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Amancio Ortega Emerged 2012 Highest Gainer, Toppled Warren Buffet - Business - Nairaland

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Amancio Ortega Emerged 2012 Highest Gainer, Toppled Warren Buffet by straneur(m): 11:31am On Jan 02, 2013
Amancio Ortega, the founder of retailer Inditex SA and Zara clothing chain was the biggest gainer in 2012. The 76 years old tycoon’s fortune rose from $22.2 billion to $57.5 billion, a total of 66.7 percent net profit.

Only 16 of the 100 people who appeared on the final ranking of the world richest people recorded losses for the 12 month period. “Obviously last year was an amazing year for the world billionaires” said John Catsimatidis, the billionaire who owns Red Apple Group Inc.

Carlos Slim, the 72 years old who manage Mexico’s America Movil (AMX) still remain the world richest man on earth, with $13.4 billion net profit in 2012 which offset the previous AMX post of 5.8 percent declined in AMX subscribers, the largest mobile network in America. He is 2012 second highest gainer on the list. For the rest of the story Visit:

http://investorsking.com/amancio-ortega-emerged-2012-highest-gainer/

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