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<h2>Hirotake Yano, founder of Daiso, has died from heart failure at the age of 80</h2>
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<p>The Japanese billionaire died in Hiroshima on 12 February, according to a <a target="_blank" rel="nofollow noopener" href="https://www.daiso-sangyo.co.jp/wp-content/uploads/2024/02/Notice_HP.pdf">statement</a> from his company on 19 February.</p>
<p>A private funeral was held by his close friends and family members.</p>
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<p class="img-caption">Hirotake Yano</p>
<p>                <small class="img-credit">Image via <a target="_blank" href="https://www.ey.com/en_gl/weoy/class-of-2019" rel="noopener">EY World Entrepreneur Of The Year</a></small>
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<h2>In 1972, Yano started his first business, a street vending shop named Yano Shoten or Yano Store, where all items were priced at 100 yen. </p>
<p>Five years later, he renamed it Daiso.</h2>
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<p>When he was 29 years old, Yano opened his first street vending business with fixed prices, because he and his wife found pricing items individually too time-consuming.</p>
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<p>The name Daiso translates to &#8220;creating something big&#8221;, which reflected his ambitions for the company.</p>
<p>Yano&#8217;s entrepreneurship and innovative spirit has revolutionised the shopping experience for millions around the world. He&#8217;s even seen as a pioneer of the budget-shop model.</p>
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<p>                <small class="img-credit">Image via <a target="_blank" href="https://www.todayonline.com/8days/daiso-spore-raising-prices-selected-items-2-407-1886536" rel="noopener">Today Online</a></small>
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<h2>Under Yano&#8217;s leadership, Daiso grew into a global phenomenon with around 6,000 stores in 30 countries</h2>
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<p>Daiso has become so successful that the business model Yano pioneered is now popular all over the world.&nbsp;</p>
<p>The Japanese discount store has over 70,000 different products in stock, and is reputed for introducing over 1,000 new products every month.</p>
<p>Yano had a net worth of USD1.9 billion (RM9.1 billion), according to the <a target="_blank" rel="nofollow noopener" href="https://www.bloomberg.com/news/articles/2024-02-19/billionaire-founder-of-japanese-100-yen-shop-dies-at-80">Bloomberg Billionaires Index</a>.</p>
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<h2>Yano may be gone but he has left behind a legacy. Here are Daiso products you might love:</h2>
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Daiso Founder Dies At 80 Due To Heart Failure