The obscure founder of Zara just knocked out Jeff Bezos to match the second-richest man in the business world.
Amancio Ortega maintained the second spot on the roster of the world’s wealthiest people on Tuesday, Forbes published. Amazon founder and CEO Jeff Bezos — who hit out Bill Gates to abruptly maintain the title of the richest man in the world — collapsed to the No. Three positions.
Bezos’ decline is due to Amazon stock inconstancies, as the e-commerce company’s stock has fallen nearly 5% since last Thursday. As of Tuesday afternoon, Forbes predicts Ortega’s net worth to be $85.5 billion, compared to Bezos’ calculated net worth of $84.6 billion.
Despite Ortega’s immense resources, many people have never learned of him. Ortega is an amazingly private man, is rarely seen in public, and has given just some of conversations during his hugely prosperous profession.
That career started when Ortega established fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA — which owns Zara, Massimo Dutti, and Pull&Bear — has 7,385 positions around the world.
While Ortega is immensely private, we do acknowledge a fair sum about him.
Here’s everything you need to know about the most affluent man in fashion.
1.) Amancio Ortega is the second-wealthiest man in the world, with a net worth valued at $85.5 billion.
2.) Only one successful and prominent man in the globe is richer than Ortega: Bill Gates.
3.) Ortega was born in the town of Busdongo de Arbas, Spain, in March 1936.
4.) He also holds The Global Express BD-700, a private jet designed by Bombardier, one of the preeminent manufacturers of luxury private jets. The plane carries a price tag of $45 million.
5.) He also purchased the Epic Residences and Hotel in Miami, recognized to be one of the best luxury hotels in the US.
6.) Ortega is known for being immensely private. In 2012, Bloomberg remarked that he had only given interviews to three journalists.
7.) Ortega drives an Audi A8 luxury sedan that is said to be more about comfort than a luxury.
8.) He also bought one of the tallest skyscrapers in Spain, the Torre Picasso in Madrid. The building reaches at 515 feet and cost $536 million