After 17 years of holding the title of the richest person on earth, Bill Gates lost his position Wednesday, Sep. 7.
Amancio Ortega, founder of Zara, the world’s largest apparel retailer, made $1.7 billion when shares in Zara’s parent brand, Inditex, jumped 2.5 percent in a single day. Ortega’s luck was short-lived.
Friday morning at 10 a.m., Inditex shares slumped 2.8 percent. This loss was enough to send Ortega’s net worth down to $77.8 billion and set Gates once again as the world’s richest man.
