Tadashi Yanai Regains No. 1 Spot On 2019 Forbes Japan Rich List

SINGAPORE (April 11, 2019) – Tadashi Yanai, founder of Fast Retailing, parent of clothing chain Uniqlo, takes the top spot on Forbes Japan Rich List in 2019, regaining the rank he last held in 2016. The complete list can be found at www.forbes.com/japan and www.forbesjapan.com/feat/japanrich, as well as in the April issue of Forbes Asia and the July issue of Forbes Japan.
Despite a 5% uptick in the Nikkei index, 31 of the 50 listees saw their net worth decline from a year ago. Altogether, the country’s 50 wealthiest are worth US$178 billion, as of March 22, down from $186 billion the year before.
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FORBES ASIA
Tadashi Yanai and his family own a 44% stake in global apparel giant Fast Retailing, giving them a net worth of $24.9 billion. Yanai is also the biggest gainer in dollar terms, adding $5.6 billion, or 29%, to his wealth from $19.3 billion last year. Yanai’s aggressive expansion has enabled Fast Retailing to become the world’s third-largest clothing retailer.
SoftBank’s Masayoshi Son drops to second place despite gains in SoftBank’s stock which lifted his wealth by $2.1 billion to $24 billion. Son has made headlines for big bets by his $100 billion SoftBank Vision Fund. The Vision Fund has raised $45 billion from Saudi Arabia’s Public Investment Fund, plus smaller amounts from Abu Dhabi’s Mubadala fund, Apple, Qualcomm and Oracle’s billionaire cofounder Larry Ellison, among others.

Another gainer this year is Takemitsu Takizaki. His wealth rose $1 billion to $18.6 billion, making him the third-richest on the list, up from No. 4 last year. His Tokyo-listed sensors firm Keyence has enjoyed steady growth in China, where its sensors are used to monitor the performance of machines and robots in factories.
Taking the fourth spot on the list is Nobutada Saji and family, whose combined net worth is an estimated $10.8 billion, down from $18 billion. This lower estimate was partly due to new information which reclassified to charitable entities some of the Suntory stake that was previously attributed to the Saji family. Weakness in global beer sales further weighed down Saji’s wealth.

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