Who is the Richest Person in the world?


If anyone had to ask you who’s the richest person in the world I’m sure most would answer Microsoft founder Bill Gates and rightfully so. But guess what founder of clothing chain store Zara Amancio Ortega is now the richest person in the world.

This according to the Forbes real-time billionaires list, Amancio Ortega has for now dethroned Bill Gates of the richest person in the world title. Mr Ortega’s net worth was said to have increased to $79.5 billion, overtaking Mr Gates’ estimated net worth of $78.5 billion.

Ortega’s personal fortune leapt by $1.7 billion when shares of Inditex went up 2.5 per cent during the week of September 7 to the 11, 2016.

And it’s also reported to be at least for now. As due to Mr Ortega fluctuating net worth this is not the first time that he has overtaken Mr Gates. He has before on a number of occasions taken the title of the richest person in the world.

The 80 year old self-made billionaire founded Zara from his living room with his ex-wife Rosalia Mera. This was before launching the Inditex fashion group, of which he is chairman. And although he may have more than enough money to gain him access to best in the world, he reportedly lives a modest lifestyle. Eating lunch with his employees in the staff canteen and buying coffee from the same cafe he has visited for years. And he has been dressing in the same blazer/shirt combo neither of which are said to be from Zara.


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