Spanish billionaire owner of Zara clothing overthrows Bill Gates as the richest man in the world | Welcome to Linda Ikeji's Blog

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Friday, 23 October 2015

Spanish billionaire owner of Zara clothing overthrows Bill Gates as the richest man in the world

Spanish clothing magnate Amancio Ortega, 79, over took Microsoft founder Bill Gates for the first time ever in the Forbes rich list. According to Forbes's real-time tracker, the elusive multibillionaire founder of European clothing retailer Zara smashed past Bill Gates to become the wealthiest person on the planet, with a fortune of $79.8 billion (€71.83 billion or £51.84 billion). Bill Gates' estimated net worth is $79.5bn as of this afternoon. He's expected to take back his top position from Ortega.
The elusive Ortega isn't as much of a household name as Gates, but he's quietly ascended the wealth rankings in recent years, as his company continues to perform well and expand.

 
Unlike many of the richest people in the world, Ortega has a fascinating rags-to-riches story. Born in 1936 during the Spanish Civil War, Ortega's father earned 300 pesetas a month, a meager salary. 
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. 
According to Forbes, Ortega's wealth rose by 5.3%, another $4 billion, over the last 24 hours. That's partly down to a surge in Inditex shares, the parent company that owns Zara.
In the last 10 years, the market value of Inditex has risen by about 570%, the main driver of Ortega's climb up the ranks.
n an odd turn of events, Ortega hasMario Draghi to thank for his new rank — the head of the European Central Bank's hints that the ECB would boost its quantitative-easing programme on Thursday sent shares in the eurozone surging upwards.
Source: Business Insider

77 comments:

AMARACHI (LindaIkeji's Daughter) said...

Wow! He must be stinkinly rich!

STERN said...

Zara clothes are in good quality. I LOVE them.

Cute G said...

Power has changed hands.

Anonymous said...

Aunty linda has really inspired me a lot with her success,and I want to key into it and I really want to be a self made on
my own but no help coming forth on an oven after my training so I can start up.
am using this medium to plead with anyone that can help me out with a new oven or a used oven,so I can start up my baking business,I really need the oven so badly.
Attached here are my email address.
Peacekelechi89@gmail.com

Teemah Salau said...

Wow!

Anonymous said...

REALLY?


I ALWAYS TOT THE OWNER WAS ARAB


SO NA SPANISH MAN GET AM



MEENAH_WAKIL ON INSTAGRAM

ary said...

I seriously used to think Zara was Aba made until some couple of years ago! But hollup!!! Bill Gates is so rich he makes money while he sleeps!! This is a real time Forbes list, that means by tomorrow, Gates would be sitting pretty at number one AGAIN!!!

Queen Kunta said...

Nice!

GREAtson Vieriche CJ said...

Congratulations to him on his newly found position on top the pyramid for a few days or weeks before Sir Billy takes back his position.

ROYAL PRIESTHOOD said...

Wow!

Frm grass to grace. Dis story of his makes a lot of sense and I hope we all learn frm him. Congrats!

Ngene Olivia said...

Wow. Impressive


















#It WiLL oNLy gET beTTer
#iT mUsT eNd iN prAiSe

bomi said...

Big Deal!!!

#KiniBigDeal...

iyke igbozendu said...

This shows tht there is hope for everybody

Davido's driver said...

80% of my clothes are zara

OSINANL said...

Hmmmmm...

mccoy said...

Wow! Gud stuff
But am sure thief Allison Madueke must be smiling at this news like. #TheyDon'tKnow

Dauda Aliu said...

I don't believe it.






Blackberry gives you the best and make you forget the rest.
....................................
David (dave_gino) »Commenting from my BLACKBERRY 9900«

lami said...

Nice one

Chukwuka Anwuli said...

I want to be richer than them.P

joyous babe said...

Congrate to him, I tap frm their riches.

Alloy Chikezie said...

Congratulobia to him.

Your comment will be visible after approval.

Anonymous said...

OH MY GOD PLEASE SETTLE ME O LORD

oluchi pat said...

Too much money

SMURF said...

Congrats, I contributed to his fortune.. lol

kelvin andre said...

Bill Gate go vex now. Nigga never fall to 3rd, either 1st or 2nd

LAS GidDY said...

If it is not published by FORBES; it is not AUTHENTIC nor OFFICIAL because Forbes.com as at 17:18GMT still rates Bill gates as no 1 while Ortega at No 4 after Carlos Slim Helu and Warren Buffet.

Linda get your facts right!!!

Amaka Ngenegbo said...

Choi! The kind of money these men have can cause instant headache when mentioned! Oluwa bless me too o.












