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Tsuyoshi Matsushita

Source of wealth: fitness products

Net Worth

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Biography

Matsushita is the founder of MTG, which develops and sells fitness, health and beauty products and outsources its production.

The company, in which Matsushita has a 70% stake, listed its shares on the Tokyo Stock Exchange in July 2018.

Soccer phenom Cristiano Ronaldo starred in TV ads for MTG's Sixpad electrical-stimulation muscle machine.

His company developed a line of cosmetics called MDNA Skin with singer Madonna.

Mastushita worked for autoparts giant Denso after high school and started MTG in 1996.

Financial Assets

Exchange
TOKYO
Ticker
7806-JP
Company
MTG

The Great Lie of Mega-Fortunes: The Case of Tsuyoshi Matsushita

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Tsuyoshi Matsushita, linked to Fashion & Retail and 'fitness products', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 7 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.5 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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