A radical economic policy by Japan's Prime Minister Shinzo Abe not only helped trigger stellar gains in Japanese stocks last year, it also boosted the fortunes of the country's 50 wealthiest individuals, as ranked by Forbes.
In its Japan rich list published Thursday, Forbes said Masayoshi Son, the man behind Japan's leading internet venture Softbank, is the country's wealthiest individual with a net worth of $19 billion. That's up from $9.1 billion previously.
Last year, the 56-year old came in third place, but has since seen the biggest gains in both percentage and dollar terms thanks to a buying spree by Softbank. After picking up stakes in Finland's Supercell and U.S. phone distributor Brightstar, Softbank bought a 70 percent stake in U.S. -based Sprint Nextel last year.