Bloomberg Billionaires Index

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# 480 Masahiro Miki $4.32B

Random fact: Sold stake in Tokyo Broadcasting System following Rakuten bid.


Miki is the founder and largest shareholder of ABC-Mart, a Tokyo-based shoe retailer. The company has more than 1,000 stores across Japan, South Korea, Taiwan and the U.S. It sells business and athletic footwear, including the Hawkins and Vans brands, and had revenue of 266.7 billion yen ($2.4 billion) in the year to February 2019.

As of :
Last change +$26.2M ( +0.6%)
YTD change +$832M ( +23.9%)
Industry Retail
Biggest asset 2670 JP Equity
Citizenship Japan
Age 64
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Masahiro Miki's net worth of $4.32B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Miki's fortune is derived from a 62 percent stake in ABC-Mart, a publicly traded shoe store chain that has more than 1,000 shops. The company reported revenue of 266.7 billion yen ($2.4 billion) in the year to February 2019, according to its 2019 financial statement. He owns the stake directly, through his wife and closely held asset management company EM Planning, according to the company's 2019 May corporate governance report. He's credited with all shares held by EM Planning because he serves as representative director and it's referred to as his asset management company in the company's prospectus dated Jan. 17, 2013.

He's collected about 58 billion yen ($542 million) in dividends through June 2019, according to company filings and an analysis of Bloomberg data. The value of his cash investments is based on these proceeds, as well as taxes, market performance and charitable giving.

Jo Kojima, a spokesperson for ABC-Mart, declined to comment on the billionaire's net worth.


Birthdate: 7/26/1955
Family: Married, 1 child

Masahiro Miki was born in Japan's southeastern city of Ise in 1955, the oldest son in a Korean-Japanese family. He graduated from Toho Gakuen Junior College in 1976.

He founded Kokusai Boeki Shoji, or International Trading Corp, the predecessor of ABC-Mart, as a wholesaler of imported shoes and clothes in 1985. His company won exclusive distribution rights for the British boots brand Hawkins the following year, and the American sneaker brand Vans in 1991. These two brands have since become ABC-Mart's two main sources of revenue.

Miki entered the retail sector in 1990, when ABC-Mart opened its first four stores in Tokyo. Amid rising competition, he dropped his apparel business a few years later, and decided to focus on footwear, which he believed had greater potential. To keep prices low, ABC-Mart bought the trademarks to Hawkins and Vans, allowing it to manufacture its own private labels.

Miki was the second-largest shareholder of Tokyo Broadcasting System with almost a 10 percent stake in 2007. He sold off the stake after billionaire Hiroshi Mikitani quietly became the largest shareholder and attempted to buy the broadcaster in 2005. Miki eventually stepped down from daily operation and resigned as chairman in August 2007.

ABC-Mart went public and started to trade on the JASDAQ in 2000. The footwear chain now operates over 1,000 stores across Japan, South Korea, Taiwan and the U.S.

The billionaire resides in Tokyo with his family.

  • 1955 Born in Ise of Mie Prefecture in Japan.
  • 1976 Graduates from Toho Gakuen Junior College.
  • 1985 Establishes Kokusai Boeki Shoji, the predecessor of ABC-Mart.
  • 1990 ABC-Mart opens its first store in Tokyo.
  • 1991 Becomes exclusive retailer of Vans in Japan.
  • 2009 Opens the first ABC-Mart store in Taiwan.
  • 2009 Reveals 23 percent stake in fashion retailer United Arrows.
  • 2012 Completes acquisition of LaCrosse Footwear.