Skip to main content

Amancio Ortega Briefly Passes Bill Gates To Become World's Richest Man












OCT 23, 2015 @ 11:27 AM







Dan Alexander

FORBES STAFF










I write about the most successful people in the world.










MONACO – JUNE 26: Amancio Ortega Gaona attends the International Monte-Carlo Jumping at Port Hercule on June 26, 2014 in Monaco, Monaco. (Photo by Pascal Le Segretain/Getty Images)










Bill Gates briefly relinquished his title as the world’s richest man to Spanish retail giant Amancio Ortega Friday morning. 





Ortega’s net worth hit $80 billion as stock in his holding company Industria de Diseño Textil reached an all-time high of 33.99 Euros per share. 



Gates quickly reclaimed the top ranking after Ortega’s shares slipped slightly to 33.80 Euros as of 10:52 a.m. Eastern Standard Time. 





The two billionaires will likely swap the title of world’s richest man in the coming days, as shares of Inditex, Microsoft and their other holdings continue to bounce up and down.





Industria de Diseño Textil, or Inditex, is the parent company to brands Zara, Pull&Bear and Massimo Dutti. The $20 billion (sales) enterprise is the envy of the retail world, with its fast-fashion model that can design, make, ship and sell a piece of clothing in days. That allows Inditex to react quickly to changing customer demands and keep its stores stocked with the latest trends.





Inditex shares are up more than 50% in the last year. Ortega’s gains in the billionaire ranks are even more impressive since Forbes measures fortunes in dollars, and the value of the Euro has fallen from $1.27 a year ago to $1.10 today.






The son of a railway worker, Ortega cofounded Zara with his wife Rosalia Mera in 1975, selling bathrobes and lingerie. He still owns 59% of the company today. The couple divorced years ago, and daughter Sandra Ortega Mera inherited Rosalia’s stake when her mother died suddenly of a brain hemorrhage in August 2013. Sandra is now the second-richest person in Spain, with a fortune of $7.3 billion.






Amancio Ortega makes hundreds of millions in dividends from Inditex each year, and he has been plowing that money into an ever-expanding real estate empire. 




He has purchased significant buildings in London, Barcelona, Madrid and Chicago. 





In September he reportedly put down $370 million to buy an entire block of retail space in Miami.








MOST POPULAR


Photos: The Forbes Fab 40: The World's Most Valuable Sports Brands 2015














In the most recent report filed with the Spanish registry, Ortega’s real-estate business Pontegadea Inmobiliaria reported assets of more than 5 billion Euros as of 2012. 



The business also declared that it had 645 million Euros of debt.




In 1995, Gates made his first appearance on top of the Forbes World’s Billionaires list, which is published in March of every year.



 Gates has held the top spot for 15 of the 20 years since, including 2014 and 2015.






http://www.forbes.com/sites/danalexander/2015/10/23/amancio-ortega-briefly-passes-bill-gates-to-become-worlds-richest-man





Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

Mangoes date back 65 million years according to research ...

Experts at the Birbal Sahni Institute of Palaeobotany (BSIP) here have traced the origin of mango to the hills of Meghalaya, India from a 65 million year-old fossil of a mango leaf. 





The earlier fossil records of mango (Mangifera indica) from the Northeast and elsewhere were 25 to 30 million years old. The 'carbonized leaf fossil' from Damalgiri area of Meghalaya hills, believed to be a mango tree from the peninsular India, was found by Dr R. C. Mehrotra, senior scientist, BSIP and his colleagues. 




After careful analysis of the fossil of the mango leaf and leaves of modern plants, the BISP scientist found many of the fossil leaf characters to be similar to mangifera.


An extensive study of the anatomy and morphology of several modern-day species of the genus mangifera with the fossil samples had reinforced the concept that its centre of origin is Northeast India, from where it spread into neighbouring areas, says Dr. Mehrotra. 




The genus is believed to have disseminated into neighb…

DHL (INDIA) makes gifting mangoes as easy as 1-2-3-....

Gifting mangoes is now easy with DHL
Announcement / Corporate


 May 19, 2011, 14:04 IST





Come this summer pamper your loved ones abroad with a box of delicious mangoes through DHL’s Express Easy Mango service, a unique one-stop-shop and hassle-free service for gifting mangoes all across the world.






This unique service by DHL Express, the world’s leading express company, allows customers to send mangoes from India across the world to the following countries Belgium, Canada, Czech Republic, Germany, Greece, Hungary, Hong Kong, Italy, Luxemburg, Maldives, Netherlands, Norway, Oman, Qatar Singapore, Switzerland and Sweden.





Mangoes can be availed of free of cost by merely paying for the Air Express service. In addition, DHL Express assists customers with the necessary paperwork along with procurement of quality-grade Alphonso mangoes.





Commenting on the new service, Mr. R.S Subramanian, Country Head, DHL Express India said: “With the advent of the mango season, it is no wonder that DHL Express Ea…