BillionaireNet
Miki
Masahiro Miki
Rank #1106
JAPANFashion & RetailShoes

Masahiro Miki

Net Worth
$3.654B
+0.55% (24h)
Masahiro Miki, a Japanese entrepreneur born in 1955, is the visionary founder and primary shareholder of ABC-Mart, a leading footwear retailer. His net worth is estimated at $3.7 billion, stemming from his success in the fashion-retail industry. Miki's career began in 1985 when he founded Kokusai Boeki Shoji, which was later rebranded as ABC-Mart. His strategic leadership propelled the company's growth, making it one of Japan's largest shoe retailers and expanding its operations internationally. Miki's achievements include building a retail empire and diversifying through strategic acquisitions, solidifying his legacy in the business world.

The Full Dossier

Early Life

Masahiro Miki was born on July 26, 1955, in Ise, Japan, to Korean parents. He attended Korean schools, including Yokkaichi Joseon Elementary and Intermediate School and Aichi Joseon Middle and High School. He later became a naturalized Japanese citizen in 1983. Miki's early life and background are not extensively documented, but his roots trace back to his Korean heritage.

Rise to Success

Miki's entrepreneurial journey began in 1985 when he established Kokusai Boeki Shoji, a company that would later become ABC-Mart. Initially focused on importing and selling shoes and apparel, Miki recognized the potential in the Japanese shoe market and shifted the company's focus to footwear. Under his leadership, the company expanded rapidly, opening numerous stores across Japan and expanding internationally, including South Korea, Taiwan, and Hong Kong. The company went public in 2002.

Key Business Strategies

Miki's business acumen is evident in ABC-Mart's strategic moves. He led the acquisition of the U.S. shoe brand Danner, diversifying the company's product portfolio and strengthening its market position. ABC-Mart also capitalized on the influx of Asian tourists, tailoring its marketing strategies and product offerings to cater to international visitors. Miki stepped down as chairman in 2007, but he remains actively involved in strategic decisions.

Philanthropy

Information about Masahiro Miki's specific philanthropic initiatives is not readily available in the search results.

Career Timeline

2012

Acquisition of LaCrosse Footwear

ABC-Mart acquired LaCrosse Footwear, which brought the Danner brand into its portfolio.

2004-2007

Chairman of ABC-Mart

Served as chairman of ABC-Mart.

2002

ABC-Mart went public

ABC-Mart was listed on the Tokyo Stock Exchange.

1990

ABC-Mart Established

Kokusai Boeki Shoji was renamed ABC-Mart.

1985

Founded Kokusai Boeki Shoji

Established the precursor to ABC-Mart, initially importing shoes and apparel.

Philanthropic Impact

Information not availableUndisclosed

Information not available

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Wealth Trajectory