Hiroshi Mikitani Net Worth

net worth:	$9 billion
age:	61
Birth:	March 11, 1963
gender:	Male
Height:	unknown
country of origin:	Japan
Sources of funds:	Founder of Rakuten Inc.
Last Updated:	August 4, 2024

Introduction

Hiroshi Mikitani’s net worth is estimated at $9 billion.

Hiroshi Mikitani is the CEO and co-founder of Rakuten, a Japanese e-commerce company that has now expanded to several countries and achieved global success.

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Hiroshi’s net worth continues to grow every year, so there is a lot to learn from his background and his story of taking his local business to a global level.

early life

Hiroshi Mikitani was born in Kobe, Japan.

Talking about his family’s livelihood, his father Ryoichi was an economist and his mother Setsuko worked in a major trading company.

Hiroshi also has two siblings; a sister named Ikuko and a brother named Kenichi.

Not much information is available about Mikitani’s early life; except that he graduated from Hitotsubashi University in 1988, and studied at Harvard Business School in 1993 after moving to the United States.

This was at the time when he was working at the Industrial Bank of Japan.

Livelihood

Hiroshi Mikitani grew up in Kobe, Hyogo Prefecture, Japan. His father was the president of the Japan Society of Monetary Economics and a professor at Kobe University.

Growing up, Hiroshi entered Hitotsubashi University and graduated with a bachelor’s degree in commerce in 1988.

From 1988 to 1996, and from 1991 to 1993, taking a break to study at Harvard Business School, Hiroshi worked at the Industrial Bank of Japan.

In 1996 he left the bank and started his own consulting group, the Crimson Group, whose goal was to revive Japan’s economy after the Kobe earthquake.

Although he was not one of the richest people in the world at the time, he was quickly building a name and fortune for himself.

Rakuten Group

In February 1997, Hiroshi Mikitani founded the e-commerce company MDM, Inc. and launched the online marketplace Rakuten Ichiba in Japan.

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In 1999 the company was renamed Rakuten Inc. and in 2000 they took it public on the JASDAQ, where it did incredibly well.

His reason for founding the company was that he envisioned an online marketplace that focused on exchanges between buyers and sellers.

Although it started as a small online marketplace with 13 stores and 6 employees, it soon became an e-commerce giant.

Like Michael Hartono, Mikitani rose from being a relative unknown to one of Japan’s most important businessmen.

Expanding your company

In 2010, Mikitani began expanding his company outside Japan, acquiring e-commerce sites such as Buy.com in the United States and PriceMister in France.

Mikitani has also taken minority stakes in scrapbooking site Pinterest and ride-sharing app Lyft, of which he is a board member.

As of 2017, Rakuten had over 14,000 employees and over 42,000 shops across its multiple e-commerce sites, with sales of approximately $6 billion.

Now his company has become one of the most popular brands online, and Mikitani’s wealth and influence continue to grow.

Also in 2010, Rakuten began its “Englishization”, with Mikitani making English the primary language of the business.

Although Honda president Takanobu Ito described the decision as “stupid”, Mikitani considered it a major benefit to the company globally.

Kosmos Holding & Sports Ownership

Along with being the chairman of Rakuten, Hiroshi Mikitani founded Cosmos Holding in 2017 together with Gerard Piqué.

This holding company and investment group invests exclusively in companies in the sports, media, and entertainment industries.

In 2018, Cosmos acquired Davis Cup, a tennis property, and the Spanish football club FC Andorra.

Along with these modern acquisitions, Mikitani also acquired Vissel Kobe Football Club following the 1995 Kobe earthquake.

Mikitani was asked to take over ownership of the club as the city could no longer maintain it due to the damage caused by the earthquake.

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In 2004, the Japanese Pacific League removed two teams, and Mikitani was approached to start an expansion team in Sendai.

This resulted in the launch of the Tohuku Rakuten Eagles, who won the 2013 Japan Series, two years after the tsunami that devastated the region.

hiroshi mikitani net worth

Hiroshi Mikitani’s net worth is estimated at $9 billion.

3 Business Lessons from Hiroshi Mikitani

Hiroshi recently wrote a short article on LinkedIn in which he shared his suggestions for empowering the organization. Mikitani shared with us what he said in the article:

1. Emphasis on teamwork

We expect employees to work collaboratively to solve problems, and this helps create a culture of empowerment.

We tell each individual: You are not just responsible for yourself. You are also responsible for the success of the team. Collaboration encourages individuals to give more to their team and expect more in return.

2. Allow for failure

Trading is different from sports. In sports, you only get a certain number of chances to succeed. If time runs out or you take three strikes, that’s the end. In trading, you can swing as many times as you want.

But to keep workers on the job, leaders must constantly stress that we will accept a strike. Failure is inevitable. Accept this and workers will be empowered to keep trying.

3. Stop the chaos

Empowerment doesn’t mean giving everyone the freedom to do as they please. At Rakuten, one way to avoid chaos is the rigorous use of KPIs – key performance indicators. We measure everything.

We know how long it takes to complete projects. We know how many engineers are needed to make changes to a system.

We also know how long it takes an employee in the lobby to get to the company meeting room on the 12th floor. To keep this group of empowered employees on task, we set clear and specific goals.

Frequently Asked Questions

How much is Hiroshi Mikitani worth?

Hiroshi Mikitani’s net worth is estimated at $9 billion.

How old is Hiroshi Mikitani?

Hiroshi Mikitani was born on March 11, 1963 and is currently 61 years old.

How tall is Hiroshi Mikitani?

Hiroshi Mikitani’s height is unknown.

Summary

Hiroshi Mikitani is an incredibly successful entrepreneur, with a net worth of $9 billion!

What do you think about Hiroshi Mikitani’s net worth? Comment below.

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Category: Net worth