“Taizo Son, the youngest brother of SoftBank Corp. magnate Masayoshi Son, has become a billionaire after shares of his company GungHo Online Entertainment Inc. soared more than 10-fold this year,” Naoko Fujimura reports for Bloomberg.
“The GungHo chairman holds a 27.8 percent stake in the Tokyo-based company. The shares account for almost all of his $3.3 billion fortune, according to the Bloomberg Billionaires Index,” Fujimura reports. “Taizo Son has never appeared on an international wealth ranking. His older brother’s SoftBank holds a 40 percent stake and was an early GungHo investor in 2002.”
“GungHo’s flagship app, ‘Puzzle & Dragons,’ is the world’s best-selling game for Apple Inc.’s iPhones,” Fujimura reports. ” It generates about $3 million a day in revenue, according to Macquarie Group Ltd. analyst David Gibson… GungHo’s market value of $10.4 billion exceeds that of Mazda Motor Corp. or Japan Airlines Co. Ltd., according to data compiled by Bloomberg.”
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