Latest news with #Forbes2025
Forbes
3 days ago
- Business
- Forbes
Wealth Of Japan's 50 Richest On Forbes List Rises 14% To US$228Billion
Uniqlo founder Tadashi Yanai remains at No. 1 SINGAPORE (June 3, 2025) – The collective wealth of Japan's 50 Richest on the 2025 Forbes list rose 14% to US$228 billion, helped by a stronger yen. The complete list can be found at and as well as in the June issue of Forbes Asia. Bracing for the impact of tariffs from the U.S., its biggest export market, Japan cut its economic growth estimate for this year to 0.5% from 1.1%. The benchmark Nikkei 225 index was down nearly 2% since fortunes were last measured, but a stronger yen helped boost net worths of the country's 50 richest. Overall, 37 people on the list saw an increase in their wealth. The country's richest person, Tadashi Yanai, the retailing billionaire behind the Uniqlo clothing brand, added more than $10 billion and propelled his fortune to an all-time high of $48.2 billion. Shares of his Fast Retailing were up 20% as it reported double-digit growth in both revenue and net profit for the first six months ended February. Though the company gets only 8% of its revenue from the North American market, it has cut its growth forecast in light of the tariff threat. Masayoshi Son, founder of SoftBank Group, which reported its first annual net profit in four years for the fiscal year ended March, retained the No. 2 spot with $28.2 billion. Son is making multibillion dollar investments in AI, including in the $500 billion Stargate Project, a joint venture with OpenAI, Oracle and MGX to build AI data centers in the U.S. Taking the third spot on the list is Takemitsu Takizaki, founder of sensor manufacturer Keyence, who saw his net worth fall slightly to $20.7 billion. The wealth of Nobutada Saji (No. 4), of Suntory Holdings rose to $10.5 billion, up $1.2 billion from last year. Entering the top five ranks for the first time is Yasumitsu Shigeta (No. 5), chairman of Tokyo-listed mobile phone retailer Hikari Tsushin, which also supplies electricity and gas to small and midsized businesses. Shares of the company were up 62% in the past year on higher sales and profits, boosting Shigeta's net worth to $6.9 billion from $4.2 billion last year. The biggest gainer in percentage terms is video games billionaire Kagemasa Kozuki, whose fortune doubled to $3.5 billion, and he moved up nine places to No. 17. His Konami Group, which has racked up over 850 million downloads globally for its eFootball game with Lionel Messi as one of its brand ambassadors, scored another hit selling over two million copies of horror game 'Silent Hill 2,' which was released last October. Among the nine whose fortunes fell is the Sekiya family (No. 8), as shares of their chip-equipment maker Disco tumbled nearly 40%, pulling their net worth down by $2.4 billion – nearly a third – to $5 billion. The company was impacted by concerns over tariffs and the rising yen. The three returnees this year include Shintaro Tsuji (No. 32, $1.7 billion), founder of Sanrio, the company behind the iconic Hello Kitty brand, which has regained its sheen under Tsuji's 36-year-old grandson Tomokuni. The minimum net worth to qualify for the list rose to $1.2 billion from $980 million last year. The top 10 richest in Japan are: This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports and analysts. The ranking lists both individual and family fortunes, including those shared among relatives. Private companies were valued based on similar companies that are publicly traded. Net worths were based on stock prices and exchange rates as of the close of markets on May 9, 2025. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don't reside in the country but have significant business or other ties to the country. For more information, visit and About Forbes Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 42 licensed local editions in 68 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements. For media queries, please contact: Catherine Ong Associates Pte Ltd Catherine Ong, cell: +65 9697 0007, Email: cath@ Chenxi Wang, cell: +65 8187 3215, Email: chenxi@
Business Wire
20-05-2025
- Business
- Business Wire
JM Search Recognized as a Top Executive Search Firm in 2025 Rankings
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)-- JM Search, the leading retained executive search firm for private equity and other growth-oriented private and public organizations, has been recognized among the top executive recruiting firms in the Americas by Forbes and ranked in the top 100 Private Equity Recruiters list by Hunt Scanlon Media. For the ninth year, the Forbes 2025 America's Best Executive Recruiting Firms ranking surveyed more than 16,700 participants composed of industry professionals, including recruiters, hiring managers, and job candidates, and JM Search ranked in the top 40 of the 175 companies ranked. JM Search was also recently named to Hunt Scanlon's Private Equity Recruiting Power 100, a distinguished list recognizing the most influential executive search firms serving the private equity sector. 'This recognition is not just an achievement for JM Search; it's a reflection of the trust our clients place in us to deliver leaders who shape the future,' said John Marshall, CEO of JM Search. JM Search remains committed to helping clients succeed by deepening its expertise and expanding its team of specialized recruiters, ensuring top-tier talent solutions. The firm has built a highly experienced and deeply connected team dedicated to matching industry innovators and forward-thinking leaders with rapidly growing and transformative businesses across key sectors, including Consumer, Education & Social Impact, Financial Services, Healthcare & Life Sciences, Industrial, Legal, Media & Communications, Services, and Technology. JM Search has placed nearly 1,500 executives in the past 24 months in high-growth businesses. In 2025 thus far, the firm was named to the Financial Times list of The Americas' Fastest Growing Companies and has consistently been ranked in the Top 50 Recruiters list published by Hunt Scanlon Media. For more information on JM Search, please visit our website, About JM Search JM Search ( is the leading retained executive search firm for private equity, and other growth-oriented private and public organizations. With over 45 years of experience, our partners are immersed in your search every step of the way, supported by a passionate, cohesive team of recruiting experts. With deep sector and functional-specific expertise, we've built expansive professional networks from decades of firsthand experience to ensure the best possible outcomes for our clients and their businesses. One firm, focused on you.
