Bill Gates Overtakes Amancio Ortega As Richest Man In The World Title

Bill Gates ($79.4 Billion) of United States dethroned Amancio Ortega ($78 Billion) of Spain to become the world richest person

“After momentarily losing his positionat the top to Spanish retail giant, Amancio Ortega of Zara fame, Bill Gates on Friday morning reclaimed his position as the world’s richest man.

Gates had briefly lost his highly coveted title to Ortega, who was number four on the list before when Ortega’s net worth hit $80 billion as stock in his holding company Industria de Diseño

Textil, better known as Inditex, reaching an all-time high of 33.99 Euros per share.

However, Gates who has held the top spot for 16 of the past 21 years, quickly reclaimed the top ranking after Ortega’s shares slipped slightly to 33.80 Euros as of 10:52 am, Eastern Standard Time, Forbes reported.