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Akio Morita

Akio Morita

Born 1921 · Age 105

Japanese entrepreneur and co-founder of Sony Corporation; influential global business leader who led Sony's expansion from a small postwar shop into a worldwide electronics and entertainment company.

Total Events
48
Career Span
82 years
Peak Net Worth
$520,000,000

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Life & Career Timeline

1921Age 0

Born in Nagoya, Japan

Born into the Morita sake-brewing family in Kosugaya (near Nagoya); 15th-generation heir to family business traditions.

1/26/1921Net Worth: $5,000Source
Confidence
60%
1939Age 18

Entered higher education (Eighth Higher School / path to Osaka Imperial University)

Advanced to the prestigious Eighth Higher School preparing for Osaka Imperial University (physics track); formative period in mathematics and electronics.

1/1/1939Net Worth: $2,000Source
Confidence
60%
1944Age 23

Graduated Osaka Imperial University (BS in Physics)

Completed degree in physics at Osaka Imperial University (then Osaka Imperial), specialized in applied physics.

1/1/1944Net Worth: $2,000Source
Confidence
95%
1944Age 23

Commissioned in Imperial Japanese Navy

Commissioned as a sub-lieutenant (engineering/technical role) and assigned to wartime research on heat-seeking/infrared systems; met Masaru Ibuka in Navy research group.

1/1/1944Net Worth: $3,000Source
Confidence
95%
1945Age 24

Postwar contact with Masaru Ibuka

Saw article about Ibuka's radio repair/telecommunications venture in Tokyo and began correspondence that led to joining him.

9/1/1945Net Worth: $5,000Source
Confidence
90%
1946Age 25

Co-founded Tokyo Tsushin Kogyo (pre-Sony)

With Masaru Ibuka founded Tokyo Tsushin Kogyo Kabushiki Kaisha (Tokyo Telecommunications Engineering Corporation) in Tokyo with ~20 employees and initial capital ¥190,000 (funding from Morita's father).

5/7/1946Net Worth: $75,000Source
Confidence
95%
1947Age 26

Relocated company premises to Gotenyama

Moved operations from burned-out Ginza premises to Gotenyama area; company continued product experimentation (e.g., rice cooker attempt).

1/1/1947Net Worth: $80,000Source
Confidence
75%
1949Age 28

Developed magnetic recording tape

Company developed magnetic recording tape technology, an important step toward tape recorders sold in Japan.

1/1/1949Net Worth: $100,000Source
Confidence
85%
1950Age 29

Sold Japan's first tape recorder

Released and sold the company's first tape recorder in Japan (initial sales skewed to schools after consumer uptake slow).

1/1/1950Net Worth: $120,000Source
Confidence
90%
1950Age 29

Married Yoshiko Kamei

Married Yoshiko Kamei; they later had three children.

5/13/1950Net Worth: $125,000Source
Confidence
95%
1953Age 32

Negotiated license for transistor technology

Traveled to the U.S. and secured licensing/purchase of transistor rights (deal completed around 1953–1954), enabling Sony to create transistor consumer products.

1/1/1953Net Worth: $400,000Source
Confidence
80%
1955Age 34

Introduced AM transistor radio (first consumer transistor product)

Sony produced an AM transistor radio for consumers; marked first practical application of transistor tech to mass-market electronics.

1/1/1955Net Worth: $600,000Source
Confidence
75%
1957Age 36

Launched pocket-sized (fully transistorized) radio

Released a pocket-sized radio—the first to be fully transistorized—which became an international success and established Sony's reputation abroad.

1/1/1957Net Worth: $1,500,000Source
Confidence
90%
1957Age 36

Adopted the name 'Sony' for products and company (name change)

Company name changed from Tokyo Tsushin Kogyo to Sony (sources vary between 1957–1958); name chosen for global ease of pronunciation and brandability.

1/1/1957Net Worth: $1,700,000Source
Confidence
80%
1960Age 39

Founded Sony Corporation of America

Established Sony Corporation of America (SONAM / SCA) and began building direct sales channels in the U.S.; Morita moved to the U.S. to lead expansion.

