Short Bytes: Amancio Ortega, the founder of the clothing line Zara, has replaced Bill Gates as the world’s richest person. Ortega and Gates switched the top position in a matter of a few minutes. Currently, Ortega is ahead with a net worth of $78 billion.
Update: Bill Gates is again at the top position.
Zara’s parent company Inditex’s 2.5% rise on Wednesday made Ortega surpass Bill Gates to become the richest man. The shares dropped by 2.8% on Friday, Ortega fell on to the second position and Gates took the lead. Ortega made a come back after 45 minutes but Gates was again on the first position ten minutes later.
As per Forbes’ The World’s Billionaires real-time list, the Spanish businessman Amancio Ortega is the world’s richest man with a net worth of $78 billion and Bill Gates follows him with $77.6 billion. The stock market can’t be predicted. Hence, the list is likely to change in the coming days or hours.
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— via Forbes
Note: The net worth figures mentioned above were observed at the time of writing this post.
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