What is Naruatsu Baba's Net Worth?
Naruatsu Baba is a prominent Japanese entrepreneur renowned for his remarkable financial accomplishments. As of now, his net worth stands at a staggering $1.6 billion. Baba's swift ascent into the billionaire rankings occurred in 2013, largely due to the extraordinary performance of his smartphone-game development company, Colopl, which saw its stock price surge nearly sevenfold following its initial public offering (IPO) in December 2012.
Founding of Colopl
In 2008, Naruatsu Baba established Colopl in Tokyo, with the vision to create innovative mobile applications. His foresight and leadership have been pivotal to the company's success. Baba retains a dominant influence over Colopl as the majority shareholder, holding a 59% stake after parting with a 10% stake the previous summer.
Colopl's Game Portfolio
Colopl has made significant contributions to the gaming industry, developing popular titles such as "Catastrophic Zombies" and "Kuma's Digging Adventure." The company's portfolio also features some of the top-grossing apps available for Google Android smartphones, including:
- Professional Baseball PRIDE
- Treasure Trove Detective
- Dino Dominion
