Founder of zara climbed on top of the rich list

Founder of Zara climbed on top of the rich list

Amancio Ortega, Founder of Zara climbed on top of the rich list, taking over Microsoft founder Bill Gates.

On Tuesday, Ortega, 81, overtook the tech giant Gates on the global rich-list.

The Spanish fashion tycoon, according to Forbes, with his $85 billion fortune, surpassed Gates’ $84.9 billion to take the top spot.

Ortega doesn’t have the same name recognition as Gates or Amazon founder Jeff Bezos, who became the world’s richest man for a short time in July.

His eye-watering net worth is up just shy of $1bn in the space of just a month, according to Forbes, putting him in a seemingly never-ending tussle with Gates and Amazon boss Jeff Bezos.

Amancio Ortega

Ortega keeps an extremely low profile and is known for his preference for a simple lifestyle. Until 1999, no photograph of Ortega had been published.

He’s only ever granted interviews to 3 journalists and his secret have led to the publication of books, like Amancio Ortega: de cero a Zara. In the year 2011, Ortega announced the imminent withdrawal from Inditex,

The parent company of the Zara chain, claiming that he’d ask Inditex VP and Chief executive officer Pablo Isla to take his place at the helm of the textile empire.

In 2015 Ortega gave &euro, 17 million to the health system in the Spanish region of Galicia. In 2017, the Charity Foundation of Ortega is to donate &euro, 320 million to Spain’s healthcare sector for the diagnosis and treatment of cancer,

Especially for the acquisition of 290 pieces of oncology apparatus, and one of the largest philanthropic donations ever made in the country.

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