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Seth Rotherham
  • Sorry, Warren! There’s A New Second Richest Man In The World

    04 Jun 2015 by Kiernan in Business, Fashion, Money, Vibe
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    I often wonder what in the world drives people worth in the region of $70 billion to lift as much as a finger in the way of work. Me? I’m travelling the world, living it up and not devoting a second towards trying to increase my fortune.

    Then you realise that for these guys the thrill is not in the spending of the money but rather in the making of it. You have to have a special kind of ego to keep on trucking when you’re wealthy enough to pack it all in, so with that being said I imagine Warren Buffet (investment guru, kind of like these guys) will be rather peeved about being usurped in the riches game.

    Amancio Ortega, founder of clothing empire Zara, has now overtaken Buffet. Here are the numbers from Fortune:

    The 79-year-old who hails from Spain is worth over $71.5 billion as of June 2, 2015…Bill Gates remains the world’s richest man with a net worth of over $85.5 billion.

    Buffet’s net worth of $70.2 billion — over $1 billion shy of Ortega’s new total — drops him well into third.

    Well cry me a river Warren, I still don’t see you going hungry any time soon. How does Zara make Ortega so filthy stinkin’ rich?

    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 of itself is changing retail forever.

    You know things are less delightful in the personal wealth department when you start measuring your net worth by how topped up your petrol tank and booze cabinet are.

    Soon to be emptied (on both accounts) in case you were wondering.

    [source:fortune]

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