2023 Forbes Media LLC. During that conversation, Gundersen experienced first-hand what its like to engage with a CEO and investor who thinks on a 300-year timetable. 1995-11-12 04:00:00 PDT JAPAN -- Billionaire media mogul Masayoshi Son started on the golden road to mogulhood not in his native . They relented Son was allowed into Fujitas office, and he had a 15 minute chat with his young fan. "What did Masayoshi Son invent?", the answer would . SoftBank Group Corp. founder Masayoshi Son increased the amount of stock pledged as collateral to financial institutions to 175.25 million shares, or about 35% of his total stake in the Japanese . By the late 80s, Softbank hadcreated a system that let people across Japan choose telephone operators with the lowest rates for domestic and long-distance calls that was enormously popular. In the past, that meant telecoms and internet firms. This copy is for your personal, non-commercial use only. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 9,452 stories Tesla Inc. 7,811 stories US Federal Reserve. Then Son decided to take matters into his own hands . [37] However, the deal with Nvidia failed as announced in February 2022. A WarnerMedia Company. As of February 2023, Masayoshi Japan's net worth is estimated to be roughly $30 Billion. Privacy Policy. SHARE. Aug 12, 2022. [21] In 2019, a second Vision Fund was created with a target of $108 billion, of which $38 billion would come from Softbank itself. Mohit Aron, founder and CEO of the data storage startup Cohesity, remembers Son staying silent throughout much of his pitch. But by 2021, he was still struggling to persuade investors of the value of his efforts, in part because of fiascoes and troublesome losses with companies such as WeWork, OneWeb, Wirecard,[70] OYO Rooms, Katerra[71] or Greensill Capital, and SoftBank Group's own stock chronically traded far below the value of its assets reflecting a discount[72] associated to tax liabilities, risk, past performance, losses, performance fees and high probability of occurrence of several haircuts given Sons poor track record while running the Vision Fund[73] and high enthusiasm for investing vast sums in loss-making companies at eye-popping valuations. Armed with Alibabas returns, Softbank is now redoubling its efforts into investing in startups around the world. Masayoshi Son is the billionaire founder and CEO of SoftBank, Asia's leading tech conglomerate with interests in telecom, internet, e-commerce, online gaming, broadband, media, etc. in Economics in 1980,[26] and started a video game company called Unison World in Oakland, CA. I just want tosee his face. Once the world's biggest investor in startups, SoftBank reported that it had invested just $300 million into startups, down more than 90% from last year. A grandson of South Korean immigrants to Japan, Son founded SoftBank in 1981 as a distributor of computer software. Son is also remarkably comfortable taking large, risky bets, and has a keen eye for the future. Find India Media Murdoch stock photos and editorial news pictures from Getty Images. The dotcom bubble exploded and affected businesses across the world. In December 2016 at Trump Tower, Son promised that SoftBank would lead $50 billion in investments in U.S. companies and create 50,000 jobs. #masayoshi #son #richestinJPHow can he be the richest in Japan? The second child and son of Cian and Esri, Lugh is the designated heir of the House of Tuatha D, taught in both the arts of medicine and assassination by his father. Son looked to new opportunities, including investing in broadband services in the early 2000s, acquiring Sprint for $20 billionin 2013 and buying multiple robotics companies in 2017 -- among them Alphabets Boston Dynamics, which builds robots that run, jump and climb stairs. He plans to stay there during more frequent visits to Sprints headquarters in Overland Park, Kan., they said. 3.80. Most stock quote data provided by BATS. Annual recognition of top API-led films and creatives through the Gold List. [91] He lives in Tokyo in a three-story mansion that is valued at $50 million and that has a golf range with technology to mimic the weather conditions and temperature of the worlds top golf courses. The Journal said Claure encouraged Son to buy the house so he could hold meetings in Sprints principal offices rather than at offices in San Carlos, Calif., where he had been meeting with Sprint executives. He is widely