Japanese businessman Tadashi Yanai has an estimated net worth of $24 billion as of 2015, according to Forbes. This rose to an estimated $25.5 billion as of October 2018. The self-made billionaire is the founder and president of Japanese retail holding company Fast Retailing Co., Ltd. In addition to its primary subsidiary Uniqlo, the company owns many brands like J Brand and Theory.
Tadashi Yanai was born on 7 February 1949 in Tokyo, Japan. He studied at the Ube High School and later attended the Waseda University. He earned his bachelor’s degree in economics and politics in 1971 from the same university.
Yanai began his career by selling men’s clothing and kitchenware at a Jusco supermarket. Later he joined his father’s tailor shop. He opened his first Uniqlo store in Hiroshima in 1984. He changed the name of his father’s company Ogori Shoji to Fast Retailing.
He is running the company successfully. He keeps tight control of company culture, which includes three months of training for every new employee. He promotes women in the workplace, making it easier for them to work shortened hours.
Tadashi Yanai is married and has two sons. He donated 1 billion yen to the 2011 Sendai earthquake victims. Yanai once said, “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.”