#TeamBlessed#

Amaka Ngenegbo said...

Choi! The kind of money these men have can cause instant headache when mentioned! Oluwa bless me too o.












#TeamBlessed#

Juliet Iwuno said...

Congrats to him. Linda take note!

Juliet Iwuno said...

Congrats to him. Linda take note!

Rotimi Bewaji said...

Who would know?. These fashion guys are really surging. In any case, it's common sense perhaps, I've always reasoned that businesses that supply basic needs like clothes, food, shelter, naturally should be d biggest. Bill Gates however will reclaim his kingship soon enough

Anonymous said...

Pls I need only #1,000000. Pls Linda help me I need ur help.

bummyla said...

congratulations Sir! http://www.bummyla.com

mc jkcyno said...

Jehova biko mee nu mu elibe agwu agwu..biko chim

Rotimi Bewaji said...

How could "Zara" have been Arab, that name sounds more Spanish

Rotimi Bewaji said...

Lol@ Aba made, I've seen their suits, I think there's nothing really special about d brand

Anonymous said...

Bill Gates is worth over 80 billion dollars as of today.

Anonymous said...

This kain person! If you request 1m$ wire from his account...banker no fit ask u any bomboclat question...Dem go just send confirmation receipt! Jesu!

Cheryl said...

Wow, and I always thot Zara was owned by a woman. Looking for quality, zara's got u covered! Congrats to him. But wait o, wat does it really mean to be a "multi billionaire"???? #faints

aniyikaye tosin said...

Great men achieving great things

Anonymous said...

Zara! Aba made!!! That's one of the best shops on the high street. Pricier than other high street shops too. You must have been wearing some cheap knock offs

Anonymous said...

True. Bill gates has been knocked off before but he always regains his crown

Anonymous said...

So you made him stinky rich. And how are you fairing financially?

Ade said...

This is a clear message that "Fashion never gets out of Fashion. So therefore watch out FERI Fashion lines by Global Wealth Trade, its revolutioning from the other Fashion Lines. For more information log on to www.gwtcorp.com/goldfingers. With FERI Lines you get PAID to look GOOD!!!

Ade said...

Mummy will tell you how much that money is....

money maker said...

Lol. Linda is now the FG.

money maker said...

Two of them should watch out.l am on my way to overthrow them soon.

money maker said...

Lol. Linda is now the FG.

Okpe Sarah said...

I'm telling u

Anonymous said...

Put up Phone number

Anonymous said...

Guy u are sick. 80% of my clothes. Lol. U made m laff

Oluwadamilola said...

Na Alison no get this kind money oo..

admission faculty said...

Who ax u?

Ariwazed said...

Hmmm.... Stinking money..

Anonymous said...

Linda that is you in a bit in Jesus Name..... And also me

Anonymous said...

Hmmmmmm.... Kudos for genuine money. For all you know, our former minister for petroleum may even be richer than him with our stolen oil money.

Henry Eze said...

Ur papa

yahoo babe no laptop said...

love me some zara! oshey!!1

click name to see me in my nude

Sena Job said...

Always repping Zara......love their brands

Anonymous said...

Bill is a die-hard giver. He gives alot. Its temporary position. Bill gate will take it back soon.

victor uche said...

More money

victor uche said...

More money

Godslove Eze said...

Money talks... Bullshit works... Am Always encouraged when I see such great men achieving great results... Am getting there soon.

Anonymous said...

How much does a new oven cost? You should let us know.

Eric Kelvin said...

I for like marry dis man daughter oo,make de wealth for follow reach my place .

mark okoli said...

Doubt Gates even checks this list or is concerned with it

FIZZICHILLIO said...

You don't have sense. They just told u he's worlds richest man right now and you're saying "He must be"... Pffffffft use ur brain please!!

Anonymous said...

They r there making money and innovating new stuffs while u r busy making unnecessary computations.

Anonymous said...

For your zara shoes please call 08173302401. At very affordable price thank you

Anonymous said...

It's not true Bill Gates is still the Richest followed by Carlos. This guy's networth is 70.7 billion USD so please Linda Ikeji Take note Aii

Breanna Mag said...

And his company still owe me £650 from when I worked there... Smh....

surryluv said...

I love Zara wears any day anytime, it's always suits me Zara all d way but God bless me too wiv money don't lemme be at d back pple get money sha

Anonymous said...

Baddest

Paul Ocheke said...

Ok, so nobody don get 100 billion... I ll be the first, Linda take note

Ade Olasengbe said...

People are now more interested in fashion than Microsoft

Ade Olasengbe said...

I'm the next person to be d richest all over the world

Ade Olasengbe said...

I'm the next person to be d richest all over the world

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