Source of Wealth:Real Estate
Full Name:Akira Mori
Occupation:President and CEO of Mori Trust Co., Ltd.
About Akira Mori
Akira Mori is president and chief executive officer of Mori Trust Co. Ltd. with an estimated net worth of $3.8 billion as of May 2015 according to Forbes. He is the 6th richest person on the list of the Top 50 Billionaires in Japan and is ranked 248th on the list of World Billionaires. Mori Trust Co., Ltd. is a property development company that owns and operates residential and office buildings across Japan. It is an offshoot of Mori Building, a company founded in 1959 by his father, Taikichiro Mori.
Akira and his late brother, Minoru, inherited his initial fortune after his father’s death. They went separate ways in 1999 and Akira focused on office buildings, apartment blocks and hotels in the high-rent areas of Tokyo. Today, the company already has $1 billion operating revenue with 67 rental buildings and 29 hotels mainly in central Tokyo and other high-rent districts in major Japanese cities. The company plans to acquire properties abroad, especially those in New York and London. He is considered as the most powerful tycoon in the real estate industry.
Mori is also expanding the business interests of Mori Trust by investing in China’s education services and the mass media industry through his newly created MA Platform Group. His most recent investment is in the closely held Tsingda eEdu Corp., which provides English lessons in China over the Internet.
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