Zara owner Ortega overtakes Bill Gates to temporarily become the world's richest man

The founder of Zara fashion chain Amancio Ortega on Wednesday left Bill Gates behind to become the world ' s richest man. According to Forbes report, Ortega had topped in the world richest list after Inditex ' s, Zara ' s parent company, shares soared by 2.5 percent. Ortega, recently, has a larger net worth than Amazon founder Jeff Bezos along with U.S. business magnet Warren Buffett. Ortega ' s personal fortune enhanced to $79.5 billion this week, crossing the billionaire and former richest man in the world Bill Gates whose personal fortune amounts to $78.5 billion. Although, Ortega topped in the global list only on Wednesday and Thursday. Gates reclaimed his position on Friday morning as the Ortega ' s shares fell by 2.8%. Ortega was worth $77.8 billion on Friday morning, while Gates ' fortunes were estimated at $78.1 billion. 80-years-old Ortega, is already tagged as Europe ' s richest man. His daughter Marta Ortega, is expected to take over the business soon. However, Massimo Dutti, Inditex and Pull&Bear have not confirmed the news of her succession yet. 31-years-old Marta has undergone various training programmes in her father ' s business. She also got training in stacking shelves when she was younger as part of the programme. Meanwhile, this isn ' t the first time that Ortega topped the list. He was at the number one rank in October last year when his fortunes pushed slightly ahead of Bill Gates ' . Spanish Amancio Ortaga is the son of a railway worker from La Coruna.  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 established his workshop, in which he 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.