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|Birthday/Birthplace||(1949-02-07) 7 February 1949
Ube, Yamaguchi, Japan
|Lives Where||Shibuya, Tokyo, Japan|
|Net worth||US$15.1 billion (August 2017)|
Hisako Mori Yanai
Tadashi Yanai (柳 井 正, Yanai Tadashi ?, born February 7, 1949) is a Japanese businessman, the founder and president of Fast Retailing, of which Uniqlo (ユ ニク ロ, “unique clothes”) is a subsidiary. In January 2014 it was ranked number 35 of the richest people in the world by Bloomberg, becoming the richest man in Japan, with an estimated net value of 19,900,000,000 in 2009 US $ and 17.6 billion US $ in 2014.
Tadashi Yanai’s Biography
Yanai was born in Ube, Yamaguchi Prefecture, in February 1949. The names of his parents are Kanichi Yanai and Hisako Mori Yanai, who attended the Ube Institute and later the University of Waseda, where he graduated in 1971 with a degree in Economics and Political Science, his uncle was an activist for the elimination of discrimination against lower class people, called burakumin (minority group of Japanese society).
In 1971, Yanai started the business selling kitchen utensils and men’s clothes at a JUSCO supermarket. After a year in JUSCO, he resigned and joined his father’s tailor shop. Yanai opened the first Uniqlo store in Hiroshima in 1984, and changed the name of his father’s company Ogori Shoji to Fast Retailing in 1991.
In the 1990s, he moved his industry to China, to gain advantage over the production base of rival Japanese manufacturers, which was also increasing. Thus, important changes took place: on the one hand, in terms of production, it strengthened the degree of integration requirements and, on the other hand, forced all supplier partners that the choice of materials and process management were strictly in accordance with the specifications of UNIQLO. Yanai also actively took advantage of a portion of the raw materials, such as Mongolian wool grass purchased directly from shepherds and sheep dealers to take control of the quality of their clothing. Finally, it made its way through Hong Kong, Korea, and the European and American markets.
He has stated: “[…]can seem like a successful man, buthave made many mistakes, people take their failures too seriously, you have to be positive and believe that you will find success next time” . He is married and has two children, Kazumi and Koji, who live with their father in Tokyo.
Tadashi Yanai Net Worth – $17 Billion
More Facts about Tadashi Yanai
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