer Zara 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).
Bill Gates’ estimated net worth is $79.5bn as of this afternoon. He’s expected to take back his top position from Ortega.
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.
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