Perhaps during the pandemic year, Japan’s wealthiest people saw a 48 percent increase in their combined net worth to US$249 billion, up from $168 billion the previous year. All of Japan’s eight richest people have incomes exceeding $1 billion for the very first moment. Japan’s financial system was on track for a significant comeback after dropping about 5% in 2020, mainly to a rise in exporters and excitement of the summer Olympic Games in Tokyo. Despite the uncertainties created by government-imposed restrictions in April, the Nikkei 225 market index rose 54 percent year over year to combat increasing Covid-19 outbreaks.
Now let us tell you about the 8 Richest Businessmen of Japan and Their Business line.
Net worth: $44.4 B
Business line: Mobile communication and investing conglomerate
Masayoshi Son is the founder and CEO of SoftBank Group, a mobile communication and investing conglomerate. Apple, Qualcomm, Foxconn, Larry Ellison’s family business, and Saudi Arabia’s sovereign fund are the partners in Son’s Vision Fund.
Net worth: $42 B
Business line: Retail clothing empire
Tadashi Yanai founded and controlled Fast Retailing, the parent company of the Uniqlo apparel chain, which is registered on the Tokyo Stock Exchange. Theory, Helmut Lang, J Brand, and GU are among Fast Retailing’s various brands. On the turnover of $19 billion, the corporation declared a total profit of $853 million for the fiscal year ending August 2020.
Net worth: $25.8 B
Business line: Producer of sensors and electronic equipment for factory automated systems
Keyence, a producer of sensors and electronic equipment for factory automated systems, was founded by Takemitsu Takizaki. In March 2015, he moved up as chairperson. However, he continues on the management board and serves as honored chairman. Even outside Japan, sales have continuously increased and now accounted for more than half of total revenue.
Net worth: $ 9.7 B
Business line: Beverage company ‘Suntory Holdings’
Suntory Holdings’ chairman, Nobutada Saji, is indeed a beverage giant. In 2014, Suntory paid $16 billion for U.S. Beam, the maker of Jim Beam and Maker’s Mark bourbon. In 2016, Nobuhiro Torii, the great-grandson of Suntory’s founding father, was appointed as Suntory Holdings’ chief operating officer and executive vice president.
Net worth: $ 9 B
Business line: Japanese automaker
Shigenobu Nagamori is the founder, chairman, and CEO of Nidec, a Japanese automaker. Nidec claims to be the world’s leading developer of hard-disk and optical drive motors. Nagamori has stated publicly stated his objective is to reach a revenue of ten trillion yen ($91 billion) by 2030, in part by concentrating on electric car motors.
Net worth: $8B
Business line: Tokyo-listed diaper company ‘Unicharm.’
Takahisa Takahara is the CEO of Unicharm, a Tokyo-listed diaper company started by his late father Keiichiro Takahara in 1961. Unicharm manufactures Moony and MamyPoko diapers, sanitary napkins, face masks, alcohol-based wipes, and various personal care products under the Moony and MamyPoko brands. Even outside Japan, Unicharm earns over two-thirds of its $6.6 billion yearly revenue, primarily from other Asian countries.
Net worth: $7.5 B
Business line: E-commerce company ‘Rakuten.’
Rakuten, Japan’s largest e-commerce company, is led by Hiroshi Mikitani, its founder and CEO. Rakuten reported a $932 million loss on $13.2 billion in revenue in 2020. In April 2020, the company announced its new $5.5 billion mobile phone service, which has been supposed to begin in October 2019. Mikitani stepped away from Lyft’s board of directors in 2020 after Rakuten’s $300 million investment in the ride-sharing company Lyft resulted in losses.
Net worth: $5.2 B
Business line: Home goods retailer
Nitori Holdings, founded by Akio Nitori, is a budget home goods retailer traded on the Tokyo Stock Exchange. The brand has expanded into metropolitan markets such as Tokyo and now has over 600 outlets, most of which are in Japan. The first store was opened in 1967 by Nitori, the company’s chairman. In 2016, he resigned as president. Outside of Japan, the chain has locations in China, Taiwan, and the United States.
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