Nobuko Kobayashi is a partner with EY Strategy and Consulting Co., Ltd., Strategy and Transactions -- EY-Parthenon.
Collecting luxury items, Japanese billionaire Yusaku Maezawa, former president and founder of online fashion retailer Zozo, paid a record $110.5 million in 2017 for an untitled Jean-Michel Basquiat painting -- is another way the rich diversify their wealth in addition to more traditional assets such as equities bonds and real estate.
