Forbes reported that Amancio Ortega had topped the global richest list after Inditex’s, Zara’s parent company, shares soared by 2.5 percent. Ortega, now, has a larger net worth than Amazon founder Jeff Bezos and U.S. business magnet Warren Buffett.

The stock of Spain-based Inditex, the world’s biggest retailer which operates over 7,000 stores in 91 countries, rose 2.5 percent on Wednesday lifting his wealth by $1.7 billion, according to the report. The shares fell on Friday morning by 2.8 percent. However, as per the real time data now, net worth of Ortega stands at $78 billion as on Friday and that of Gates at $77.4 billion.

This is not the first time that Ortega, son of a railway worker, has overtaken Gates as the richest man.
It was in October 2015 that he overtook Gates for the first time to be the world’s richest.

Amancio Ortaga from Spain is the son of a railway worker from La Coruna. Ortega’s is a success story. He started his professional life at the age of 14 working as a delivery boy with a shirtmaker in Coruna. After a few years. Ortega set up his workshop, which made night gowns, baby wear and lingerie. He opened the first Zara clothing store in 1975 in Spain and since then has transformed his family dressmaker shop into Spain’s largest firm Inditex.