Amancio Ortega, the Spanish billionaire behind global fashion powerhouse Zara, witnessed a staggering $10.8 billion drop in his net worth in just 24 hours, as shares of his company, Inditex, tumbled by 8% on Wednesday.
Amancio Ortega, the Spanish billionaire behind the global fast-fashion empire Zara, experienced a staggering $9 billion drop in his net worth on Wednesday according to Forbes's real-time billionaire index, marking one of the most significant single-day losses in recent memory.
Spanish businessman, Amancio Ortega, the fashion billionaire and proprietor of Inditex, the wealthiest clothing retailer globally, has witnessed a surge in his net worth by $4 billion within the last 24 hours.
Mr. Ortega is now the 23rd-richest person in the world with a $59.6 billion fortune, according to the Forbes Billionaires Index.
Amancio Ortega, the billionaire founder of global clothing chain, Zara is set to purchase Toronto's Royal Bank Plaza...
Amancio Ortega currently has a net worth of $72 billion, posting year to date gains of about $5.5 billion.
