Fast Fashion Makes Zara Owner Second Richest; Buffett Falls
Amancio Ortega is now the second-richest person in the world after his investments surged and Warren Buffett's dipped.By Ben Lawson | June 4, 2015
Warren Buffett is no longer the second richest person in the world. That title now goes to Amancio Ortega, the founder of clothing retailer Zara.
At 79 years old, Ortega is now worth $71.5 billion, according to Bloomberg's list of the world's richest people.
This is the first time Buffett has been knocked down a notch from Bloomberg's list since it launched in 2012.