Warren Buffet Overtaken As Second-Richest Man in the World

June 3, 2015 8:14 PM

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Warren Buffet Overtaken As Second-Richest Man in the World

Amancio Ortega, founder of clothing retailer Zara, is now the second-richest man in the world, knocking legendary investor Warren Buffett into third place.

The 79-year-old who hails from Spain is worth over $71.5 billion as of June 2, 2015, according to Bloomberg. Bill Gates remains the world’s richest man with a net worth of over $85.5 billion.

Also read: Mystery Bidder Appears, Challenging Buffett for Oncor With $9.3 Billion Offer

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