Everyone have a good weekend? I would hope so after hearing the news that Japan's wealthiest man Tadashi Yanai lost $1.4 billion (£1.2 billion) in just one day on Friday. Fuck me.
The colossal loss (probably pocket change to him, mind) came after his company Fast Retailing saw shares crash and thud by 6.7 percent, leaving Yanai with the biggest riches loss among the world's 500 richest people, or so says Bloomberg Billionaires Index.
Tadashi chilling in front of some clothes. Image: PA
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67-year-old Yanai, worth $17.7 billion (for now!), has since dropped six places down the global rich list to 44th.
He opened the first Uniqlo shop - owned by Fast Retailing - in Hiroshima back in the mid-1980s, watching it grow into something huge here in 2017. Yanai reckons the chain will take over H&M and Inditex (owners of Zara) as the largest retailer on the planet by the turn of the next decade in 2020.
God speed, Tadashi and lend us a fiver will ya'.
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Featured image credit: PA
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