Forget Bill Gates, there is a new billionaire in the world, and Amancio Ortega is the man. The 79-year-old is now the talk of the world. According to Forbes, Amancio Ortega, a Spanish mogul, who has overtaken Microsoft founder Bill Gates for the first time, isn't as much of a household name as Gates.

At 40 years, Ortega then began the Zara business and to date, it is the fast growing fashion retailer in Europe. According to sources, the self-made billionaire avoids the press and is rarely photographed. From rags to riches and here he is. Congratulations Amancio Ortega! Sorry Kenyans, I don't see anyone being on the Forbes list anytime soon.