Japan's two richest people epitomize the two paths to ultra wealth: Take big, bold risks in new industries (disruption) Work dutifully day-in and day-out to innovate and outwork competitors in existing businesses (process innovation) The first of which is best represented by Softbank's Masayoshi Son. The second is best encapsulated by Fast Retailing's Tadashi Yanai, who built a multi-billion-dollar fashion business in a sector where bankruptcies are more common than lasting success. His company, driven in large part by UNIQLO, has pinned him a $20B+ net worth (as of YE 2021).
Fast Retailing (UNIQLO) Deep Dive
Fast Retailing (UNIQLO) Deep Dive
Fast Retailing (UNIQLO) Deep Dive
Japan's two richest people epitomize the two paths to ultra wealth: Take big, bold risks in new industries (disruption) Work dutifully day-in and day-out to innovate and outwork competitors in existing businesses (process innovation) The first of which is best represented by Softbank's Masayoshi Son. The second is best encapsulated by Fast Retailing's Tadashi Yanai, who built a multi-billion-dollar fashion business in a sector where bankruptcies are more common than lasting success. His company, driven in large part by UNIQLO, has pinned him a $20B+ net worth (as of YE 2021).