Introducing: Japan's richest 2019
SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, on November 5, 2018. It was a mixed year for Japan’s superrich. Despite a 5% uptick in the Nikkei index, 31 of the 50 list members have smaller fortunes than a year ago. Altogether the country’s 50 wealthiest are worth $178 billion, down from $186 billion a year ago.
Son has made headlines for the big bets that his $100 billion SoftBank Vision Fund has been making. The Vision Fund has raised $45 billion from Saudi Arabia‘s Public Investment Fund, plus smaller amounts reportedly from Abu Dhabi’s Mubadala fund, Apple, Qualcomm and Oracle’s billionaire cofounder Larry Ellison, among others.
Nobutada Saji and family registered the biggest drop in net worth, falling $7.2 billion to an estimated $10.8 billion. Part of the decline resulted in new information clarifying that some of the Suntory stake previously attributed to the Saji family is owned by charitable entities and thus excluded from their net worth. The Saji fortune was further weighed down by weakness in global beer sales.
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