reported to have seen his paper wealth fall by $70 billion in 2000. Son started his investment journey in 1995. at first, he bought shares of Yahoo! [23] His family eventually moved out of the neighborhood so that Son could attend a better school. - Lumost Podcast. Masayoshi Son's last earnings briefing was among his most somber in recent memory. Eventually they met Son in an intimate sitting room where a two-seater couch faces a couple ofchairs and a small coffee table. [24], He left to study in the U.S. on the advice of Den Fujita. Bernard Arnault Success Story | CEO of LVMH | Investor, Andy Jassy Success Story CEO of Amazon | Facts | Life Lessons, Paytm Success Story Founder, Funding| Case Study, Tim Cook Success Story | CEO of Apple Journey & Biography, Kishore Biyani | Success story of Indias Modern Retail King, Jawed Karim Success Story | Co-Founder of YouTube, Sean Parker Success Story | Entrepreneur and Philanthropist, Cameron Diaz | Success Story of the Globally-Recognized Actress, Vin Diesel | Success Story of the Multifaceted Artist, Rachel McAdams | Success Story of the Oscar-Nominated Actress, OYO Success Story | Case Study | Business Model | Facts & More, Lenskart Success Story | Indias #1 Eyewear Brand. SoftBank has further accumulated shares in Sprint to about 84% ownership. At first, he made an electric translater and sold it to a Japanese MNC Sharp Corporation for $1.7 million. Again", "Masayoshi Son goes on a $100bn shopping spree", "Softbank to Invest $20 Million In Hong Kong's Alibaba.com", "SoftBank's Alibaba Alchemy: How to Turn $20 Million Into $50 Billion", "SoftBank's Masayoshi Son steps down from Alibaba board, defends his investing decisions", "SoftBank completes $31 billion acquisition of ARM", "SoftBank reaches $40bn deal to sell Arm to US chipmaker Nvidia", "The biggest chip deal in history has fallen apart | CNN Business", "Nvidia Abandons $66 Billion Acquisition of Arm - News", "U.S. Securities and Exchange Commission - Homepage", "SoftBank is in Big Trouble if Sprint T-Mobile Merger Doesn't Happen", "Masayoshi Son Castigates the Nuclear Industry", "Softbank's CEO Wants a Solar-Powered Japan", "SoftBank wants to build the world's biggest solar project in Saudi Arabia", "IEEFA op-ed: India is helping bring the era of coal to an end", "SoftBank's $100 Billion Vision Fund Is Run by These 10 Men", "The most powerful person in Silicon Valley", "Masayoshi Son building Vision Fund into family, say founders", "SoftBank Launches Second Vision Fund With $2.5 Billion Investment: Report", "SoftBank's second Vision Fund is starting life a lot smaller than the first", "SoftBank Vision Fund 2 fails to raise new funds Masayoshi Son says the company will now use its own money for investments", "SoftBank-Backed Korean Unicorn Coupang Prepares for IPO as Soon as 2021", "SoftBank leads $500 million fundraising for Didi's self-driving unit", "SoftBank Soars on $11 Billion DoorDash Gain, Buyout Prospect", "Sports e-commerce firm Fanatics closes $1 billion funding round led by SoftBank", "Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund", "Masayoshi Son's Impatience Just Cost $17 Billion", "SoftBank sees 700 billion loss from WeWork investment", "How Masayoshi Son's lack of vision is imperiling innovation", "SoftBank's Masayoshi Son grilled by investors over governance lapses", "China's regulatory crackdown has wiped billions off tech stocks here are the risks ahead", "Softbank CEO Masayoshi Son says he feels 'so stupid' for passing up early opportunities to invest in Tesla and Amazon", "Wirecard forged client details to secure 900mn investment from SoftBank", "SoftBank-backed Katerra files for bankruptcy", https://www.nytimes.com/2019/02/06/business/dealbook/softbank-market-capitalization.html, "SoftBank Founder Masayoshi Son 'Embarrassed' Over Investment Track Record", https://www.bloomberg.com/features/2021-softbank-minting-billionaires/, "SoftBank's startup bookkeeping draws scrutiny after WeWork fiasco", "SoftBank Group Has Multiple Problems. Yet, Yahoo! The Wall Street Journal reports that Son, chairman of Sprint and CEO of SoftBank Group Corp., has purchased a house in the Kansas City area. It invests in growing companies and emerging technologies. 