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Forums - Nintendo - What is Shigeru Miyamato's net worth?

sguy78 on 16 August 2009
ganondorf7799 said:
Some years ago I read that Miyamoto got 3% of the Nintendo Shares.
I don't know if this is true or not.

Do you remember where you read it by any chance?



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c03n3nj0 on 16 August 2009

+ 5 billion respect for Miyamoto.



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sguy78 on 16 August 2009
c03n3nj0 said:
+ 5 billion respect for Miyamoto.

Yeah, you could say that again.



sguy78 on 16 August 2009
thekitchensink said:
Yridian said:
thekitchensink said:
sguy78 said:
I didn't entirely get the answer to my own question, but apparently he refuses to take a higher salary than the other developers at Nintendo, and rides his bicycle to work everyday. Talk about dedication.

I did a biography on him once, and you're absolutely right.  He's been offered the ridiculous kinds of salaries that you'd expect him to have, but he refuses to take a higher paycheck than the likes of, say, Reggie or Iwata.  And he does, indeed ride his bike!

How you can remain so humble when you basically gave $100 billion/year industry its jumpstart AND created its most recognizable characters and franchises is beyond me.  The man has a small house, in the crowded streets of Kyoto, and his hobbies include gardening and breeding his dog.  He's so famous, and by rights should be filthy rich, yet he chooses the mundane lifestyle in lieu of some assuming mansion or something.  It's why he's my idol and role model.

If you did a bio on him, maybe you can answer my question. Years ago I heard he willingly gave up some of his own money, back to Nintendo when it was still run under the previous President. The President himself asking him to do so. I forget the reason, something about not reaching some financial goal. Which made people wonder "If the President of Nintendo has so much money, why is Miyamoto being asked to give money back."

I guess my question is, did I hear right? And if so, what caused all of this to take place.

You're almost right.  Nintendo's former president, Hiroshi Yamauchi, refused his own pension (which according to Wikipedia was $9 to $14 million) when he retired, because he thought Nintendo could use the money more than him.  He was already a multi-millionaire, and he's currently the third-richest man in Japan thanks to the stock he still ownsin Nintendo.

I think he still owns the Seattle Mariners, doesn't he?



ultima on 16 August 2009

In my book, Miyamoto is and always will be priceless.



           

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ROBOTECHHEAVEN on 16 August 2009

the best game designer period, and always will be. :)



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sguy78 on 16 August 2009

And best of all, he won't get his kids a Playstation.



sguy78 on 17 August 2009
ROBOTECHHEAVEN said:
the best game designer period, and always will be. :)

I don't think that will ever be in question.



JUG on 17 August 2009

Given the seniority of his position in the company and the fact, already mentioned, that Yamauchi is the third richest man in japan, I imagine that Miyamoto is easily a multimillionaire, regardless of whether his ongoing salary is relatively humble or not.



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sguy78 on 17 August 2009
JUG said:
Given the seniority of his position in the company and the fact, already mentioned, that Yamauchi is the third richest man in japan, I imagine that Miyamoto is easily a multimillionaire, regardless of whether his ongoing salary is relatively humble or not.

Stock options maybe?