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Bill Gates replaced by who, into becoming the richest man in the world?

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A Spanish retail giant Amancio Ortega who started Zara has just passed Microsoft co-founder Bill Gates into becoming the richest man in the world.

Bill Gates replaced by who, into becoming the richest man in the world?

The market shares of Ortega’s business Inditex, main company to Zara, Massimo Dutti and Pull&Bear, ticked up 2.5%, boosting Ortega’s individual portion by $1.7 billion. This has lifted his net worth from $77.8 billion to $79.5 billion, whereas Bill Gates is worth an estimated amount of $78.5 billion.

Ortega started his career as a store clerk in his hometown before opening his own business. Introducing him to the market with less than $100, he and his wife Rosalia Mera began making lingerie, pajamas and nightgowns in their living room.

In 1975, the couple (who eventually divorced) decided to open a store by the name of Zara. After eight years, Ortega had grew larger to nine locations around Spain. In 1984, he opened a 10,000 square foot logistics hub.