Los Angeles Business Journal

Spain’s Ortega Overtakes Buffett on Richest List

Wednesday, August 8, 2012

Amancio Ortega, the 76-year-old Spaniard who founded retailer Inditex SA, has bumped American Warren Buffett from his ranking as the world’s third-richest person on the Bloomberg Billionaires Index. Bloomberg News reports that Ortega’s fortune is now estimated $46.6 billion, compared with 81-year-old Buffett’s $45.7 billion.