Akio Nitori
$2.6B
Born
Mar 05, 1944
Age
81
Source of Wealth
Home furnishings
Residence
Hokkaido,
Citizenship
Japan
Marital Status
Married
Children
0
Education
- Akio Nitori founded discount home furnishings chain Nitori Holdings; its shares trade on the Tokyo Stock Exchange.
- The company has expanded in urban markets like Tokyo and has more than 1,000 stores mostly in Japan.
- Nitori, the firm's chairman, opened the first store in 1967. He stepped down as president in 2016.
- The chain has stores outside Japan in China, Taiwan, South Korea, India and several Southeast Asia countries.
- To earn money for college tuition and expenses, he worked collecting unpaid bar tabs and hustling pool, among other jobs.
- In 2020, the company acquired home-improvement chain Shimachu in a nearly $2 billion deal.
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