Rank #1936
Toshio Motoya
Net worth $2.1B
Hotels · Japan
- Born
- Jun 30, 1943
- Age
- 82
- Source
- Hotels
- Residence
- Tokyo
- Citizenship
- Japan
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Toshio Motoya founded hotel chain APA in 1980, targeting travelers on a budget; he is the owner of the group, which operates over 800 hotels in Japan and overseas.
- Motoya is APA Group chairman, his eldest son Isshi is group president and CEO, and his wife Fumiko is president of the chain.
- The company expanded into North America with the acquisition of Vancouver, Canada-based Coast Hotel chain in 2016 for a reported $210 million.
- After earnings plunged on pandemic restrictions in 2020 and 2021, revenue rebounded to nearly $1.5 billion and net profit jumped to over $375 million in the fiscal year through November 2024.
- He is a supporter of right-wing political causes in Japan and writes essays in his company magazine and books on history and culture.