Yasumitsu Shigeta at a Glance
- Category:
- Richest Business › Richest Billionaires
- Net Worth:
- $1.7 Billion
What is Yasumitsu Shigeta's Net Worth?
Yasumitsu Shigeta is a Japanese businessman who has a net worth of $1.65 billion. The founder of mobile phone distributor Hikari Tsushin, the main source of his wealth, Yasumitsu Shigeta almost lost it all during dot-com crash. Luckily, he managed to save his company by turning into an office-equipment supplier, Internet services provider and call center operator.
It was in 1988 that Shigeta founded Hikari Tsushin and he made it to the billionaire ranks in 1999. After the dot-com crash almost wiped away his fortune, Mr. Shigeta saw an 88% increase in the company's stock price that resulted from last year's share buyback and Hikari Tsushin's strong performance.
