Age, Biography and Wiki
| Birth Place | Japan |
Net worth: $500 Million (2024)
Eitaro Itoyama, renowned as a real estate magnate in Japan, is set to reach new heights in terms of his net worth. With an estimated worth of $500 million projected for the year 2024, his financial success is nothing short of impressive. Itoyama's expertise in the Japanese real estate sector has propelled him to great financial prosperity, solidifying his position as a prominent figure in the industry. His proven ability to navigate the market and make strategic investments have contributed significantly to the growth of his wealth, positioning him as a key player in Japan's real estate landscape.
Biography/Timeline
Itoyama has served four terms as a member of the Diet, the Japanese Parliament with nearly twenty years of active involvement in the ruling party, the Liberal Democratic Party. He was a principal figure in a 1974 bribery scandal that resulted in the arrests of more than 90 people, including a senior vice President of Itoyama's company, and Peter Herzog characterized Itoyama as "one of the worst offenders" in having a "cavalier attitude" toward Japanese election laws.
Itoyama became the single largest shareholder in Japan Airlines in February 1998 and publicly called for significant changes to management and Business structures. He traveled to the United States and began negotiating the sale of JAL hotel properties such as the Ihilani Resort & Spa in Honolulu and the Essex House in New York, despite having no actual authority to do so. JAL management moved to compromise with Itoyama by appointing him Special Adviser to the Chief Executive Officer in exchange for Itoyama's giving up the right to object to management decisions at shareholder meetings. He sold half of his JAL stake on the open market in 2006 after the company failed to pay dividends for two years in a row.
