- 14 Mar 2002
- Reaction score
Forbes has just released a list of Japan's 50 richest. They saw their collective net worth shrink by nearly a third to $170 billion.
Overall, the wealth of 38 members on the list dropped from a year ago, with just three eking out modest gains. Clothing retailer Tadashi Yanai, who was the second richest last year, reclaimed the title of the country's richest person though his fortune slid by 44% to $23.6 billion. A slowdown in sales in the domestic market, as well as in China, impacted shares of his Fast Retailing, the parent of the Uniqlo store chain. Takemitsu Takizaki, founder of sensor-maker Keyence climbed to No. 2 for the first time with $21.6 billion, although his wealth too declined by $4.2 billion from a year ago. Last year's high flier and former numero uno, SoftBank Group founder and CEO Masayoshi Son, took the biggest hit in both dollar and percentage terms. His net worth more than halved to $21.1 billion and he slipped to the third position. Amid a global tech rout, SoftBank's two Vision Funds reported a record $27 billion net loss for the year ended March 2022. Apart from Son, a dozen others saw their fortunes fall by more than $1 billion.
Japan’s 50 Richest 2022: Global Headwinds Knock Down Collective Wealth By A Third
The total wealth of Japan’s 50 Richest plunges to $170 billion from $249 billion last year.
|1.||Tadashi Yanai & family||$23.6 B||Fashion & Retail|
|2.||Takemitsu Takizaki||$21.6 B||Manufacturing|
|3.||Masayoshi Son||$21.1 B||Telecom|
|4.||Nobutada Saji & family||$9.3 B||Food & Beverage|
|5.||Takahisa Takahara||$6.4 B||Fashion & Retail|
|6.||Shigenobu Nagamori||$4.6 B||Manufacturing|
|7.||Hiroshi Mikitani||$4.4 B||Fashion & Retail|
|8.||Masatoshi Ito||$4.35 B||Fashion & Retail|
|9.||Hideyuki Busujima & family||$4.2 B||Gambling & Casinos|
|10.||Masahiro Noda||$3.5 B||Technology|
Japan's 50 Richest 2022
Soaring energy and commodity prices, exacerbated by the war in Ukraine, dashed Japan’s hopes of an economic rebound. The yen cratered, falling 17% against the dollar, since we last measured fortunes in April 2021. The meltdown extended to the stock market, with the benchmark Nikkei 225 stock...