Bill Gates have been overthrown by Spanish clothing Magnate Ortega Amancio ,Bill Gates the Microsoft founder was over took by Amancio Ortega founder of European clothing retailer Zara.
Ortega surpassed Bill Gates with estimated net worth of $79.5bn to become the wealthiest person on the planet, with a fortune of $79.8 billion .
According to Forbes, Ortega's wealth rose by 5.3%, another $4 billion, over the last 24 hours. That's partly down to a surge in Inditex shares, the parent company that owns Zara.
In the last 10 years, the market value of Inditex has risen by about 570%, the main driver of Ortega's climb up the ranks.
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