Everyone is know only Bill Gates when we talk about world richest man. Right ? But this like a universal truth Because no one competitior of Bill Gates in the race of World's richest man.

Yeah many billionaires like Amancio Ortega ($67B), Warren Buffett ($60.8B), Carlos Slim Helu ($50B), Jeff Bezos ($45.2B) etc. in this list according to forbes in 2015. But in 2016 the time was change A man who was second position in 2015 with 67B $ rise their own bussiness with approx 13.5b $ and come at first position.

The one and only Amancia Ortega is now the richest man in the world

The railworker’s son who is now the world’s richest man: How reclusive Spanish founder of fashion chain Zara has amassed a fortune of $79.5billion – and is set to hand over his empire to his glamorous daughter

The Spanish founder of the Zara fashion chain has overtaken Bill Gates to become the world's richest man.Amancio Ortega's personal fortune leapt by $1.7billion this week to $79.5billion - taking the Inditex owner past the Microsoft co-founder's estimated $78.5billion.Already Europe's richest man, the 80-year-old - whose glamorous daughter Marta is expected to take over management of the business - now tops the global list.

The 80-year-old Spaniard is already Europe’s richest man but he now tops the global list.And his glamorous daughter Marta, 31, is expected to take over management of the business after undergoing training when was younger – including stacking shelves.Inditex – parent company to Zara, Massimo Dutti and Pull&Bear – will not confirm her as successor.

Marta, 31, has undergone training at the firm, including stacking shelves when she was younger. Despite rumours that she is due to succeed her father, Inditex - parent company to Zara, Massimo Dutti and Pull&Bear - will not confirm her as successor. Forbes reported that Ortega became the world's richest man on Wednesday when Inditex shares went up 2.5 per cent.He now has a larger net worth than US investor Warren Buffett and Amazon founder Jeff Bezos.

How did the son of a railroad worker in Fascist Spain hit the big time?
Ortega began his professional life at 14 as a delivery boy with a shirt-maker in Coruna, a blustery city in Northern Spain. Within a few years he had set up a workshop making nightgowns, lingerie and babywear. In 1963, with the equivalent of €30 (so legend has it) he founded a company called Confecciones GOA – his initials, backwards.

You will Be surprise to know that Amancia Ortega who is now world's richest man is due to his daughter Marta is expected to take over the billion pound company

Presumably Zara was named after a daughter?
Actually it was named after Zorba the Greek, Ortega and his wife Rosalia’s favourite film – sort of. Hearing of the proposed name, the owner of a nearby bar, also called Zorba, complained. Conciliatory yet budget conscious, Ortega searched for an alternative name that would use (almost) the letters he’d already had made. Zara, with its budget versions of catwalk hits, opened in Coruna in 1975. All things considered, it has not been a disaster. Ortega began to expand into the rest of Spain, invading Portugal in 1988, the USA the following year and France in 1990. The UK, which already had a ferociously competitive high street, took a bit longer. The first Zara opened in London in 1998. It too was a smash. These days no town can consider itself a serious retail magnate without a Zara. When Sydney finally got a branch in 2011, crowd barriers had to be maintained for weeks. As one Sydney-sider remarked sardonically, “Thank God, we won’t be a third-world fashion country any more.”

Bill Gates

Now Bill Gates is stand on second position according to list but it for only fpr few hours because the share market but the the main thing is now Bill gates is a competitor. Now he fear about his seat of world richest man because now in between bill gates and Amancio Ortega not much difference. IT will fill any time so check status about again world richest man now ................ .

And the reaction of Bill gates is ...