Bill Gates still remains the richest man in the world with a net worth of $85.5 Billion. Just a short while ago Warren Buffet was the second richest man in the world with a net worth of $70.2 Billion. This man has now recently overtaken Warren Buffet as the second richest man in the world. Who is this man? The 79-year-old who hails from Spain is worth over $71.5 billion as of June 2, 2015, according to Bloomberg. This man own the fast fashion retail website Zara.com. Kate Middleton is reportedly a huge fan of Zara’s design. He himself is known to have a simple lifestyle and does not wear clothes designed by Zara.
Managing a fast fashion retail business is not easy. Ortega has managed to respond quickly to fashion outlets by keeping some of the production facilities closer to home in Spain rather than locating them in China like majority of the competitors. He has also built large stores in trending shopping areas in some of the biggest cities in the world reducing marketing expenditures. So this year his net worth surpassed that of Warren Buffet who is very famous in the world and also known as the Sage of Omaha. The only thing common between the two man is their down to earth simple lifestyles.