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    Japan'S New Richest Clothing Industry

    2009/2/25 0:00:00 29

    Ryui Masa, Japan's chief executive of UNIQLO, has jumped to become Japan's richest man this year.

    Japan's economic news reported that the president of a clothing sales company could become the richest person in Japan, which is probably the first time in history.

    Ryui Masa's total assets last year were US $6 billion 100 million, an increase of US $1 billion 400 million over the previous year.

    In the past, Asian tycoons were not financial companies tycoons or giants of pnational corporations, but in Japan, because of strong manufacturing and high-tech enterprises, the top of the list of the rich list were related people.

    Japan's economic news reported that the last time Japan's richest man was Nintendo's "godfather of games", which was worth 7 billion 800 million dollars.

    But because of the financial crisis, Nintendo's stock has depreciated by nearly half to 4 billion 500 million US dollars this year, ranking the first place to retire to third.

    According to "sports economy", Ryui Masa became the richest man in Japan, mainly because his UNIQLO company did not retreat in the face of the financial crisis, and its profits increased by about 20%.

    As the second largest economy in the world, Japan was hit hard by the financial crisis and consumers began to economize. So when buying clothes, they also tried to avoid senior department stores and so on. This resulted in a large number of cheap and inexpensive UNIQLO sales, making it one of the few retailers that prospered in business.

    In 2008, the price of UNIQLO, which ran more than 800 clothing chains, rose by 63% in the year 2008. It has become a unique market in Japan's bleak stock market, and the value of its 26.7% stake has risen naturally.

    In January, sales of UNIQLO continued to rise, an increase of 5.7% over the same period last year.

    This makes the company's three month consecutive sales increase and surpass that of the same period last year.

    "Daily News" analysis, due to the deterioration of the world economy, automobile, motor and other related export industry performance fell sharply, also dragged down the executives of these enterprises greatly reduced.

    The total assets of the top 40 billionaires in Forbes's richest list fell to 23% from $89 billion 900 million last year to $69 billion 500 million.

    Among them, only 4 people, including Liu Jing, are increasing their assets.

    Last year, the number of Japanese wealthy individuals with personal assets exceeding 1 billion US dollars was 29 last year, and this figure dropped to 20 this year.

    This year's second ranking is Shima Kunishio, the honorary chairman of the three companies, the personal assets of $5 billion 200 million.

    Editor in chief: Xu Qiyun

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