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)