fbpx
Connect with us

News

This Guy Beaten Bill Gates To Become The Richest Man On Earth

Published

Ortega1

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Bill Gates, founder of Microsoft, has been the richest man for the longest of time. Well, not anymore I suppose.

There’s a new guy in town and he goes by the name of Amancio Ortega.

Don’t know who he is? Never heard of him before? Well, you’ll go “OHHH that guy” in just awhile.

This spanish billionaire is the founder of famous European clothing brand, ZARA.

“OOHHHHH”

How Rich Is Amancio Ortega Gaona

According to Forbes’ real-time tracker, the elusive multi-billionaire founder of European clothes retailer Zara just surpassed Bill Gates to become the wealthiest person on the planet, with a fortune of $79.8 billion (€71.83 billion or £51.84 billion).

This was achieved as Inditex, parent companies to Zara, Pull&Bear and Massimo Dutti hit 33.99 euros per share last Friday morning.

Amancio1

Unlike some rich people who’s born into an already well-to-do family, Ortega started from the bottom.

Born in 1936 during the Spanish civil war, Ortega’s father was only a railway worker that earned a mere 300 pesetas a month.

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.

Zara

Ortega, the one who built the richest clothing empire rarely grants interviews and is seldom photographed.

He is known to be attentive and take into account the feedback from shop assistants who inform him of shoppers’ reactions when choosing future designs for the store. A former director told Reuters:

“If he speaks to a shop assistant and he likes what they had to say, he will pay more attention to that than to any of his managers.”

It’s no surprise there how he became so successful!

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

My Post 2 53 My Post 2 53
News3 hours ago

Ireland, Norway & Spain are Now Recognising Palestine as a State, Calls for Others to Join!

Countries all over the world have been divided in the Israel-Palestine conflict but one thing is becoming apparent now, the...

Feat Image Tasik Sah Ale Feat Image Tasik Sah Ale
News4 hours ago

Housing Ministry Faces Backlash from M’sians After Writing Shah Alam as “Sah Ale” in an FB Post

The Ministry of Housing and Local Government (KPKT) caused quite a stir online recently for a post on its official...

Feat Image Singapore Incident Feat Image Singapore Incident
News5 hours ago

“9 injured, 1 critical” – 16 M’sians Were Onboard Singapore Airlines Flight That Hit Severe Turbulence

The Ministry of Foreign Affairs today confirmed that a total of 16 Malaysians were on board Singapore Airlines flight SQ321...

My Post 1 2024 05 22T133627.045 My Post 1 2024 05 22T133627.045
News5 hours ago

PM Reaches Out Helping Hand to Viral Kedah Family Whose Baby Has Chronic Lung Disease

Recently, a family in Kedah had gone viral on social media after an image of their baby, who had medical...

My Post 1 2024 05 22T103235.259 My Post 1 2024 05 22T103235.259
News9 hours ago

Terengganu Authorities are Investigating a ‘Bikini’ Party That Took Place on a Private Resort

The owner of a private resort on Pulau Lang Tengah will be summoned on Thursday (May 23) in regards to...

Feat Image Singapore Airline Feat Image Singapore Airline
News1 day ago

BREAKING: 1 Dead, 30 Injured After Singapore Airlines Flight SQ321 Experienced Severe Turbulence

Singapore Airlines has confirmed that 1 person has died while at least 30 others were injured after the airline’s SQ321...

Collage 47 Collage 47
News1 day ago

“We were hungry & far from nozzle” – 4 Youth Plead Guilty to Cooking at Gas Station, Each Fined RM500

Social media users were baffled to see a group of youth cooking at a gas station in Genting Highlands recently...

Feat Image Elephant Stuck Feat Image Elephant Stuck
News1 day ago

Perhilitan Uses Excavator in a 5-Hour Operation to Rescue Wild Elephant Stuck in a Longkang in Perak

A distressing incident involving a wild elephant getting stuck inside a ditch in Perak gripped the nation recently but thankfully,...

Announcement

Latest Videos



TRENDING TODAY