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

$2.4-B Okada casino to open in November

A group led by Japanese gaming tycoon Kazuo Okada has invested $2.4 billion to open before the year ends Okada Manila, the newest and biggest integrated resort in Pagcor Entertainment City, touted to be a “game-changer” as the country builds its ...
Posted: July 19, 2016, 10:45 am

The billionaire who wants to create the ‘kawaii’ feeling–in a casino

The man whom subordinates call “The Chairman” sat on a pink high-backed chair in the middle of a quiet atrium of the lobby of Okada Manila, the newest premiere leisure center in Entertainment City Manila. Kazuo Okada smiled a lot. Wearing a navy ...
Posted: January 7, 2017, 12:50 pm

Exclusive: Okada sues family in bid to regain control of gambling empire

TOKYO (Reuters) - Japanese casino and slot machine tycoon Kazuo Okada has filed a lawsuit against his son, daughter and wife in Hong Kong in an attempt to regain control of his sprawling business empire, according to a court filing and Okada. Okada ...
Posted: July 3, 2017, 5:18 am
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