35% of Son's total stake . BB is now Japan's leading broadband provider. [67] Son became noted as a stock investor after the meteoric rise of Alibaba Group. For non-personal use or to order multiple copies, please contact Softbank would also seriously enter the publishing business in a big way in 1996, acquiring Ziff Davis,the US-based publisher of PC Week Magazine. Eric Gundersen, the CEO of the open source mapping startup Mapbox, says Son didnt even mention maps during a discussion that led to Vision Fund leading a $164 million investment round. But Sons future as an investor may depend on proving, as he once put it, that his success with Alibaba was not just one lucky hit.. Read the latest breaking news from Masayoshi Son and from over 100 premium publishers, unwalled and ad free with one subscription. [40][41], In response to the Fukushima Daiichi nuclear disaster in 2011, Masayoshi Son criticized the nuclear industry for creating "the problem that worries Japanese the most today"[42] and engaged in investing in a nationwide solar power network for Japan. He lost most of his money during the dot com crash of 2000. Son capitalized on the rise of personal computing in the 1980s and bet so heavily on the dot-com boom of the 1990s that he is said to have at one point owned 25%of the Internet. [29], Founder, CEO and largest shareholder of SoftBank, by December 2022, Masayoshi Son had a stake of 34.2% in the company. Currently, Yahoo BB is prominent broadband in Japan. It has a technologically advanced golf range with the same weather and temperature as worlds leading Golf courses. Son claimed he would make personal connections with the CEOs of all companies funded by Vision Fund in order to enhance the creation of intertwined synergies among those companies. He raised another 1.5 million this way. The 2000 dot-com crash hit Son particularly hard. In 1981, he returned to Japan, and, But the move that propelled Softbank into prominence was its investment in Yahoo. At a time when most CEOs look no further ahead than the next quarter, Son forges ahead with a 300-year planfor his company. Preeminent community for API creatives, entrepreneurs, and social impact leaders. White House. Mighty Flower by Dr. Annabelle Manalo-Morgan is released with Forbes Books. How billionaire Masa Son is shaking up Silicon Valley By Seth Fiegerman Not far from the storied venture capital firms on Sand Hill Road, there's a palatial estate where Masayoshi Son, Silicon. Softbankbecame the primary shareholder in Yahoo, and set up Yahoo Japan, its Japanese subsidiary. under which this service is provided to you. Startup founders fortunate enough to earn an audience with Son, a 60-year old billionaire with a global network and vast funds, recall being led down a hallway lined with artwork to make the pitch of a lifetime. We're changing cultural narratives through authentic and affirming API storytelling. Sprint Corp. Chairman Masayoshi Son recently bought a house in the Kansas City area, a sign the Japanese billionaire will be spending more time near the company's headquarters. But its not just Snapdeal, Paytm and Flipkart Softbank also is the biggest investor in Ola, and is also an early investor in InMobi. Masayoshi Son reportedly is worth more than $20 billion. He doesnt say much. Son is best known for his investment company Softbank. He has been a wise investor - his early stakes in computing, then brands like Microsoft, Yahoo! John Cable, better known by his Japanese name Masayoshi (Japanese: Masayoshi ), is an American variety Twitch streamer of Japanese, Italian, and German descent known for having great haircuts. This story was originally published November 1, 2015, 7:35 PM. On this Wikipedia the language links are at the top of the page across from the article title. Elon Musk has been the world's richest person since September 2021. He has also bought a home near Silicon Valley in Woodside, California, that cost him $117 million. A 3rd generation "Zainichi Korean", he naturalized as a Japanese citizen in 1990. He is one of the richest men in Japan. From the start, Son focused on how he could help change society with technology, said the longtime SoftBank employee. Hes a very aggressive, risk-taking, entrepreneurial person. And all of his investments can be traced back to the pay-out he received from US computing firm Sharp almost 40 years ago after selling one of his . His company has shed more market value in the past . Reuters/Issei Kato Billionaire SoftBank founder Masayoshi Son has joined calls to cancel the Tokyo. He was born in Tosu, Saga, Japan, and naturalized as a citizen of Japan in 1990. Apply for our private