Spanish Businessman Overtakes Mukesh Ambani in Rich List: You’ll Be Shocked When You Hear His Brand Name!

Mukesh Ambani And Amancio Ortega: Asia’s richest man and India’s richest businessman Mukesh Ambani has come down one place in the global list of the rich. According to the latest list of Bloomberg Billionaires Index (18 September 2024), Mukesh Ambani has now come to 12th place in this list. The businessman who has overtaken Mukesh Ambani is not only older than him in age, but is also a veteran of the business world. This businessman is Ortega Amancio and in September 2016, he has also won the crown of the richest person in the world. His most famous brand is Zara… are you shocked...

Do you know Amancio Ortega Gaona?

According to the Bloomberg Billionaires Index, Mukesh Ambani added $335 million to his wealth yesterday. Thus, he came to the 12th position with a total net worth of $112 billion. Earlier in the day, due to a fall in the price of Reliance Group shares, Mukesh Ambani’s net worth fell by $179 million and remained at $111 billion, due to which he slipped from the 11th position to the 12th position. At the same time, Amancio Ortega Gaona’s net worth increased by $1.24 billion and with a total wealth of $113 billion, Amancio Ortega climbed up to the 11th position in the Bloomberg Billionaires Index.

Mukesh Ambani has been at the 11th position for a long time

India’s energy sector business tycoon Mukesh Ambani was at the 11th position in the Bloomberg Billionaires Index for a long time, but this time Spain’s retail sector businessman Amancio Ortega Gaona has snatched this position from him. 

Who is Amancio Ortega Gaona 

Amancio Ortega Gaona is a Spanish billionaire businessman who is the founder and former chairman of Inditex Fashion Group. Inditex Fashion Group is known for its big fashion luxury brand Zara and Bershka clothing store chain. He is also considered a pioneer in fast fashion. Ortega Amancio owns 59 percent stake in Indetax company. Ortega opened Zara’s first store in 1975 and formed a holding company named Indetax in 1985. Inditex Fashion Group is the parent company of Zara and 7 other retail brands. It has more than 7400 retail stores globally and its revenue last year was $34.1 billion. Tata Group runs Zara’s stores in India. 

Started as a delivery boy, landed a job at a shirtmaker’s

Born on 28 March 1936, Amancio Ortega Gaona has a long business experience and his journey, which began at the age of 13 as a delivery boy in a clothing company, is still continuing. After working as a delivery boy, he became an assistant in a tailor’s shop and worked as a shirtmaker. In this way, the owner of the Zara brand achieved business success after a long struggle.