Amancio Ortega, Zara Founder, Becomes World's Third-Richest Person, Overtaking Warren Buffett /Ortega's net worth rose to $47.4 billion #BonnieKavoussi @bkavoussi , @huffpostmoney, @kerstinshamberg, @lauralizhibbard, @socialmia, @deanpraetorius, @travelinganna #bennyquetell, @resilient_ent ,#resilientmediaentertainment

Warren Buffett no longer is the third-richest person in the world. Amancio Ortega, the founder of both Zara and Inditex, which owns the Spanish retailer, overtook Buffett as the third-richest person in the world on Tuesday, according to Bloomberg. On Tuesday, Ortega's net worth rose to $47.4 billion, according to the Bloomberg Billionaires Index, thanks to Inditex's stock price closing at a record high.

 READ MORE AS YOU ENTER THE WORLDS OF #BonnieKavoussi @bkavoussi , @huffpostmoney, @kerstinshamberg, @lauralizhibbard, @socialmia, @deanpraetorius, @travelinganna Tags: billionaires,benny quetell,@resilient_ent,resilient media entertainment,venture capital ,private equity,hedge funds,investment banking

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