Tadashi Yanai

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Tadashi Yanai
Born (1949-02-07) 7 February 1949 (age 67)
Ube, Yamaguchi Prefecture
Residence Shibuya, Tokyo, Japan
Nationality Japan
Ethnicity Japanese
Education Bachelor of arts/science in economics & politics
Alma mater Waseda University
Net worth US$19.3 billion (January 2016)[1]
Children Kazumi Yanai
Koji Yanai
Parent(s) Kanichi Yanai
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 clothing") is a subsidiary. He is routinely ranked as one of the richest men in Japan, and in January 2014 was ranked 35th richest in the world according to Bloomberg, making him the richest man in Japan with an estimated net worth of US$19.9 billion in 2009[2][3] and US$17.6 billion in 2014.[4]

Early life and education[edit]

Yanai was born in Ube, Yamaguchi in February 1949.[5] He attended Ube High School and later Waseda University, graduating in 1971 with a Bachelor's degree in Economics and Political Science.[6] His uncle was an activist for elimination of the settlement of discriminated lower class people, called Burakumin (minority group of Japanese society).[7]

Career[edit]

In 1971, Yanai started in business by selling kitchenware and men’s clothing at a JUSCO supermarket.[4] After a year at JUSCO, he quit and joined his father’s roadside tailor shop.[4] Yanai opened his first Uniqlo store in Hiroshima in 1984,[6] and changed the name of his father’s company Ogori Shoji to Fast Retailing in 1991.[4] He has stated: "I might look successful but I've made many mistakes. People take their failures too seriously. You have to be positive and believe you will find success next time."[8]

Published works[edit]

  • One Win, Nine Losses (1991)[9]
  • Throw Away Your Success in a Day (2009)

Awards and honours[edit]

  • Yanai won the International Retailer of Year award for 2010 from the National Retail Federation in the US. He was the fourth Japanese national to win it, and the first since 1998, when it was won by Masatoshi Ito, owner and honorary chairman of the Ito-Yokado retailing group. He was also chosen as best company president in a survey of Japanese corporate executives by Sanno Institute of Management in 2008 and 2009.[10]
  • In 2012 he was included in the 50 Most Influential list of Bloomberg Markets Magazine.

Philanthropy[edit]

In March 2011, Yanai donated 1 billion yen to victims of the 2011 Tōhoku earthquake and tsunami.[11]

Personal life[edit]

He is the son of Kanichi Yanai and Hisako Mori Yanai. Yanai is married and has two sons, Kazumi and Koji, and lives in Tokyo.[1]

See also[edit]

References[edit]

  1. ^ a b "Tadashi Yanai". Forbes. Retrieved 2 January 2016. 
  2. ^ Tabuchi, Hiroko (2009-10-01). "Chinese Economic Juggernaut Is Gaining on Japan". The New York Times. Retrieved 2009-10-04. 
  3. ^ "The World's Billionaires". Forbes. 2009-03-11. Retrieved 2009-10-04. 
  4. ^ a b c d "Uniqlo Billionaire’s Drive for Global Crown Fuels J.Crew Talks". Bloomberg. 2 March 2014. Retrieved 1 April 2014. 
  5. ^ 代表取締役会長兼社長 柳井 正 [Managing Director & President Tadashi Yanai]. Nippon Shacho (in Japanese). Japan: Ishin. 2003. Retrieved 25 March 2016. 
  6. ^ a b "Fast Retailing Lives Up to Name With Global Gains". Forbes. 2009-06-22. Retrieved 2009-10-04. 
  7. ^ 『週刊現代』2014年8月30日号、藤岡雅「ユニクロ・柳井が封印した『一族』の物語」
  8. ^ Monocle magazine, April 2009
  9. ^ Finnigan, Kate (2016-03-12). "The plain truth: Uniqlo boss Tadashi Yanai explains his plans for world domination". The Daily Telegraph. Retrieved 2016-03-14. 
  10. ^ Kensuke Kojima (2011). Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.
  11. ^ "Uniqlo operator to donate 1.4 billion yen to quake victims". Mainichi Shinbun. 2011-03-15. Retrieved 2011-03-16.