Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

By Rob Wile
April 14, 2017
Amancio Ortega, founding shareholder of Inditex fashion group, best known for the clothing retailer Zara.
Amancio Ortega, founding shareholder of Inditex fashion group, best known for the clothing retailer Zara.
Iago Lopez—AP

That didn’t last long.

Two weeks after grabbing the title of world’s second-richest person, Jeff Bezos has been surpassed by Zara founder Amancio Ortega, after shares of Ortega’s Inditex SA firm climbed 1.27 percent Thursday. Meanwhile, Amazon lost $978 million in value. Ortega’s net worth rose to $76.7 billion, while Bezos is now worth a mere $76.4 billion according to Bloomberg. Bill Gates remains the richest man in the world with a net worth of $85.9 billion.

Ortega, 81, founded clothing outlet Zara his ex-wife Rosalia Mera in the mid-’70s in Spain; the brand now boasts 1,500 stores in 70 countries. Ortega himself is fiercely private. According to Business Insider, he has only ever granted three interviews. It is known that he has three children and continues to live in Spain.

Ortega has expanded his holdings to include real estate, including the tallest tower in Spain, the Torre Picasso in Madrid; and the The Epic Residences & Hotel in downtown Miami.

Inditex shares are now trading at an all-time high of €34.33 on the Bolsa de Madrid.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST