Bill Gates And Jeff Bezos Are Battling With Zara Owner For World’s Richest Person

by MR Magazine Staff

For a few hours, a Spanish businessman known to probably few Americans was the world’s wealthiest person. Amancio Ortega, 81, twice this week climbed to the top spot of Forbes’ ranking — besting Microsoft co-founder Bill Gates and Amazon big wig Jeff Bezos. The Spanish billionaire’s name might not ring a bell, but he’s a founder of Inditex, the parent company of clothing chain Zara. For a few hours Wednesday, his net worth came in just over $85 billion — a meager $200 million more than that of Gates, Forbes reported. But his reign ended quickly. Shares of Inditex dropped on the Spanish stock exchange and Gates retook the lead spot, according to the financial publication. The wealthiest spot is something of familiar territory to the retail magnate, who was born to modest means in northern Spain. Read more at New York Daily News.