You are using an older browser version. Please use a supported version for the best MSN experience.

Mysterious billionaire just beat out Bezos to become second-richest man

Business Insider Logo By Kate Taylor,Will Martin of Business Insider | Slide 1 of 20: <p> The mysterious founder of Zara just beat out Jeff Bezos to become the second-richest person in the world. </p><p> Amancio Ortega claimed the No. 2 spot on the list of the world's richest people on Tuesday, <a href="https://www.forbes.com/sites/katevinton/2017/08/01/bezos-gets-bumped-after-a-brief-stint-as-the-worlds-richest-person-bezos-is-now-in-third-place/#2210bb677dcc"> Forbes reported.</a> Amazon founder and CEO Jeff Bezos - who just last week beat out Bill Gates to briefly claim the title of the richest man in the world - dropped to the No. 3 position.</p><p> Bezos' drop is due to Amazon stock fluctuations, as the ecommerce company's stock has fallen nearly 5% since last Thursday. As of Tuesday afternoon, Forbes estimates Ortega's net worth to be $85.5 billion, compared to Bezos' estimated net worth of $84.6 billion.</p><p> Despite Ortega's enormous wealth, many people have never heard of him. Ortega is an incredibly private man, is rarely seen in public, and has given just a handful of interviews throughout his incredibly successful career.</p><p> That career began when Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA - which owns Zara, Massimo Dutti, and Pull&Bear - has 7,385 outposts around the world.</p><p> While Ortega is immensely private, we do know a fair amount about him. Here's everything you need to know about the richest man in fashion. </p><p>Ashley Lutz and Mallory Schlossberg contributed reporting to an earlier version of this article.</p>

The mysterious founder of Zara just beat out Jeff Bezos to become the second-richest person in the world.

Amancio Ortega claimed the No. 2 spot on the list of the world's richest people on Tuesday, Forbes reported. Amazon founder and CEO Jeff Bezos - who just last week beat out Bill Gates to briefly claim the title of the richest man in the world - dropped to the No. 3 position.

Bezos' drop is due to Amazon stock fluctuations, as the ecommerce company's stock has fallen nearly 5% since last Thursday. As of Tuesday afternoon, Forbes estimates Ortega's net worth to be $85.5 billion, compared to Bezos' estimated net worth of $84.6 billion.

Despite Ortega's enormous wealth, many people have never heard of him. Ortega is an incredibly private man, is rarely seen in public, and has given just a handful of interviews throughout his incredibly successful career.

That career began when Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Inditex SA - which owns Zara, Massimo Dutti, and Pull&Bear - has 7,385 outposts around the world.

While Ortega is immensely private, we do know a fair amount about him. Click through the slideshow to know about the richest man in fashion.

Ashley Lutz and Mallory Schlossberg contributed reporting to an earlier version of this article.

© Getty Images / Xurxo Lobato

More From Business Insider

Business Insider
Business Insider
image beaconimage beaconimage beacon