Amancio Ortega

The founder of the Spanish textile concern Inditex and the Zara brand Amancio Ortega became the richest man in the world, pushing Microsoft's founder Bill Gates to second place, Forbes Magazine has said.

Forbes top-30 listed billionaire Wang Jianlin (29th) saw his wealth dissipate by a mere (!) 3.6 bln US dollars in just 24 hours, after the crash in the Chinese stock markets on Monday.