After Losing Spot To Ortega
“After momentarily losing his position at 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.
imageThe two billionaires will likely swap the title
of world’s richest man in the coming days, as
shares of Ortega’s Inditex, Gate’s Microsoft
MSFT +9.43% and their other holdings continue
to bounce up and down.
It would be recalled that this is not the first time
Gates would be knocked off the top of the list.
Mexican telecom tycoon, Carlos Slim Helú, and
American investor, Warren Buffett, had knocked
Gates off his throne in the past but the last was
the first time Ortega claimed the top spot.
Daily Post.
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