Zara Tycoon Overtakes Bill Gates To Become World's Richest Man

The founder of Spanish shopping chain Zara has overtaken Bill Gates to become the world’s richest man.

Amancio Ortega’s fortune shot up £1.4 billion this week when shares in its parents company rose taking his personal wealth to £67.2 billion .

This sees the 80-year-old pip Microsoft founder Gates’ £66.4 billion fortune as well as other moguls such as US investor Warren Buffett and Amazon founder Jeff Bezos.

The son of a railway worker became the world’s richest man on Wednesday, according to Forbes magazine , when shares of his business Inditex went up 2.5%.

Last year shares went up 40% as sales soared.

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Dangote, Only African to Make the List of the Top 51 World's Richest Billionaires 2016...Check Out the Full List

People are really making more and more money even as many complain about the recession. See the list of the 51st richest Billionaires in 2016.

Africa's richest man, Aliko Dangote

 

Forbes magazine has unveiled the list of the world's richest billionaires in 2016 and Bill Gate tops the list with Amancio Ortega, Warren Buffett coming second and third respectively.

 

Facebook founder and owner, Mark Zuckerberg came sixth this year.

 

The only representative in Africa, Aliko Dangote who is African's richest man and owner of Dangote Group came 51st in the world.

 

Here is the complete list below:

 

Photo Credit: TORI

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