1/1/1960Net Worth: $3,000,000Source
Confidence
95%
1961Age 40

First Japanese company listed on NYSE (ADRs)

Sony became the first Japanese company to offer shares on the New York Stock Exchange in the form of American Depositary Receipts (ADRs), opening global capital access.

1/1/1961Net Worth: $15,000,000Source
Confidence
90%
1966Age 45

Published 'Gakureki Muyō Ron' (Never Mind School Records)

Authored bestselling book advocating that school records are not the only path to success; influenced hiring and HR thinking in Japan.

1/1/1966Net Worth: $16,000,000Source
Confidence
90%
1968Age 47

Founded CBS/Sony joint venture in Japan

Set up a joint venture (CBS/Sony) to produce music 'software' to pair with Sony hardware—an early vertical integration into content.

3/1/1968Net Worth: $20,000,000Source
Confidence
90%
1969Age 48

Sony products used on U.S. Apollo mission

Sony tape recorders were carried on the Apollo mission—an important credibility milestone for product reliability internationally.

1/1/1969Net Worth: $22,000,000Source
Confidence
85%
1971Age 50

Became President of Sony

Succeeded Masaru Ibuka as president (Ibuka had served 1950–1971); Morita steered company strategy and global marketing.

1/1/1971Net Worth: $30,000,000Source
Confidence
95%
1972Age 51

Trinitron TV awarded Emmy; Golden Plate Award

Sony's Trinitron received an Emmy (first product to receive this honor); Morita received Golden Plate Award of the American Academy of Achievement.

1/1/1972Net Worth: $35,000,000Source
Confidence
90%
1972Age 51

Presided over San Diego TV plant groundbreaking; aided US-Japan business deals

Led opening of Sony manufacturing in San Diego (U.S. manufacturing expansion) and helped General Motors in its acquisition interest in Isuzu.

1/1/1972Net Worth: $36,000,000Source
Confidence
85%
1973Age 52

Sony achieved first $1 billion sales year

Sony's sales reached its first billion-dollar year, a major corporate milestone reflecting international success.

1/1/1973Net Worth: $50,000,000Source
Confidence
85%
1975Age 54

Released first Betamax home VCR

Introduced Betamax home videocassette recorder (1975) — pioneering home VCR product that later competed with VHS.

1/1/1975Net Worth: $60,000,000Source
Confidence
90%
1976Age 55

Named Chairman of Sony

Masaru Ibuka retired; Morita transitioned to chairman of Sony Corporation and took on CEO-level responsibilities.

1/1/1976Net Worth: $80,000,000Source
Confidence
95%
1979Age 58

Launched Walkman portable cassette player

Introduced the Walkman (1979), one of the world's first portable personal music players—massively influential consumer product.

1/1/1979Net Worth: $120,000,000Source
Confidence
95%
1979Age 58

Entered financial services (Sony Prudential Life JV)

Sony formed Sony Prudential Life Insurance Co. Ltd., a 50-50 joint venture with The Prudential Life Insurance Co. of America, marking diversification into finance.

1/1/1979Net Worth: $125,000,000Source
Confidence
80%
1982Age 61

Launched first commercial compact disc player (CDP-101)

In 1982 Sony released the world's first compact disc player (CDP-101) and co-developed the CD format with Philips; also introduced 3.5-inch floppy structure.

1/1/1982Net Worth: $200,000,000Source
Confidence
90%
1982Age 61

Awarded the Albert Medal (Royal Society of Arts)

First Japanese recipient of the Albert Medal for contributions to technological and industrial innovation and international trade.

1/1/1982Net Worth: $205,000,000Source
Confidence
95%
1984Age 63

Introduced Discman series; received Legion of Honour

Extended Walkman brand to portable CD players (Discman) and received France's Legion of Honour for contributions to industry and culture.

1/1/1984Net Worth: $300,000,000Source
Confidence
90%
1986Age 65

Published autobiography 'Made in Japan'

Released Made in Japan (autobiography), outlining his business philosophy and Sony's history.

1/1/1986Net Worth: $320,000,000Source
Confidence
90%
1987Age 66

Received International Distinguished Entrepreneur Award

Awarded the International Distinguished Entrepreneur Award by the University of Manitoba; Sony continued global expansion.

