Amancio Ortega, cofounder of Spanish retailing giant Inditex, is now the richest person on the planet, with a $200 million edge over previous leader Bill Gates. Bezos’ net worth has dropped by more than $4 billion in the last month as Amazon shares have fallen from a record high. Ortega became the richest person in the world for the first time in October 2015, but he lost his spot to Gates in less than 24 hours. Despite that diversification, Ortega still holds more than 80% of his wealth in Inditex shares. As the stock has ticked up over the years, his net worth has followed suit.

Source: Forbes August 30, 2017 16:29 UTC