Asia Pacific, Global Investment, News, The Rich

Japan’s Richest Man Loses $1.4 Billion in One Day

Japan’s Richest Man Loses $1.4 Billion in One Day

Japan’s richest man, Takashi Yanai lost $1.4 billion in 1 day after his company Fast Retailing which owns Uniqlo saw its shares decline by 6.7%. The founder of the company incurred the largest wealth decline amongst the world’s richest 500 people according to Bloomberg Billionaires Index. His net worth currently stands at $17.7 billion. The losses have caused him to slip six places down the global rich list to 44th.

“Japan’s richest man, Takashi Yanai lost $1.4 billion in 1 day after his company Fast Retailing which owns Uniqlo saw its shares decline by 6.7%”

~Bloomberg

The first Uniqlo store was opened in Hiroshima in 1984 and its has now expanded to 1,400 stores in 16 markets worldwide.

Related Reports: The Independent, Bloomberg

 

About Fast Retailing

Fast Retailing owns UNIQLO, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand. After opening our first UNIQLO store, in Japan in 1984, we built a chain of suburban roadside stores. In 1998, we began opening stores in urban locations and ran a fleece campaign that ignited a UNIQLO boom across Japan. Subsequently, we opened stores within prominent shopping malls, and also global flagship and hotspot stores in Ginza, Shinjuku and Osaka.

Visit: Fast Retailing

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article