Yozo Shimano & family have a net worth of $2.4 billion. He is the chairman and CEO of Shimano.
Shimano has been a manufacturer of bicycle parts for over 100 years and is listed on Tokyo Stock Exchange. The company also manufactures rowing and fishing tackle.
The company was founded by Shozaburo Shimano as Shimano Iron Works in 1921 and they had only one lathe which was used to manufacture bicycle parts.
In 1970, Shimano began manufacturing fishing tackle and was listed on Tokyo Stock Exchange two years later.
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In 2001, Yozo became President of the company a position from which he stepped down some twenty years later and his nephew Taizo took over.
The company enjoys dominance in bicycle components globally. In 2023 it earned $3.4 billion as gross revenue or $434 million as net profit.
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