Changing tastes whipsaw fashion fortunes

Billions come and go: Ortega, the Spanish founder of Zara-owner Inditex SA, has seen his wealth drop by more than 7 this year to US69.7bil but Arnault, chairman of Paris-based luxury goods-maker LVMH, is worth US79.3bil, after a 25 increase in 2018 — Bloomberg

New consumer behaviours also reordering the rankings for billionaires

LONDON: Bernard Arnault and Amancio Ortega are both major shareholders of multinational fashion businesses, and the only European citizens today with more than US$50bil to their names.