Bill Gate loses world’s richest title to Zara boss

The founder of the Zara fashion chain has surpassed Bill Gates’ fortune to become the world’s richest man. Amancio Ortega’s personal fortune rose by $1.7 bn this week taking the owner of the world’s leading mass-fashion chain past Bill Gates’ total.

Ortega is already Europe’s richest man, but the 80-year old now has the title of world’s richest. His daughter, Marta is expected to take over management of the business in the future.

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