⬅ # 630 Tahir|# 632 Francesco Gaetano Caltagirone

# 631 Yasumitsu Shigeta 

$5.25B

Real Time Net Worth
as of 5/18/2024
-$22.6M (-0.43%)

# 631 Yasumitsu Shigeta 

$5.25B

Real Time Net Worth
as of 5/18/2024
-$22.6M (-0.43%)
OccupationFounder and Chair, Hikari Tsushin
Source of WealthMobile Phone Retailer
Age59
ResidenceTokyo, Japan
Marital StatusMarried
Children3
EducationDrop Out, Nihon University
Age-Adjusted Net Worth$5.62B
Yasumitsu Shigeta
Yasumitsu Shigeta
Japan
Net worth: $5.25B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Overview

Yasumitsu Shigeta is the billionaire founder and chairman of Hikari Tsushin, a Tokyo-based retailer renowned for its mobile phone sales and insurance services.
He established Hikari Tsushin in 1988 and has since steered its growth into a diverse conglomerate.
Despite experiencing a significant setback during the dotcom crash in 2001, Shigeta reclaimed his billionaire status by 2005 due to the resurgence of Hikari Tsushin.

Early Life and Education

Yasumitsu Shigeta's early life details are not widely available.
No specific information regarding his educational background is publicly disclosed.

Career and Entrepreneurship

Founded Hikari Tsushin in 1988, positioning the company as a key player in Japan's telecommunications and office automation industry.
Guided the expansion of Hikari Tsushin to include diverse offerings such as mobile phones, office equipment, and insurance plans, catering to small and medium-sized businesses.
Navigated the challenges of the dotcom crash in 2001, which initially impacted his fortune but later rebounded with the recovery of Hikari Tsushin's shares.

Business Ventures

Hikari Tsushin, under Shigeta's leadership, reported revenue of 644 billion yen ($4.8 billion) for the fiscal year ending March 31, 2023.
Operates as a holding company with segments including Corporate, Shop, and Insurance, providing a range of services from office automation to mobile phone sales and insurance agency.
The company's HIT Shop chain of stores serves as a prominent retail outlet for mobile phones and related accessories, contributing significantly to its revenue stream.

How long would it take you to become as rich as Yasumitsu Shigeta?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Yasumitsu Shigeta's net worth of $5.25B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Yasumitsu Shigeta is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Yasumitsu Shigeta, Mobile Phone Retailer is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey