According to Forbes magazine’s 2017 list of the wealthiest individuals in Japan, there were 34 Japanese-born billionaires in the world, not all of whom resided in Japan. The ten wealthiest Japanese residents had net worths ranging between $3.65 billion and $20.4 billion.
10. Masahiro Miki $3.65 Billion
Miki founded and owns the majority of discount shoe store chain ABC-Mart.
The chain has benefited from the influx of tourists into Japan, especially from China and Southeast Asia. ABC-Mart own U.S. shoe brand LaCrosse. A former amateur boxer, Miki founded ABC-Mart in the 1980s. He stepped down as chairman of the publicly-traded company in 2007.
9. Masatoshi Ito $3.7 Billion
Masatoshi Ito is honorary chairman of Japan’s biggest retail group, Seven & i Holdings. Seven & i Holdings has 60,000 stores in 17 countries and nearly $54 billion in annual revenues.
The company is best known for its thousands of 7-Eleven convenience stores in Japan, the U.S. and China. The company also controls the franchises for Denny’s restaurants in Japan and owns department stores, supermarkets, and financial services firms. Ito, Seven &i’s largest shareholder, owns about 11% of the company.