According to, shares of Ortega’s business Inditex, parent company to Zara, Massimo Dutti and Pull&Bear, ticked up 2.5% Wednesday, boosting Ortega’s personal fortune by $1.7 billion.

That lifted his net worth from $77.8 billion to $79.5 billion, which is higher that Gates’ $78.5 billion.

Ortega’s father was a railway worker from La Coruña, Spain.