Pursuits

Ortega Passes Buffett as World’s Second-Richest Person

Meet Amancio Ortega, the World's Second-Richest Person

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Amancio Ortega, the Spanish magnate who pioneered fast-fashion retail, passed investor Warren Buffett to become the world’s second-richest person.

It’s the first time the founder of Inditex SA, the world’s largest clothing retailer, has occupied the No. 2 slot since the Bloomberg Billionaires Index debuted in March 2012.