88-Year-Old Japanese Ex-Pet-Shop Owner Built A $14 Million Fortune Buying Stocks

88-Year-Old Japanese Ex-Pet-Shop Owner Built A $14 Million Fortune Buying Stocks

by bloomberg

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  1. From Bloomberg reporter Yasutaka Tamura:

    When a regulatory filing revealed a stake of more than 5% had been built up in Japanese property management firm Storage-OH Co. last October its shares spiked 17%.

    The investor that provoked the fevered market response was Shigeru Fujimoto, an 88-year-old former pet-shop owner from the city of Kobe.

    In a nation where the norm has been for people to park their assets in cash and deposits that offer almost no interest, he’s built a small fortune. After almost seven decades of stock trading, the octogenarian has accumulated about ¥2 billion ($14 million) of wealth. Read the full story [here](https://www.bloomberg.com/news/articles/2024-09-29/japan-s-octogenarian-trader-who-built-a-14-million-fortune).

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