Fashion related Business

  • Fashion related Business

    Amancio Ortega, Founder of Zara, is Richer than Warren Buffett!

    I still don’t have power at my place after the hurricane Sandy, but here is a quick shout-out. Bloomberg just broke the news today that Amancio Ortega, the billionaire founder of the chain Zara, is now richer than Warren Buffett and is the third richest person in the world behind Carlos Slim and Bill Gates! For all those who think bringing fashion to the masses isn’t profitable, think again. Here’s the story as it appears on Bloomberg: This is a pretty big deal for Ortega. He’s been the richest European for a while, but displacing someone as popular as Buffet is something that doesn’t happen often. And to top it…