Who Was the World's Richest Man Before Bill Gates?
Before Bill Gates became the world's richest man in 1995 with a net worth of $12.9 billion, the title belonged to a Japanese businessman named Jiro Saito.
Jiro Saito was the founder and former chairman of the Daiei supermarket chain in Japan. In 1990, he had a net worth of $15 billion, making him the wealthiest man in the world. However, the Japanese asset price bubble burst in the early 1990s, resulting in a significant decline in his fortune. By the mid-1990s, Saito had lost most of his wealth and was forced to resign as chairman of Daiei.
Gates's rise to the top of the wealth rankings coincided with the rapid growth of the internet and the popularity of Microsoft's software products. He held the title of the world's richest man for several years, until he was replaced by Jeff Bezos in 2017.
Related Questions and Answers
- Who is the current richest man in the world? Jeff Bezos
- What was Jiro Saito's net worth at his peak? $15 billion
- What caused Jiro Saito's loss of wealth? Japanese asset price bubble burst
- When did Bill Gates become the world's richest man? 1995
- What company did Jiro Saito found? Daiei supermarket chain
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