Nintendo's Former President Just Lost Half a Billion Dollars

A disastrous last quarter in terms of sales has sent Nintendo's share prices through the floor. If you own Nintendo shares, sorry! But hey, even if you do, it could be worse; spare a thought for former president Hiroshi Yamauchi. He just lost $500,000,000 in one day.

It's not like he'll be out on the street; Yamauchi, who used to be Japan's richest man, is so rich he can take a $500 million hit (caused by a drop in over 20% of Nintendo's share value) in his overall wealth and still rise to greet the day.

But boy, losing $500,000,000 in a single day has gotta hurt. I lost $2 down the side of my driver's seat last week and went through half a box of tissues!

Yamauchi ran Nintendo for over 50 years, and also used to own the Seattle Mariners baseball team.

Nintendo President Loses $500M in Single Day [Bloomberg]