How rich is Hiroshi Yamauchi?
Hiroshi Yamauchi Net Worth:
|Birth date:||November 7, 1927, Kyoto, Kyoto Prefecture, Japan|
|Death date:||September 19, 2013, Kyoto, Kyoto Prefecture, Japan|
|Spouse:||Michiko Inaba (m. ?–2012)|
Hiroshi Yamauchi wiki & biography:
Hiroshi Yamauchi – Is it a Scam?
Greatest associated with Nintendo, Hiroshi Yamauchi is a Japanese businessman having an estimated net worth of $2.1 billion as of March 2013 according to Forbes. In 2012, his net worth is estimated to be around $2.5 billion which made him Japan’s 12th richest individual and 491st wealthiest person on earth.
After joining Nintendo in 1949, Hiroshi Yamauchi became the company’s third president. Today, the team is owned byHoward Lincoln, Nintendo of America’s former Chairman.
He is now married toMichiko Inaba with whom he’s three children named Yoko, Fujiko andKatsuhito.
In 1949, he needed to leave Waseda University to begin working for Nintendo after his grandfather, who served as the company’s president that time, suffered from a stroke. World War II immediately assumed the position which his grandfather left. Due to his inadequate direction expertise plus his young age, he just earned resentment and disrespect from his workers. To work out the specific situation, he fired everyone who challenged his ability, even the longtime workers. Then he changed the name of the company toNintendo Karuta and through the years, the organization has substantially succeed.
He was the third president of Nintendo, joining the organization in 1949 until stepping down on May 31, 2002, to be succeeded by Satoru Iwata. Yamauchi is credited with transforming Nintendo from a small-scale hanafuda card-making company in Japan to a multi-billion dollar video game company.
In 2008, Yamauchi was Japan’s wealthiest individual with a fortune at that time estimated at $7.8 billion. At the time of his departure, Yamauchi was the largest shareholder at Nintendo.
He was the first to introduce the plastic Western playing card to the Japanese market. Western playing cards were still a novelty in Japan along with the public associated them with Western-styled gambling games such as poker and bridge. Most gaming activities were technically illegal by default with only a few lawfully sanctioned exceptions (horse racing, pachinko and lottery). Thus, the marketplace for anything which was linked with betting, including Hanafuda, was limited. Yamauchi’s first “hit” arrived when he made a licensing agreement with Walt Disney in 1959 for his plastic playing cards. Nintendo targeted its playing cards as a tool for party games that the whole family could enjoy, a foreshadowing of the business ‘s approach going into the 21st century. Disney’s tie in was made towards that end. Nintendo’s Disney playing card was likewise accompanied by a small, thin booklet with many tutorials for different card games. The strategy succeeded and the merchandise sold 600,000 units in one year, shortly gracing Nintendo with the mastery of Japanese playing card marketplace. With this specific success, Yamauchi once again altered the company name to Nintendo Company Limited and took the company public (recorded on stock market) and became the chairman. Then he decided to travel to the U.S. to visit the United States Playing Card Company, the world’s biggest manufacturer of playing cards. Upon arriving in Cincinnati, Yamauchi was disappointed to see a small scale office and factory. This led to the realisation that card fabricating was an extremely small enterprise.