• On mySimon: The North Face Mountain Sneakers for Men
May 8, 2008 10:53 AM PDT

Wii's success fills coffers of Japan's richest man

by Daniel Terdiman
  • Font size
  • Print
  • Post a comment

A report out from Forbes magazine indicates that the tremendous popularity of Nintendo's Wii video game console has filled the coffers of the company's former chairman, Hiroshi Yamauchi and made him Japan's richest man.

On Thursday, Reuters cited the Forbes study, and said that Yamauchi's wealth had increased $3 billion in the last year, making his current net worth $7.8 billion. That meant he had passed real estate baron Akira Mori for the country's top wealth slot.

According to Reuters, Yamauchi owns 10 percent of Nintendo, which has seen its market capitalization rise to about $79 billion on the strength of the Wii's performance.

That market cap seems likely to grow even more in the coming year as Nintendo will soon be releasing Wii Fit, an exercise game that is expected to become one of the best-selling games of all-time, according to video game analysts.

On June 10, Geek Gestalt hits the highways for Road Trip 2008. I'll start in Orlando and visit many of the South's most interesting destinations. Stay tuned, and be sure to keep up with what I'm doing on Twitter.

Originally posted at Gaming and Culture
Daniel Terdiman is a staff writer at CNET News covering games, Net culture, and everything in between. E-mail Daniel.
Recent posts from Crave
Killer deals on BlackBerry, Droid, and Palm Pixi
This week in Crave: The boxed-in edition
Ricky Gervais helps reveal pain of cell phone salesmen
Indecent Exposure 68: Inky extents
Apple fixes AirPort problems marring video playback on 27-inch iMacs
iPhone: The board gamer's paradise
Can erasing your iPhone's memory improve performance?
Top 5 best products of the fall

About Crave

The name says it all. Crave is our blog about gorgeous gadgets and other crushworthy stuff. If you would like to contact Crave with a tip or comment, please write to: crave@cnet.com

Add this feed to your online news reader

Crave topics

A CNET Conversation with Eric Schmidt

CNET's Tom Krazit and Molly Wood sit down with Google CEO Eric Schmidt to discuss the future of Android, the Chrome OS, the problem of real-time search indexing, and more.

Verizon tests sending RIAA copyright notices

The No. 2 phone company, known for its reluctance to intervene in antipiracy cases, strikes an agreement to forward copyright notices on behalf of the music industry.