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 .
*Reported by Bloomberg
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