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JF Old Timer
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Posts: 111
Join Date: Sep 2006
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Japan's Richest People 2006 - Mori tops Son -
06-08-2007, 10:10 AM
Akira Mori, chief executive of real estate developer Mori Trust Co., overtook Softbank founder Masayoshi Son to become Japan's richest man, according to Forbes Asia's June 18 issue.
Mori, 69, benefited as Japan's average land prices rose for the first time in 16 years, pushing his net worth to $5.5 billion in 2006. Softbank's Son, 49, who topped last year's list, saw his net worth slip to $5.45 billion from $7 billion and his rank fall to second.
Hiroshi Yamauchi, former chairman of Nintendo was the biggest gainer on the 2006 Richest Japanese People list. The 79 year old rose 11 places to No. 3, with a net worth of $4.8 billion.
Source: Japan's Richest People 2006 List | Bloomberg
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