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. Ortega’s net worth has increased 17 percent to $71.5 billion this year as Inditex profit rose amid surging sales. The La Coruna, Spain-based company operates more than 6,600 stores under brands that include Zara, Massimo Dutti and Pull&Bear. (full story)