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Hiroshi Yamauchi Now Richest Man in Japan

by Carmine Red - May 13, 2008, 7:34 am EDT
Total comments: 9 Source: Forbes

Nintendo’s ex-President is still a major stockholder and has a net worth of $7.8 billion.

Thanks to the rising fortunes of the company he led for more than 50 years, Hiroshi Yamauchi is now the richest man in Japan. According to a Forbes ranking of Japan’s Richest, Yamauchi is worth $7.8 billion, with $3 billion of that coming just in the last year thanks to soaring Nintendo stock values.

Yamauchi served as president of Nintendo for more than half a century. He ascended to the position in 1949 when Nintendo was in the Hanafuda card manufacturing business, and stepped down from presidency in 2002 after having transformed the company into a major player in the worldwide video game industry. He was succeeded by current Nintendo President and CEO Satoru Iwata, the first president of Nintendo not to come from the founding Yamauchi family. Yamauchi continued on as Chairman of Nintendo’s board of directors until finally relinquishing that role as well in 2005.

Other game industry tycoons also made it onto Forbes’ list: Kagemasa Kozuki, founder and CEO of Konami; Hajime Satomi, who runs Sega; Yasuhiro Fukushima, who founded RPG icon Enix (now Square Enix); and Keiko and Yoichi Erikawa, the couple who founded and run game maker Koei.

Talkback

KDR_11kMay 13, 2008

I guess it's been a while since the last "IT PRINTS MONEY" picture thread.

DAaaMan64May 13, 2008

In Game Over he sounds completely obsessed with Nintendo and they even let oyu know that is kind of ignoring his family through some of his Nintendo career.

I really wanted to include the "Rise to heaven or sink to hell" quote, but I'm having an excessively hard time finding a PRIMARY SOURCE for it. Everything is second-hand.

NinGurl69 *hugglesMay 13, 2008

Duh, the original statement was in JAPERNEZE

lolz

Can you link me to the actual Japanese? I keep seeing the English Translations that mention the sinking to hell, but it'd be great to actually get the source Japanese.

NinGurl69 *hugglesMay 13, 2008

Nikkei Shimbun is probably a print publication.  Good Ruck!

Luigi DudeMay 13, 2008

Quote from: KDR_11k

I guess it's been a while since the last "IT PRINTS MONEY" picture thread.

http://img.photobucket.com/albums/v287/luigidude/yamauchiwants.gif

Bill AurionMay 13, 2008

It still amazes me to this day how spot-on he was in making Iwata president...

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