A mysterious retail guru most people have never heard of just became richer than Warren Buffett

By June 4, 2015Uncategorized

Zara’s mysterious founder, Amancio Ortega, is now the world’s second-richest man — surpassing even Warren Buffet. But despite his impressive net worth, many people have never heard of him.

The 79-year-old Spaniard fiercely guards his privacy and gives few interviews to the press.

Ortega founded fast-fashion giant Zara with his then wife Rosalia in 1975. Today, his retail company Intidex SA — which owns Zara, as well as Massimo Dutti and Pull&Bear — has over 6,600 outposts around the world. Zara in and of itself is changing retail forever.

According to Bloomberg, Ortega’s net worth is a whopping $71.5 billion as of June 2, 2015. The only person left for him to beat in this financial category? Bill Gates, who has a net worth of $85.5 billion. However, Bloomberg’s data notes that since last year, Gates’ net worth has decreased by $1.1 billion, while Ortega’s has increased by an impressive $10.4 billion.

Amancio Ortega is the second-richest man in the world, with a net worth estimated at $71.5 billion.

He bought the tallest skyscraper in Spain, the Torre Picasso in Madrid. The building stands 515 feet high and cost $536 million.

He owns The Epic Residences & Hotel in Miami, which is considered to be one of the best luxury hotels in the US.

Ortega drives an Audi A8 luxury sedan that is said to be more about comfort than luxury.

He also owns The Global Express BD-700, a private jet designed by Bombardier, one of the leading manufacturers of luxury private jets. The plane carries price tag of $45 million

Written by: Ashley Lutz Source: www.BusinessInsider.com

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THE MARK CONSULTING & MARKETING