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Nairaland Forum / Nairaland / General / Business / Spanish billionaire topple Bill Gates as the richest man in the world (798 Views)
Jeff Bezos Overtakes Bill Gates To Become World's Richest Man / Amancio Ortega Overtakes Bill Gates As The Richest Man In The World / Spanish Billionaire Overthrows Bill Gates As The Richest Man In The World (2) (3) (4)
Spanish billionaire topple Bill Gates as the richest man in the world by GistStory(m): 5:08pm On Oct 23, 2015 |
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. Unlike many of the richest people in the world, Ortega has a fascinating rags-to-riches story. Born in 1936 during the Spanish Civil War, Ortega's father earned 300 pesetas a month, a meager salary. Ortega's biographer described his memories of a childhood during which his family could not always afford enough food. He left school in his early teens, working his way up from the absolute bottom rung as a messenger boy in a shop. It wasn't until he was 40 years old that Ortega got around to setting up Zara, the fast-fashion retailer that has gone from strength to strength — first growing in Spain, then neighbouring Portugal and France, then London. Now it's all over the globe. According to Forbes, Ortega's wealth rose by 5.3%, another $4 billion, over the last 24 hours. That's partly down to a surge in Inditex shares, the parent company that owns Zara. In the last 10 years, the market value of Inditex has risen by about 570%, the main driver of Ortega's climb up the ranks. Source: Giststory
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Re: Spanish billionaire topple Bill Gates as the richest man in the world by kossyablaze(m): 5:20pm On Oct 23, 2015 |
Asi 3 Likes 2 Shares |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by tobtap: 5:29pm On Oct 23, 2015 |
k |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by resty4(m): 5:30pm On Oct 23, 2015 |
@op weti de wori u eh? Giv d complete source or yr thread na wash joor. |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by Niyeal(m): 5:37pm On Oct 23, 2015 |
Vanity upon vanity |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by MissShakara: 5:49pm On Oct 23, 2015 |
Turn by turn. One day it will be my turn. |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by doyinisaac(m): 10:00pm On Oct 23, 2015 |
Niyeal:Yet you are working to make money,Yet u still hustle to become successful in life and be comfortable.....hypocrite!!! 1 Like |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by abduljabbar4(m): 10:53pm On Oct 23, 2015 |
If only he would dash me 1 million dollars... |
Re: Spanish billionaire topple Bill Gates as the richest man in the world by faray: 11:21pm On Oct 23, 2015 |
abduljabbar4:you have to earn it |
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