Japanese Billionaire : Yusaku Maezawa
Yusaku Maezawa born 22 November 1975, is a Japanese entrepreneur and contemporary art collector. He started the Begin Today business in 1998 and on-line style retail internet site, Zozotown in 2004. As of May 2016 he is approximated by Forbes to have a total assets of $2.6 billion and is the 17th richest person in Japan.
Maezawa started participating in Waseda Jitsugyo Secondary school in 1991, where he started up a band with his schoolmates called BUTTON DESIGN. The band launched their first EP in 1993. After graduating from high school, he made a decision not to go to college; he moved to the United States with a girlfriend, where he started collecting CDs and also records of bands that he suched as. When he went back to Japan in 1995, his album collection became the basis for his initial firm, which sold imported albums and CDs with the mail.
In 1998, Maezawa utilized the basis of the mail-order cd organisation to release the business Begin Today. The very same year, authorized with the label BMG Japan. By 2000, Beginning Today had moved to an online , had actually begun marketing clothes, as well as had actually become a joint supply firm. In 2001, Maezawa proclaimed on his music job. Beginning Today opened up the retail garments internet site Zozotown in 2004, and six years later on, Beginning Today came to be an openly traded company, noted on the “Mommies” Index of the Tokyo Stock Exchange. By 2012, Beginning Today was listed in the First Section of the Tokyo Stock market.
Maezawa is the creator of the Tokyo-based Contemporary Art Foundation, which he started in 2012 with a goal of “supporting young artists as a column of the future generation of modern art.” The Contemporary Art Foundation currently holds collection shows two times a year. In May 2016 Maezawa drew in significant media attention with a document acquisition rate at public auction of $57.3 million for an untitled work by the artist, Jean-Michel Basquiat. At the same auction, Maezawa bought pieces by Bruce Nauman, Alexander Calder, Richard Prince, and Jeff Koons, investing a total acquisition of $98 million over two days. Maezawa plans to open up a contemporary art museum in Chiba, which will house his collection.
Yusaku Maezawa is the 42-year-old Japanese billionaire who has signed on to be the first commercial passenger on SpaceX’s Big Falcon Rocket in 2023. His name may be unfamiliar to those in the west, but this colorful billionaire makes headlines regularly in Japan. He is the CEO of Start Today Co., which he founded in 1998 as a CD sales business in his 20s. He pioneered e-commerce in Japan. These days, he runs Zozotown, a fashion mall that sells a variety of affordable clothing brands. Zozotown’s annual sales were $890 million for the latest fiscal year.
Yusaku is a character who makes headlines in Japan for his celebrity friends, his fleet of sports cars, and the way he travels in his private jet. He’s a flamboyant personality in a country where that type of exuberance is not common and wealthy men usually keep a pretty low profile.
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