Yahoo
20-05-2025
- Business
- Yahoo
JM Search Recognized as a Top Executive Search Firm in 2025 Rankings
Forbes & Hunt Scanlon Media honor JM Search for excellence in executive recruiting KING OF PRUSSIA, Pa., May 20, 2025--(BUSINESS WIRE)--JM Search, the leading retained executive search firm for private equity and other growth-oriented private and public organizations, has been recognized among the top executive recruiting firms in the Americas by Forbes and ranked in the top 100 Private Equity Recruiters list by Hunt Scanlon Media. For the ninth year, the Forbes 2025 America's Best Executive Recruiting Firms ranking surveyed more than 16,700 participants composed of industry professionals, including recruiters, hiring managers, and job candidates, and JM Search ranked in the top 40 of the 175 companies ranked. JM Search was also recently named to Hunt Scanlon's Private Equity Recruiting Power 100, a distinguished list recognizing the most influential executive search firms serving the private equity sector. "This recognition is not just an achievement for JM Search; it's a reflection of the trust our clients place in us to deliver leaders who shape the future," said John Marshall, CEO of JM Search. JM Search remains committed to helping clients succeed by deepening its expertise and expanding its team of specialized recruiters, ensuring top-tier talent solutions. The firm has built a highly experienced and deeply connected team dedicated to matching industry innovators and forward-thinking leaders with rapidly growing and transformative businesses across key sectors, including Consumer, Education & Social Impact, Financial Services, Healthcare & Life Sciences, Industrial, Legal, Media & Communications, Services, and Technology. JM Search has placed nearly 1,500 executives in the past 24 months in high-growth businesses. In 2025 thus far, the firm was named to the Financial Times list of The Americas' Fastest Growing Companies and has consistently been ranked in the Top 50 Recruiters list published by Hunt Scanlon Media. For more information on JM Search, please visit our website, About JM Search JM Search ( is the leading retained executive search firm for private equity, and other growth-oriented private and public organizations. With over 45 years of experience, our partners are immersed in your search every step of the way, supported by a passionate, cohesive team of recruiting experts. With deep sector and functional-specific expertise, we've built expansive professional networks from decades of firsthand experience to ensure the best possible outcomes for our clients and their businesses. One firm, focused on you. View source version on Contacts Jessica ReillyMarketing Manager610-964-0200 x243 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
12-05-2025
- Business
- Trade Arabia
Al Muhaidib Group tops Forbes Arab Family Businesses list
Saudi Arabia's Al Muhaidib Group, led by Group Chairman Sulaiman Al Muhaidib, takes the top spot in the Forbes Middle East Top 100 Arab Family Businesses 2025 list, rising rising from eighth place last year. Returning to second place is Abdul Latif Jameel, spearheaded by Chairman Mohammed Abdul Latif Jameel, while the Al-Futtaim, helmed by Vice Chairman and CEO Omar Al Futtaim, rounds out the top three. Forbes Middle East unveiled its annual ranking of the Top 100 Arab Family Businesses for 2025, spotlighting the region's most influential dynasties navigating transformation and innovation while preserving generational wealth. To compile this ranking, Forbes Middle East evaluated companies that are owned or managed by Arab families. The selection was based on several factors, including the size and value of their assets, business performance, recent activity, company age and legacy, and the breadth of their geographic and sector diversification. GCC-based families continue to dominate the Arab family business landscape. This year, Saudi Arabia leads with 33 entries, followed closely by the UAE with 32, and Qatar with eight. Collectively, these countries account for over 73% of the ranking. The Al Muhaidib Group made headlines in February 2025 when the Public Investment Fund acquired a 30% stake in its subsidiary, Masdar Building Materials. Others in the top 10 include Mansour Group, Damac Group, Olayan Financing Company, Majid Al Futtaim, Al Ghurair, Al Faisal Holding, and Power International Holding. Notably, Egypt's Mansour Group remains the only non-GCC-based conglomerate in the top 10. Two newcomers have entered the top 10 elite cohort this year: Power International Holding and Al Faisal Holding, both based in Qatar, reflecting the growing economic influence of Qatari family businesses. While many listees were founded before the 1950s — including some with 19th-century origins — others are newer entities born of strategic mergers or spin-offs. Morocco's O Capital Group and Saudi Arabia's Sultan Holding Company exemplify this trend, showcasing how legacy families continue to evolve and consolidate to meet modern demands.
Yahoo
11-05-2025
- Business
- Yahoo
Who's the richest person in New Jersey for 2025? Meet the math prodigy turned billionaire
New Jersey's richest person reclaims his spot for 2025 and it isn't Bruce Springsteen. According to Forbes' annual list for the Richest Person In Every State, the Garden State is one of five with a new billionaire at the top stop. The business magazine report found billionaires in all but three states and one new billionaire for the No. 1 spot. Essex county resident and hedge fund tycoon John Overdeck, of Milburn, is back on top as the wealthiest person from New Jersey. He bested cable TV mogul Rocco Commisso, who was the richest person for 2024. The 54 entrepreneurs, investors and heirs on the list are worth a record $2 trillion combined, up $400 billion since last year's list, according Here's what Forbes editors wrote about the John Overdeck: Overdeck ranks No. 1 in New Jersey and No. 443 in the world. John Overdeck is the richest resident in New Jersey with an estimated net worth of $7.4 billion. He is the cofounder of Two Sigma, a quantitative investing powerhouse with $60 billion in assets under management. In high school he was a math prodigy who won a silver medal at the International Mathematical Olympiad at age 16 and has given $380 million through his family's charitable foundation, which supports education. Overdeck also chairs Princeton's Institute for Advanced Study. This article originally appeared on Asbury Park Press: Forbes Richest Person in Every State 2025: New Jersey's John Overdeck Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
