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Uniqlo chief regains spot as Japan's richest but wealth down sharply

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Kyodo News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Tadashi Yanai, founder and chief of Japanese clothing retail chain Uniqlo. Photograph by Berwin Coroza/File" src="https://sa.kapamilya.com/absnews/abscbnnews/media/ancx/style/2018/10/1uniqlo.jpg"/><figcaption>Tadashi Yanai, founder and chief of Japanese clothing retail chain Uniqlo. <em>Photograph by Berwin Coroza/File</em></figcaption></figure></div><p><br/>SINGAPORE - Tadashi Yanai, founder and chief of Japanese clothing retail chain Uniqlo, has regained his title as the richest person in Japan even as a global economic slowdown has eroded his wealth sharply, according to international business magazine Forbes Asia&#x27;s latest list of the 50 richest people in Japan.</p><p>The founder and president of Fast Retailing Co., the operator of the casual clothing chain, saw his wealth fall by 44 percent to $23.6 billion, hit by a slowdown in sales in the domestic market and China, Forbes said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/ancx/style/style-profile/10/07/18/uniqlos-tadashi-yanai-on-success">Uniqlo’s Tadashi Yanai on success, his aversion to ties, and a lady named Teresita</a></li></ul><p>The sharp drop in the value of his assets is part of a broader trend that has seen the combined wealth of Japan&#x27;s 50 richest shrink by nearly a third to $170 billion, as soaring energy and commodity prices and supply chain disruptions have taken a toll, it said.</p><p>Takemitsu Takizaki, the founder of precision device maker Keyence Corp., came in second, his highest position ever, at $21.6 billion, even as his wealth has dropped by $4.2 billion from a year ago.</p><p>SoftBank Group Corp. founder and CEO Masayoshi Son was unseated from his rank as Japan&#x27;s richest last year to third as his net worth has more than halved to $21.1 billion.</p><p>Son &quot;took the biggest hit in both dollar and percentage terms&quot; as his investment firm&#x27;s two Vision Funds reported a record $27 billion loss for the year ended March 2022, it said.</p><p>Six newcomers made their debut on Forbes&#x27; list, including the Sekiya family, whose company Disco Corp. makes semiconductor processing equipment and scientist-turned-entrepreneur Keiichi Shibahara, who founded Amvis Holdings Inc. to provide hospice care.</p><p>The complete list of Japan&#x27;s 50 richest on the 2022 list can also be found at www.forbes.com/japan.</p><div><strong>==Kyodo</strong></div><div><strong>FROM THE ARCHIVE</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/yFcQtDOAW5M?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Tadashi Yanai, founder and chief of Japanese clothing retail chain Uniqlo, has regained his title as the richest person in Japan.