Meet The Man Who Has Overtaken Bill Gates To Become World’s Richest Man (Photos)

The Spanish founder of the Zara fashion chain has overtaken Bill Gates to become the world’s richest man. Amancio Ortega’s personal fortune leapt by $1.7billion this week to $79.5billion – taking the Inditex owner past the Microsoft co-founder’s estimated $78.5billion.

Already Europe’s richest man, the 80-year-old – whose glamorous daughter Marta is expected to take over management of the business – now tops the global list.

Forbes reported that Ortega became the world’s richest man on Wednesday when Inditex shares went up 2.5 per cent.

He now has a larger net worth than US investor Warren Buffett and Amazon founder Jeff Bezos.