Saturday, September 10, 2016

Founder Of Fashion Line, Zara, Amancio Ortega Overtakes Bill Gates As World Richest Man |PoliFocus

The founder of one of the most fashionable andaffordable stores to date, Amancio Ortega who owns every woman's favorite store, Zara, is the new big fish in Ocean.


According to Waploaded, the store was founded in 1975 with his then wife Rosalia. Today, his retail company Inditex SA — which owns Zara, Massimo Dutti, and Pull& Bear — has over 6,600 outposts around the world.

According to Forbes, Amancio Ortega's shares of the Spanish retailer's parent company, Inditex, rose 2.5%.

That boosted Ortega's fortune to$79.5 billion, which passed Microsoft founder Bill Gates' net worth of 78.5 Billion.

The founder of Zara is very private, which is why many have never heard of him.

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