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Business Total Wealth of the 50 Richest Is Down Only 5%
SoftBank founder Masayoshi Son took the biggest hit in dollar terms. His net worth fell by $3.5 billion to $20.5 billion after setbacks such as the shelved IPO of office-sharing firm WeWork, in which SoftBank is the largest shareholder. Son remains at No. 2 on the list and is also featured on the cover of the May/June issue of Forbes Asia.Seventeen listees saw their wealth rise, led by Takemitsu Takizaki (No. 3). The founder of Keyence, a maker of sensors, added $1.2 billion to his fortune for a total of $19.8 billion. Keyence enjoys high margins for its factory automation products and being cash-rich is well-placed to withstand any sales decline. Nobutada Saji of Suntory Holdings retains the No. 4 spot with a net worth of $9.4 billion, even as his fortune, which he shares with family, fell by $1.4 billion compared to a year ago.Rounding out the top 5 is Takahisa Takahara, president and CEO of Tokyo-based Unicharm. Surging demand for the company¡¯s face masks and disinfectant wipes has boosted its shares by more than 11% since last year, lifting the net worth of Takahara by 13% to $5.9 billion.Another notable gainer is Masahiro Noda (No. 16), founder of IT systems integrator Obic. Noda¡¯s fortune rose by a third to $3.14 billion, tracking a 32% gain in the company¡¯s shares.Pachinko mogul Kazuo Okada (No. 34), founder of Universal Entertainment, on the other hand, saw the biggest drop in percentage terms. His net worth declined 42% to $1.19 billion. Okada¡¯s wealth is one of 38 fortunes worth $1 billion or more on the list, seven fewer than a year ago.There are three new entrants, including Yoshio Tsuchiya (No. 12), the richest newcomer with a net worth of $3.3 billion. His listed apparel retailer Workman makes and sells clothes and other gear for factory and construction workers. Shigefumi Wada (No. 31, $1.25 billion) is cofounder of listed business solutions software provider Obic Business Consultants, in which Masahiro Noda¡¯s firm is an investor. Masaru Wasami (No. 43), founder of logistics outfit Maruwa Unyu Kikan, also joins the list with $940 million. His company counts Amazon as one of its customers.Two tycoons returned to this year¡¯s list: Hirokazu Sugiura (No. 45), founder of drugstore chain Sugi Holdings, with a net worth of $910 million, and Yoji Sato (No. 50), who just made the cut with a fortune of $810 million. Sato¡¯s Dynam Japan Holdings is one of the country¡¯s biggest pachinko operators. A tech fortune previously listed under Minoru and Yuji Otsuka (No. 17, $3.13 billion) is now listed under son Yuji, after his father Minoru¡¯s death last September.Five dropped from the ranks, including discount clothing retailer Nobutoshi Shimamura. The minimum to make the list was $810 million, down from $900 million last year.The top 10 richest in Japan are: 1) Tadashi Yanai; US$22.3 billion 2) Masayoshi Son; $20.5 billion 3) Takemitsu Takizaki; $19.8 billion 4) Nobutada Saji; $9.4 billion 5) Takahisa Takahara; $5.9 billion 6) Hiroshi Mikitani; $5.4 billion 7) Yasumitsu Shigeta; $4.7 billion 8) Hideyuki Busujima; $4.1 billion 9) Akio Nitori; $4 billion 10) Akira Mori; $3.9 billionThe list was compiled using information from the individuals, stock exchanges, analysts, company filings and other sources. Private companies were valued by using financial ratios and other comparisons with similar, publicly traded companies. Fortunes often include assets owned by other family members. Net worths were based on stock prices and exchange rates as of the close of markets on April 10, 2020 and hence in some cases differ from the net worths that appear on the World¡¯s Billionaires list, which used stock prices from March 18, 2020.For more information, visit www.forbes.com/japan and www.forbesjapan.com/feat/japanrichAbout ForbesThe defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 120 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media¡¯s brand extensions include real estate, education and financial services license agreements.For media queries, please contact: Catherine Ong Associates Pte Ltd Catherine Ong Ashley Silitonga cell: +65 9697 0007 cell: +65 9025 3532 cath@catherineong.com ashley@catherineong.com ![]() Malaysia's 50 Richest on Forbes List See ... Listof Taiwan's 50 Richest See Mixed Fortunes Fobes Asia Recognizes Leading Altruists in ... Forbes Reveals Asia's Top 20 Businesswomen Wealth of Philippines' 50 Richest on Forbes ... Forbes Asia Announces Asia's 2021 Best Under A ... Singapore's 50 Richest on Forbes List See ... Forbes Asia Releases "Inaugural 100 to Watch" Wealth of Thailand's 50 Richest Rises More ... Seo Jung-Jin of Celltrion Tops List for 1st ... Industrial Bank of China Maintains Top Spot on ... Wealth of Taiwan's 50 Richest on Forbes List ... 2,755 Billionaires Announced in Forbes 35th ... Li Ka-Shing Regains Top Spot on 2021 Forbes ... 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