Kazuo Okada Net Worth is$1.5 Billion
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Kazuo Okada Net Worth: Kazuo Okada is a Japanese businessman who has a net worth of $1.5 billion. One of the richest and most affluent people in Japan, Kazuo Okada runs Universal Entertainment, a maker of pachinko machines that was formerly known as Aruze. Nowadays, he is involved in several lawsuits with Wynn Resorts, an American casino group managed by U.S. billionaire Steve Wynn, with properties in Las Vegas, Macau. Okada, who assisted the launch of Wynn Resorts with a $260 million investment, held a 20% stake in the company through his Universal Entertainment. But after Okada faced a lawsuit for breach of fiduciary duty, he filed counterclaim against Steve Wynn and other board members to prevent the "unjust" redemption of shares. In February 2013, Mr. Okada resigned his board seat ahead of a shareholder vote to oust him. Having teamed up with the property company owned by Philippine's billionaire John Gokongwei on a Manila casino, Kazuo is also under investigation in the Philippines for supposedly making improper payments to gambling regulators. Okada is currently in talks with U.S. regulators to settle the issue.
Based on Forbes Japan's Richest 2013

Based on Forbes Japan's Richest 2012
Based on Forbes Japan's Richest 2010
Based on Forbes Japan's Richest 2007
Forbes.com: Japan's 50 Richest:
Forbes.com: Japan's 40 Richest:

Kazuo Okada Latest News

Okada Manila: 44-hectare massive integrated resort set to open in December

The $2.4 billion investment is expected to be Okada Manila Chairman Kazuo Okada’s “biggest gift to the Filipinos” with the collaboration of the biggest design and architectural consultants from around the world led by Japanese firm Miurashin ...
Posted: October 18, 2016, 5:00 pm

Kazuo Okada Under Criminal Investigation, U.S. Says

Universal Entertainment Corp. Chairman Kazuo Okada faces a U.S. criminal investigation related to his Philippine casino project, sending the gambling company’s shares down as much as 18 percent yesterday. The U.S. asked to intervene in a lawsuit brought ...
Posted: April 10, 2013, 5:25 am

War Of The Wynns, Co-Starring Kazuo Okada, Philippines, Has No Victors

Steve Wynn called Okada his “best friend,” insisting in 2008, “I love Kazuo Okada as much as any man that I’ve ever met in my life.” Perhaps as a token of their love, the Wynns and Okada had a pact to vote their shares as a block, including ...
Posted: April 6, 2016, 8:34 pm
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