membership with exclusive events and benefits for industry leaders. At the beginning of the year, the net worth of the owner of Twitter was $137 billion. Barnard wasnt the only one to have an anxiety-inducing moment in the house. The fund, backed by the likes of Apple and Saudi Arabias Public Investment Fund, has already pumped $30 billion into companies including Uber, WeWork, and Slack. Son with Softbanks humanoid robot, Pepper/Getty Images. Although Softbanks Yahoo! He began building up and selling businesses while at university in the U.S., netting millions. This company, he told shareholders, is ready to become next Alibaba. The choice to namedrop his most famous investment may say as much about the pressure on Son to find yet another Alibaba-sized opportunity as it does about his actual enthusiasm for WeWork. stake soon dropped to 7%, Softbank made benefited from Yahoo broadband which was released in September 2001. He is also in the 68th position among the worlds richest persons. Son came up with the idea to use the synthesizer astranslator that would pronounce the word that you were trying to translate, and could be sold at airports. [74][75][76][77][78] By October 2021, Masayoshi Son had accelerated the pace of his startup investments quintupling the number of companies in his Vision Fund 2 portfolio in less than 9 months, SoftBank was cutting more deals with fewer staff than ever and the average investment amount per company had fallen from $943 million in Vision Fund 1 to $192 million in Vision Fund 2. Son appeared to play that card very publicly last year. (, SoftBank Keeps Minting Billionaires Despite WeWork-Sized Misses (, SoftBanks Epic Losses Reveal Masayoshi Sons Broken Business Model, Bloomberg (23 August 2022), Forbes Magazine's List of The World's Most Powerful People, "[ ] () , IT ", "Masayoshi Son's $58 Billion Payday on Alibaba", "Inside the eccentric, relentless deal making of SoftBank's Masayoshi Son", "The dangerous approach of SoftBank's Masayoshi Son", "Masayoshi Son: Inside the eccentric world of the controversial Japanese billionaire investor", "SoftBank: Fallacies of past performance; learnings from SoftBank - The Economic Times", "SoftBank blazes a trail in losing money on tech bets", "A Japanese Gambler Hits the Jackpot With Softbank", "First Bitcoin, Now WeWork: Is Masayoshi Son the Worst Investor Ever? At the age of 16, Son moved to the US to learn English. Masayoshi plans to raise $100 billion for a new fund every few years, investing about $50 billion a year in startups. [35], In July 2016, SoftBank announced plans to acquire Arm Holdings for 23.4 billion ($31.4 billion) which would be the largest ever purchase of a European technology company. At the heart of his plan lies the Vision Fund, a $93 billion pool of money that Son intends to use to shape the future for centuries to come. And they know Son is only getting started. Masayoshi Son owns real estate worth $45 million in Tokyo and real estate worth $117.5 million in the Silicon Valley, according to Business Insider. The Embrace was unveiled on Friday in Boston, where Martin Luther King Jr. and Coretta Scott King met, and the abstract sculpture quickly earned both praise and derision. That could be seen as more of a commitment to overhauling the struggling carrier. Please log in if you don't want to post Mr. [18], Masayoshi Son was born as the second of four sons in Tosu (, Tosu-shi), a city in the eastern part of Saga Prefecture on the island of Kyushu, Japan.[1][19][20][21]. During his negotiations with Uber, Son casually told reportersthat hed be just as happy investing in Lyft instead. SoftBank declined to make Son available for this article. Worried due to Fukushima nuclear disaster, he started investing in the direction of a nationwide solar power network. [50] But the amount was scaled down due to lack of investing partners beyond Softbank Group itself and Masayoshi Son. Now, they live in a mansion worth $ 50 million. Son, who lives in Japan and is also the CEO of SoftBank Group Corp., doesnt plan to move into the house full time, said people familiar with the matter. Masayoshi Son is a Japan-based Millionaire, a tech entrepreneur, and an investor. [22] Son's grandfather, Son Jong-kyung, moved from Daegu to Japan during the Japanese colonial period, where he worked as a miner. But trouble was around the corner. Matt Barnard remembers time moving slowly in that side room as he awaited his