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    This 50 year old Cat has fetched billions for its Owner

    This 50-year-old Cat has Fetched more than $84.5 Billion for its Owner


    Finance Outlook India Team | Monday, 17 June 2024

    This year marks Hello Kitty's 50th anniversary. Designer Yuko Shimizu developed the renowned fictitious character in 1974. Because of this Kitty's enormous economic success, the Sanrio Company in Tokyo has generated billions of dollars over the course of five decades. Dubbed a "money-making machine," Hello Kitty, also known as Kitty White, has allegedly made an astounding $84.5 billion via the sale of millions of items globally so far, according to a Fobes study from 2022.

    Together with Pokemon ($119 billion) and Mickey Mouse ($83 billion), Hello Kitty is now one of the highest-grossing media franchises in the world thanks to this incredible accomplishment.

    The red-bow-wearing creature has become a symbol of a broad range of things, from bottles and bags to spoons and even toilet paper, captivating both adults and children in the merchandising frenzy. Performing an internet search reveals that Hello Kitty products come in over 50,000 variants and are sold for billions of dollars every year. Because of Hello Kitty's enormous kawaii (Japanese for "cute") aesthetic appeal, a Taiwanese airline has even built a Hello Kitty jet.

    As of March 2024, 7,096 pieces make up the greatest collection of Hello Kitty memorabilia, according to Guinness World Records. This record is held by Yang Tao from China, who started her collection in 2006.

    However, who is this Kitty and what led to her creation?

    The Yamanashi Silk Center firm changed its name to Sanrio firm in 1973 after undergoing a metamorphosis. After first experimenting with a restaurant and greeting card company, Sanrio finally struck gold with the release of Hello Kitty and her friends Patty & Jimmy.

    Sanrio claims that Hello Kitty is a girl rather than a cat. She lives in the outskirts of London with her twin sister Mimmy and their parents, not in Tokyo like her owner does. She enjoys baking cookies, consuming homemade apple pie, and forming friendships.  It is claimed that Shimizu created Hello Kitty after being inspired by the cats in Lewis Carroll's "Through the Looking-Glass and What Alice Found There."

    The adorable, cat-like creature has inspired millions of people all around the world since her conception. Since the introduction of her debut product, a pocketbook, in 1975, Hello Kitty has had great popularity. Hello Kitty became the United States UNICEF Children's Ambassador in 1983, her first official position. She was chosen by the UNICEF Japan Committee to serve as a Children's Goodwill Ambassador in 1994. Sanrio Company increased in popularity together with Hello Kitty.

    By the 1990s, the corporation had opened theme parks and dabbled in a variety of sectors, extending its reach to Korea, Taiwan, and Hong Kong. Its first directly managed store opened in Hamburg, Europe, in 2002. The first Sanrio store in Russia opened its doors in Moscow a year later.

    The Attraction of Hello Kitty in the West

    When Hello Kitty apparel and accessories were spotted on superstars like Mariah Carey and Britney Spears, the brand's appeal in the West skyrocketed.  Furthermore, when Hello Kitty turned forty in 2014, a BBC study revealed that Sanrio made over $759 million a year from the popular figure alone. According to Forbes, Hello Kitty is currently present in roughly 130 countries and is expected to be valued $3.8 billion globally by 2022.

    Hello Kitty's Indian Premiere

    Interestingly, Hello Kitty is scheduled to make its Indian debut this year. To get into the Indian market, Sanrio has planned merchandise, content, and themed cafés. According to Forbes, the business would market Hello Kitty on a Hindi-language YouTube channel in the second part of the year.
     



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