Last month Forbes published its 27th annual Billionaires list. Retailers and brand manufacturers faired pretty well -- though none better than Zara’s Amancio Ortega.
With a net worth of $57 billion, the Spaniard was this year’s biggest winner, leaping two spots to become the third-richest man in the world. Ortega’s fortune is built on the popularity of the Zara fashion brand, which produces affordable fashions based on the latest looks from the runway. Zara’s success is closely tied to its lightning-fast supply chain and inviting stores.
Other retail notables near the top of the list include Warren Buffet (No. 4) with $53.5 billion, LVMH’s Bernaud Arnault (No. 10) with $29 billion and H&M’s Stefan Persson (No. 12) with $28 billion. Walmart’s founding family is well-represented: Christy Walton came in at No. 11 with $28.2 billion, Jim Walton is No. 14 with $26.7 billion, Alice Walton came in at No. 16 with $26.3 billion and S. Robsen Walton is No. 17 with $26.1 billion.
Amazon’s Jeff Bezos made it into the top 20 – coming in at No. 19 with $25.2 billion.
Newcomers on the list include Hermes’ Nicolas Puech (No. 704) worth $2.1 billion; retailer Bruce Nordstrom (No. 1,175), worth $1.2 billion; and fashion designer Tory Burch and ex-husband and former business partner Christopher Burch, tied at No. 1,342 with a net worth of $1 billion each.