1/1/1987Net Worth: $350,000,000Source
Confidence
85%
1988Age 67

Acquired CBS Records Group (~$2B)

Sony purchased CBS Records Group (Columbia, Epic, etc.) as part of major vertical integration into entertainment (purchase widely reported at ~$2 billion).

1/1/1988Net Worth: $400,000,000Source
Confidence
85%
1989Age 68

Acquired Columbia Pictures Entertainment (1989)

Sony acquired Columbia Pictures Entertainment (Columbia, TriStar, etc.) to form Sony Pictures Entertainment—major move into film and entertainment.

1/1/1989Net Worth: $450,000,000Source
Confidence
85%
1989Age 68

Norio Ohga succeeded as CEO

Norio Ohga, a long-time Sony executive, succeeded Morita as chief executive officer; Morita remained chairman.

1/1/1989Net Worth: $460,000,000Source
Confidence
90%
1991Age 70

Co-authored 'The Japan That Can Say No'

Co-authored a controversial book with Shintaro Ishihara criticizing aspects of American business practices; later distanced himself from some English translations.

1/1/1991Net Worth: $470,000,000Source
Confidence
85%
1991Age 70

Awarded First Class Order of the Sacred Treasure

Received Japan's First Class Order of the Sacred Treasure from the Emperor of Japan.

1/1/1991Net Worth: $475,000,000Source
Confidence
90%
1992Age 71

Elected to the American Philosophical Society

Elected as a member of the American Philosophical Society, recognizing contributions to technology and international business.

1/1/1992Net Worth: $480,000,000Source
Confidence
90%
1993Age 72

Elected Fellow of the American Academy of Arts and Sciences; awarded honorary KBE

Elected to the American Academy of Arts and Sciences and awarded an honorary British knighthood (KBE) in the same period, recognizing international stature.

1/1/1993Net Worth: $485,000,000Source
Confidence
80%
1993Age 72

Suffered cerebral hemorrhage (stroke)

Suffered a major stroke/brain hemorrhage while playing tennis; left partially paralyzed and confined to a wheelchair (date commonly reported as Nov 1993).

11/30/1993Net Worth: $480,000,000Source
Confidence
95%
1994Age 73

Received IEEE Founders Medal

Awarded the IEEE Founders Medal in recognition of distinguished corporate leadership and contributions to consumer electronics.

1/1/1994Net Worth: $500,000,000Source
Confidence
90%
1994Age 73

Stepped down as Sony chairman

Retired as chairman on November 25, 1994 due to health issues; succeeded by Norio Ohga; named honorary chairman or founder figure.

11/25/1994Net Worth: $500,000,000Source
Confidence
95%
1995Age 74

Awarded Japan Society Award

Received the Japan Society Award for contributions to better U.S.–Japan understanding (post-stroke period active in cultural/business diplomacy).

1/1/1995Net Worth: $510,000,000Source
Confidence
80%
1998Age 77

Named in Time's list of 20 most influential business people of the 20th century

Included as the only Asian among Time magazine's 20 most influential business people of the 20th century (Time 100 Builders & Titans segment).

1/1/1998Net Worth: $520,000,000Source
Confidence
90%
1999Age 78

Posthumously awarded Grand Cordon of the Order of the Rising Sun

Posthumous national honor awarded in recognition of lifetime contributions to Japan and global industry.

1/1/1999Net Worth: $520,000,000Source
Confidence
85%
1999Age 78

Hospitalized for illness

Admitted to a Tokyo hospital in August 1999; health remained poor following earlier stroke complications.

8/1/1999Net Worth: $520,000,000Source
Confidence
80%
1999Age 78

Died in Tokyo (pneumonia)

Died on October 3, 1999 in a Tokyo hospital at age 78; left a major legacy in global electronics and entertainment.

10/3/1999Net Worth: $520,000,000Source
Confidence
95%
2003Age 0

Anaheim University business school renamed in his honor

Anaheim University's Graduate School of Business renamed the Akio Morita School of Business in recognition of the Morita family's support and legacy.

1/1/2003Net Worth: $520,000,000Source
Confidence
75%