Bill Gates Is No Longer The World’s Richest Person

According to the Forbes, the Spanish businessman and the founder of the Zara, Amancio Ortega is the world’s richest man currently with a net worth of $78 billion and Bill Gates follows him with $77.4 billion. Yes, Bill Gates is in the second place with the fortune set at $77.4 billion. However, the stock market can’t be foretold.

 

 

The traditional annual list of billionaires was announced by the Forbes on Thursday 8 with technical changes to measure the wealth of billionaires. With the new system, Bill Gates was replaced by the owner of retail chain Zara, Amancio Ortega, the owner of a fortune estimated at $78.5 billion.

Just after his shares rise 2.5% in the bag – this equates to an increase of US $1.7 billion. Hence, the earlier richest person Bill Gates is now in the second place, yes, the EX richest person Bill Gates is in the second place with the fortune set at $77.4 billion.

In October 2015, the founder of the Zara, which is a Spanish clothing and accessories retailer based in Arteixo, Galicia. The company was founded in 1975 by Amancio Ortega and Rosalía Mera. It is the main brand of the Inditex group, the world’s largest apparel retailer. Amancio Ortega had passed Bill Gates for the first time, but only for a few minutes. Shares of Inditex, holding the Spanish suffered depreciation after overtaking.

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