The World's Second-Richest Person Is Closing In on Number One
Amancio Ortega pulls within $10 billion of Bill Gates.
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Spain's fast-fashion king Amancio Ortega has added $3.7 billion to his personal fortune after Inditex SA, the world's largest clothing retailer, announced brisk sales, sending shares up 6 percent. Sanford C. Bernstein analyst Jamie Merriman said the company results were strong and show a "stellar start" to the quarter.
Ortega, who passed U.S. investor Warren Buffett as the world's second-richest person in June, is $9.5 billion away from leapfrogging Microsoft founder Bill Gates as the world's richest person, as of mid-day trading in New York, according to the Bloomberg Billionaires Index.