Source of Wealth:Motor
Full Name:Shigenobu Nagamori
Occupation:Chairman and Chief Executive Officer of Nidec
About Shigenobu Nagamori
Shigenobu Nagamori is the Chairman and Chief Executive Officer of Nidec and he has an estimated net worth of $3.5 billion as of May 2015 according to Forbes. He is the 23rd richest person in Japan’s 50 Richest list and is ranked 1107th in the list of World Billionaires.
Mr. Nagamori has earned his estimated net worth of $1.3 billion with Nidec, a Japanese manufacturer of micromotors used in DVDs, hard drives, robots and game consoles and the top maker of such products in the world. However, its share price is down by 25$ in the past year due to a weak outlook on PCs.
Shigenobu Nagamori is countering the decline with investments in industrial technology and motors such as car-steering system and wind power generators. It has also decided to relocate its factories in Thailand to Vietnam after the 2011 flooding. It has invested $100 million to expand its operations.