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.
Check out the 10 richest people in the world, according to the Bloomberg Billionaires Index:
More:Amancio Ortega Warren Buffett Third Richest Amancio Ortega Warren Buffett Warren Buffett Amancio Ortega Third Richest Warren Buffett Amancio Ortega Amancio Ortega
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