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Forums - Nintendo - Bloomberg: Retired Nintendo President Hiroshi Yamauchi Loses $500M in Single Day

The value of Nintendo shares held by Yamauchi, the company’s largest single shareholder and great-grandson of the founder, tumbled as much as 42 billion yen ($540 million) after the stock’s plunge today in Osaka trading. Yamauchi, 83, owned 14.17 million shares, or 10 percent of Kyoto-based Nintendo, as of March 31, according to regulatory data compiled by Bloomberg.

Yamauchi, who ran Nintendo for 53 years, was Japan’s sixth- richest man with an estimated fortune of $4.6 billion, according to Forbes magazine’s latest rich list. The former owner of the Seattle Mariners baseball team led the Forbes Japan rich list in 2008.

http://www.bloomberg.com/news/2011-07-29/nintendo-s-yamauchi-loses-500-million-in-single-day-after-plunge-in-stock.html



 

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Wow, Nintendo are being hit hard, this just hasn't been their month. I want Reggie to lose money, he seems like the one who should lose money.....



Bet with Conegamer and AussieGecko that the PS3 will have more exclusives in 2011 than the Wii or 360... or something.

http://gamrconnect.vgchartz.com/post.php?id=3879752

ok i've been on Nintendo's ass all day so i'll give it a rest and say this is really fucked up?



Well he was richest because of Nintendo as well. Wonder what his take on this is.



 

It's a lot of money but to him, probably just chump change.



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That guy is seriously rich! O.o



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Doobie_wop said:
Wow, Nintendo are being hit hard, this just hasn't been their month. I want Reggie to lose money, he seems like the one who should lose money.....


You definitely have to change your avatar. I can never see what you're writing. :D

On topic: I'd love to be rich enough to be able to lose 500M $. That's just insane.



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Golly, that's alot of cash!!! 0.o



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Galaki said:
It's a lot of money but to him, probably just chump change.

just going with the numbers in the article.  500M of 4.6B would be  ~10.8% of his fortune.  he won't go hungry over this but a 10% change would be rather noticiable. 



kitler53 said:
Galaki said:
It's a lot of money but to him, probably just chump change.

just going with the numbers in the article.  500M of 4.6B would be  ~10.8% of his fortune.  he won't go hungry over this but a 10% change would be rather noticiable. 

He's 83. He'll have forgotten about it by tomorrow.



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