is a Japanese

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

 real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 magnate

Magnate

Magnate, from the Late Latin magnas, a great man, itself from Latin magnus 'great', designates a noble or other man in a high social position, by birth, wealth or other qualities...

 with an estimated fortune of $5.7 billion, putting him among the five richest people in Japan. He is chairman of the Iwasaki Sangyo Group, a major transportation, tourism

Tourism

Tourism is travel for recreational, leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes".Tourism has become a...

 and hotel

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...

 company in southern Japan, founded by his father, Yōhachirō Iwasaki.

Iwasaki is a resident of Kagoshima and holds a bachelor's degree

Bachelor's degree

A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...

 from Rikkyo University

Rikkyo University

, also known as Saint Paul's University, is a private university, based on Christian precepts, in Ikebukuro, Tokyo. There is a suburban campus in Niiza in nearby Saitama.It is known for its liberal climate symbolized by the motto -History:...

.

External links

• Forbes.com: Forbes World's Richest People

Forbes 2007 list of billionaires estimates his net worth at $2.1 billion.