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Sunday, 11 September 2016

How Zara's founder became the richest man in the world - for two days:According to forbes magazine



Amancio Ortega stepped down as chief executive at Zara's owner, Inditex, five years ago.
But he didn't give up work. Not at all.
Even this week, when the company's rising share price made him the richest man in the world for two days, he wasn't ready to retireAmancio Ortega and his daughter Marta
 Every day he still makes the 10km journey from his town centre house to the Inditex headquarters, based just outside the coastal town of La Coruna where he first launched the Zara brand
 Shoppers walking past the entrance to a Zara store.
According to forbes magazine, experts in estimating the bank balances of the world's wealthiest, Mr Ortega's fortune overtook that of Microsoft founder Bill Gates on Wednesday and Thursday this week, before fluctuating share prices pushed it back in to second place.
This was not Mr Ortega's first time at the top of the tree. In October 2015, he was the world's wealthiest man for a few hours. It was hailed as a milestone in Spain.

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