Yes very far behind its 1.2billion of Chinese speaking persons.
But slightly above the English speaking population, say 328 millions of persons.
That is Spanish, a language spoken by, about 329 million, becoming the language spoken by 1/3 of the world population. The importance of Spanish as language lies on its geographical distribution as 44 countries speak Spanish as the official language.
Let´s leave aside stiff (factual however) statistics to focus on the necessity of managing Spanish as a second language for cultural, fun or more practical reasons: Spanish broadly spoken worldwide and its relevance is growing. So, why not getting ready for the challenge?