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| Amancio Ortega |
Nigeria’s 36 states have estimated their total indebtedness,
including salaries owed workers at N658 billion, about $3.3 billion.
The
money appears a big deal to the cash strapped governors who have
constantly lamented the drop in oil prices but not to Amancio Ortega,
the Spanish billionaire, Europe’s richest man and second
richest man in
the world.
Just on Monday, he added $2.3 billion to his fortune,
as shares in Inditex, the Zara owner and world’s largest clothing
retailer, rose 3.9 per cent.
The Spanish billionaire’s gain was
$500 million more than the combined increase recorded by everyone else
among the world’s 10 richest people tracked by the Bloomberg
Billionaires Index.
The rise caps a surging performance for Ortega
in the first half of this year. His fortune has risen $11 billion, to
$72 billion, an 18 per cent rise, compared to the slight decline in the
fortunes of Bill Gates, the world’s richest man, and Warren Buffett, the
third-wealthiest person on earth.
While Ortega still trails
Gates’s $86 billion net worth, Ortega’s fortune has increased 80 per
cent in the past three years—double the growth rate of the Microsoft
co-founder.
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