TKP Corp

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
Renting Out Rooms Made This Bank Worker a Billionaire

By Yoojung Lee
March 23, 2018, 4:00 AM GMT+8

Takateru Kawano worked at an internet bank and helped set up an online brokerage before seizing an opportunity that would make him a billionaire.

In 2005, when he founded TKP Corp., hardly anyone was harnessing the power of the web to rent out office and event space. Today, the company controls more than 1,900 conference rooms from Japan to Hong Kong to New York, serving about 94,000 corporate clients.

Kawano’s net worth eclipsed $1 billion in January after Tokyo-based TKP’s stock had surged as much as 415 percent since its debut last March, according to the Bloomberg Billionaires Index. The shares have dropped since, paring his fortune to about $886 million. The company declined to comment on his wealth.

More details in https://www.bloomberg.com/news/articles/...high-rents
Specuvestor: Asset - Business - Structure.
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)