Zara? never heard of it.
Zara clothing chain owner overtakes Warren Buffett on world's rich list
Fashion tycoon Amancio Ortega, owner of clothing chain Zara, has toppled Warren Buffett from his place as the world's third richest man, with a fortune of £30billion. The 76-year-old Spaniard bumped the Oracle of Omaha off the podium after shares in his retail giant Inditex gained 3.8 per cent yesterday to close at a record high, pushing his net worth up by around £1billion. The news of the tycoon's fortune comes as Spain tries to cope with an unemployment level of nearly 20 per cent and a beleaguered government which seems just days from asking for an European bailout. Read more: ... (full story)