Iwasaki Yatarō was born in Aki, Tosa Province, Japan back in 1835. He was imprisoned for seven months due to a dispute with the local ruling clan. After his release, he worked as a clerk for the Yamauchi government. He was responsible for trading camphor oil and paper to buy ships, weapons and ammunition.
In 1868, he travelled to Osaka where in 1870 he became president of the Tsukumo Trading Company. From 1874-75 he was contracted by the Japanese government to transport Japanese soldiers and war materials. With his new-found wealth he invested in mining, ship repair and finance industries. He died in 1885 from stomach cancer is was 50.
What you may not know about Iwasaki is that in 1873, he changed the name of Tsukumo Trading Company to something I know all of you are familiar with, Mitsubishi.
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