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:

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Kazuo Okada Latest News

Philippine Court Orders Okada Arrest for Alleged Embezzlement

Japanese businessman Kazuo Okada faces arrest in the Philippines after a trial court issued a warrant on charges that he allegedly embezzled $3.16 million in funds from the Okada Manila integrated ...
Posted: January 6, 2019, 5:40 pm

Tokyo Court Rules Gaming Mogul Kazuo Okada Was Legally Ousted from His Own Company by His Children

A court in Tokyo has ruled that a trust agreement between the son and daughter of billionaire Japanese gambling mogul Kazuo Okada — which led to the two siblings ousting their father from the family ...
Posted: February 7, 2019, 7:17 am

DOJ affirms dismissal of another estafa complaint vs Okada

MANILA, Philippines – The Department of Justice (DOJ) affirmed the dismissal of an estafa complaint filed against Japanese gaming tycoon Kazuo Okada and several others over the supply of ...
Posted: January 19, 2019, 6:45 pm
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