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Bill Gates Is No Longer The World’s Richest Man

Written by kasangaki Daniel

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.

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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.

worlds-richest-person

On Thursday 8, the founder of Zara, Amancio Ortega had lost around $400 million of the fortune earned the day before, but still leading the list of billionaires. While Bill Gates donated about $31 billion in stock and cash for his foundation along life, recalled the “Forbes” magazine to publicise the fact. “If Microsoft’s co-founder was not a philanthropist as prolific nor Ortega nor anyone else on Earth would be close to achieving it,” says the publication.

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. However, the stock market can’t be foretold. Yes, it means that the current list is likely to change in the coming days or hours.

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About the author

kasangaki Daniel

An IT Technician by day and Tech blogger by night, Daniel is at his happiest when he's able to help others solve tech issues. He loves discussing computers and playing video games. Feel free to contact him on social media!
Follow me: @core_ug on Twitter | kasangaki.danielon Facebook

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