Hiroshi Yamauchi, former chairman of Nintendo's board of directors and the company's president prior to Satoru Iwata, is now the third wealthiest person in Japan, according to Forbes. Yamauchi reportedly has a net worth of $4.8 billion.

On Forbes' list of the 40 richest Japanese, Yamauchi is noted for jumping up 11 spots, making him the list's biggest gainer. The reason cited for Yamauchi's increased worth is his shares in Nintendo; the company's stock has reportedly tripled in value since January 2006, thanks to the success of Nintendo DS and Wii.

We know, you're expecting us to throw up a picture of Iwata and Shigeru Miyamoto holding a DS that prints money. But we've got self control ... we'll just link to an article that already has the image instead.

This article was originally published on Joystiq.

Shipping this week: scary silver ninjas edition