Jeff Bezos at the premiere of “The Post” held on December 14, 2017 in Washington, D.C. zz/Dennis Van Tine/STAR MAX/IPx Amazo AMZN n founder Jeff Bezos sold another batch of Amazon stock on Friday and Monday, the third time in a week the outgoing executive has cashed out some of his Amazon shares in a… More
Chairul Tanjung speaks during the Belt and Road Summit in Hong Kong, China, on September 11, 2017. Vivek Prakash/Bloomberg CT Corp., the Indonesian conglomerate founded by tycoon Chairul Tanjung, has secured a 100 billion yen ($916 million) investment commitment from Japanese trading house Mitsui & Co. Mitsui & Co said its investment will be made… More
This story is part of Forbes’ coverage of Japan’s Richest 2021. See the full list here. Koei Tecmo Holdings isn’t just big in videogames, but also asset management: the company holds roughly $1.1 billion in assets across Hong Kong, Japan and the U.S. In a recent Nikkei interview, the firm’s cofounder and chair, Keiko Erikawa, revealed… More
Nitori Holdings Chairman Akio Nitori. Rodrigo Reyes Marin/AFLO/Newscom This story is part of Forbes’ coverage of Japan’s Richest 2021. See the full list here. Lockdowns across Japan since last spring led to a surge in sales at furniture and home decor retailer Nitori Holdings as homebound consumers snatched up items to spruce up their digs and… More
Shigenobu Nagamori, founder and CEO of Nidec, saw his wealth jump by $5.3 billion to $9 billion. Akio Kon/Bloomberg This story is part of Forbes’ coverage of Japan’s Richest 2021. See the full list here. As more people worked from home during the pandemic, manufacturer Nidec’s sales of motors for computers, hard disk drives and home… More
Taichiro Motoe Courtesy of Bengo4.com This story is part of Forbes’ coverage of Japan’s Richest 2021. See the full list here. In a pandemic year, Japan has minted billionaires at an unprecedented pace. The five new faces who feature among Japan’s 50 richest this year all own businesses that successfully addressed the needs of a world… More
Robert Smith, June 2020. The Washington Post via Getty Images It’s a new legal development for private equity billionaire Robert F. Smith and his onetime mentor Bob Brockman, already accused of the biggest tax evasion in U.S. history. Yesterday, the U.S. Department of Justice announced the indictment of Carlos E. Kepke, a Houston tax attorney who… More
SoftBank Group founder and CEO Masayoshi Son looks at the company’s robot “Pepper” during a press … [+] conference announcing the company’s financial results in Tokyo on August 6, 2015. TOSHIFUMI KITAMURA/AFP via Getty Images Japanese telecom and investment giant SoftBank is upping its bet on e-commerce and robotics with another big investment. The Tokyo-based… More
Jack Ma, former chairman of Alibaba Group, appears at a forum in Tokyo, Japan, on December 6, 2019. Kiyoshi Ota/Bloomberg Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a fine of 18.2 billion yuan ($2.8 billion) on the Hangzhou-based tech… More
Topline Just three months after joining GameStop’s board, Ryan Cohen, the billionaire investor mounting an effort to turnaround and restructure the ailing brick-and-mortar business, has been tapped to head up the company board, once again fueling bullishness among investors who’ve plowed into the stock at unprecedented levels. Pet supplies entrepreneur Ryan Cohen has been buying… More
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