Sunday, 17 June 2012

Zara boss overtakes Ikea founder on rich list

Amancio Ortega, the owner of Inditex, which owns the Zara fashion chain, among others, is the richest man in Europe, and the fourth richest in the world, according to financial site Bloomberg. The site headed the story thus: "Ortega is Europe's richest man while Spain ravaged by debt." It goes on to say that his fortune rose to $39.5 billion (not quite enough to rescue Spain's banks, alas), which puts him above Sweden's Ingvar Kamprad, founder of Ikea and worth $37.2 billion, and Bernard Arnault, owner of the Louis Vuitton Moet Hennessy (LVMH) luxury goods empire, who is attributed $22.7 billion. Heading the list of the world's richest is still Mexican media mogul Carlos Slim, but the Bloomberg Billionaires Index tells us that Mark Zuckerberg, founder of Facebook, has been dropped off the top 40.

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