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Former High School Dropout Becomes Billionaire As Japan’s Internet Usage Soars
Japan’s state of emergency over the novel coronavirus that requested people to remain at home has turned out to be a boon for GMO Internet and turned its founder, Masatoshi Kumagai, into a billionaire. Kumagai saw his net worth hit $1 billion as shares of his Tokyo-based company soared on the back of increased internet usage in Japan. GMO Internet provides internet infrastructure, such as cloud storage and web hosting; online advertisements and media; online banking and cryptoassets. Investors are optimistic about the Japanese internet company’s future growth as more people went online during the country’s ... (full story)
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