Spanish retailer and founder of ZARA, Amancio Ortega has emerged as the richest person on planet earth. This was revealed in a recent news by Forbes.
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According to the new release, Amancio Ortega who is also a co-founder of the Spanish retail company known as Inditex became the world's richest man when his worth clocked a whopping $85 billion (eighty-five billion US dollars).
He is now $200 million richer than the previous title holder and Microsoft Boss, Bill Gates.
Just few weeks before now, Amazon CEO, Jeff Bezos clinched onto this title but dropped as a result of decline in his net worth.
Forbes was quoted as noting that Bezos’ net worth has dropped by more than $4 billion in the last month as Amazon shares have fallen from a record high.