Home / Knowledge / News / Fashion / Zara boss world's second richest man
Zara boss world's second richest man
03
Mar '16
Courtesy: Forbes/ZARA
Courtesy: Forbes/ZARA
A clutch of fashion, apparel and retail heavyweights and retailers including Zara's Amancio Ortega, LVMH's Bernard Arnault, Wal-Mart's Jim Walton, Alice Walton and S Robson Walton, Nike's Phil Knight, H&M's Stefan Persson are among those named in the Forbes Billionaires List of 2016.

Bill Gates, co-founder of the Bill & Melinda Gates Foundation who has steered the Foundation to tackle knotty issues like improving health care and the use of vaccines in developing countries, has emerged as the world's richest man with a net worth of $75 billion, according to the Forbes Billionaires List of 2016.

In December 2015, at the UN climate talks in Paris, Gates raised his profile on the global stage when he announced the formation of the Breakthrough Energy Coalition, a group of more than 20 billionaires who have agreed to invest in innovative clean energy.

Spanish fashion label Zara's founder Amancio Oretga is the richest man in Europe and the wealthiest retailer in the world. Oretga who is worth $67 billion, is second on the Forbes list. He started manufacturing textiles through a small family company in 1963 before cofounding Zara with his ex-wife Rosalía Mera in 1975.

American business magnate, philanthropist and the world's most successful investor, Warren Buffet is the third richest man in the world with a net worth of $60.8 billion. Buffet pulled off his biggest-ever deal in August 2015 when his Berkshire Hathaway agreed to pay $37 billion for aerospace and industrial partsmaker Precision Castparts.

Mexican businessman Carlos Slim Helu, the world's second richest man in 2015, hit some headwinds in the past year. He took a $27.1 billion blow, making him the biggest dollar loser on the 2016 Forbes Billionaires List. Slim is fourth on the Forbes list with a net worth of $50 billion.

Jeff Bezos, American technology entrepreneur and investor, is world's fifth richest man in the world with a net worth of $45.2 billion.

Facebook founder Mark Zukerberg had the best year among the world's billionaires as he climbed from the 16th position in 2015 to the 6th place in the 2016 Forbes Billionaires List. Facebook's soaring stock price made him the world's biggest gainer, adding $11.2 billion to his fortune in 12 months.

French luxury goods brand LVMH's Bernard Arnault is the 14th richest man in the planet with a net worth of $35 billion.

Wal-Mart's Jim Walton, Alice Walton and S Robson Walton follow Arnault at 15th, 16th and 17th positions on the Forbes list.

Reliance Industries Chairman and the richest Indian, Mukesh Ambani climbed three notches up to the 36th position in the Forbes Billionaires List of 2016. Ambani has a net worth of $19.3 billion despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Indian textile & apparel exports fall 13% in Jan 2018

Textiles | On 17th Feb 2018

Indian textile & apparel exports fall 13% in Jan 2018

A decline of 13 per cent year-on-year has been observed in the...

Brazilian cotton prices move up in first fortnight

Textiles | On 17th Feb 2018

Brazilian cotton prices move up in first fortnight

Cotton prices rose in Brazil in the first fortnight of February, as...

Courtesy: OrganoClick

Textiles | On 17th Feb 2018

OrganoClick introduces OrganoTex for water repellency

OrganoClick has introduced OrganoTex, a textile impregnation product...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Urmil Arya

Sushila International, a well established textile organisation established ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.3%
No
12.9%
Skip
16.8%

Total Votes: 101

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.4%
No
29.7%
Skip
6.9%

Total Votes: 101

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.1%
No
8.9%
Skip
3.0%

Total Votes: 101

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.2%
No
7.9%
Skip
8.9%

Total Votes: 101


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search