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Japan’s state of emergency over the coronavirus that asked other Americans to stick the house on proved to be a blessing to the GMO Internet and made its founder, Masatoshi Kumagai, a billionaire.
Kumagai’s net charge reached $1 billion as the shares of its Tokyo-founded combined apple soared thanks to the increased use of the Internet in Japan. GMO Internet Materials Internet Infrastructure, such as Cloud Garage and Network Hosting; online ads and media; online banking and crypto-assets. Investors are positive about the long-term expansion of the Japanese Apple from the Internet, as other Americans directly entered the Internet’s emergency declaration.
“The new Internet-based business and lifestyle bureaucracy, such as telework, online medical exams, online courses, and online shopping, recently began to spread due to Covid-19, leading to increased demand for what we were given. do it for more than two and a half years, ” said Kumagai in an emailed statement.
Its stocks indexed in Tokyo have risen by about 5% this year, compared to Japan’s benchmark Nikkei 22five index, which has fallen by about 5% over the same period.
GMO Internet posted record net sales of 53.6 billion yen (about $490 million) during the first quarter of this year, an increase of 14.6% over the previous year. Apple Compabig attributed the design to the expansion of Apple Compabig’s Internet infrastructure as an “enhanced admission design due to house orders”, in addition to forex trading services.
Kumagai, who will turn 57 in July, founded the Predecessor internet GMO, a multimedia apple compabig, in 1991. Eight years later, the apple compabig was made public in Japan, which fits into the country’s first indexed Internet corporations.
Most of Kumagai’s wealth comes from its participation in the GMO Internet. According to the GMO Internet website, Kumagai discovered the Internet after reading about it in 1994. “As I read this article, I felt firmly that the Internet was going to move our lives and become a social infrastructure,” he writes. In 1995, the combined apple turned to Internet services.
Read more about Forbes: Japan’s 50 Richest Countries by 2020: Despite the pandemic, their overall wealth fell by only 5%
In addition to the GMO Internet, Kumagai can also be active outdoors. According to its non-public website, it has a license to fly helicopters and a PADI certification for diving. He loves wine and has invested in The Japanese wine importer Vin Passion, and collects the works of the British painter and sculptor Julian Opie.
Unlike the maxim of his fellow Japanese billionaires, Kumagai dropped out of h8 school. “I’m ashamed of myself, ” he said on his website. “I didn’t study at all because I was sure, for no wise reason, that I can also achieve everything.” Kumagai later stated that he had learned to seek to study at age 20 and continues to do so independently. Since then it has been that of several books.
– Assisted by James Simms.
I am an intern of writing paintings founded in Hong Kong for Forbes Asia. I recently graduated from the Faculty of Law of the University of the City of Hong Kong. Previously, I did an interview at the Hong
I am an intern of writing paintings founded in Hong Kong for Forbes Asia. I recently graduated from the Faculty of Law of the University of the City of Hong Kong. Previously, I did an inter-shipment in the Hong Kong offices of foreign law firms Mayer Brown and Charles Russell Speechlys. From 2010 to 2015, I wrote for Young Post, the mixed edition of the South China Morning Post, and was named Junior Journalist of the Year in 2013. You can email me at [email protected].