chance to convince a man he described as larger than life to bet on his indoor farming startup, Plenty. He is known as the third generation of Zainichi Korean. He also spent $117 million on a house in Woodside, California, near Silicon Valley. Son was named the world's 45th most powerful person by Forbes Magazine's List of The World's Most Powerful People. Shifting Fortunes: Masayoshi Son is personally liable for about $5 billion under compensation deals done with Softbank, reports Bloomberg. Aiming High. "[23], In 2011 Son pledged to donate 10 billion yen ($120 million) and his remaining salary until retirement to support victims of the 2011 Thoku earthquake and tsunami.[94]. The Journal report, which cited people familiar with the matter, was confusing geographically. Somehow. Later he moved towards Alibaba with a $ 20 million stake. Son started studying English and computer science. Masayoshi Son To have real success and roots in a society, there has to be a local champion, and hence we believe in identifying a local entrepreneur. [32][33][34] Although SoftBank's stake in Yahoo! His League of Legends live gaming streams, Valorant plays and Super Mario 64 speedruns with his own commentary have helped him garner massive popularity. Plus, 60% off clearance with American Eagle promo code, Receive 15% Off DIY Online Tax Filing Products with H&R Block. As of August 2014, Forbes ranks him as the richest Japanese and sixth-richest Asian, worth an estimated $17.5 billion. The son of FC Barcelona legend Ronaldinho, Joao Mendes, still hasn't officially signed for the club according to a report. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry. Sprint employees perhaps will soon be seeing more of Masayoshi Son around the Overland Park headquarters. and Vodafone have proved sound ventures. 2017 Cable News Network. [51][52], As of 2020, the first fund had invested in 88 companies including Coupang,[53] Didi,[54] Doordash,[55] Fanatics,[56] Grab,[57] Oyo,[58] Paytm[59] Uber,[60] and WeWork,[61] but had experienced an awkward fall from grace[62][63][64][65] as the COVID-19 pandemic and a Chinese anti-monopoly crackdown[66] accelerated the exposure of the Japanese investment management conglomerate's portfolio weaknesses. SoftBank's shares took a hit in 2021 after ride-hailing firm Didi Chuxing, facing pressure from Chinese regulators, decided to delist six months after its U.S. listing and relist in Hong Kong. [43] In March 2018, it was announced that Son was investing in the biggest ever solar project, a 200GW development planned for Saudi Arabia as part of its Vision 2030. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The founder and CEO of Japanese tech company SoftBank. Masayoshi Son I'm the king of debt. [83] In August 2022, Masayoshi Son said he was embarrassed and ashamed when asked to talk about the way he had run the SoftBank Vision Fund[84][85] and Barron's characterized the fund as a failed experiment[86] while The Wall Street Journal called SoftBank a big loser"[31] and Bloomberg elaborated on Masayoshi Sons broken business model. For the year ended March 2022, the two Vision Funds reported a $27 billion loss. He moved to California for studies where he completed high school at the age of 16. Son was a child when his Korean parents moved to Japan, and he grew up poor. You dont have to look at me. He was born in 1957 in Japan, the son of Korean immigrants. I just think $100 billion is a bridge too far., Son laid out his plan for crossing that bridge during the shareholder meeting in June. Sprint's principal owner and chairman, Masayoshi Son, has bought a house in Mission Hills near the home of chief executive Marcelo Claure, who hailed the purchase as a show of confidence.. 30 photos Located at 6405 Wenonga Road in Mission Hills, Kan., the 12,360-square-foot home includes 5 bedrooms, 6 bathrooms, a custom kitchen, giant wine cellar, spa facilities and a master bedroom. Sons Of The Forest Behind Only Hogwarts Legacy As 2023s Biggest Launch, Ronaldinhos Son Still Hasnt Officially Signed For FC Barcelona - Reports, Ronaldinhos Son Makes FC Barcelona Debut Against Manchester United, Masayoshi Sons SoftBank Vision Fund Posts $5.5 Billion Quarterly Loss, Pulls Back On Startup Investments, Big Bet Actor Son Suk-Ku Discusses Being Shy And Becoming A Star, A Mothers Journey To Save Her Son Through Cannabidiol Therapy, Nurturing Talent In The Workforce: Promoting From Within, Martin Luther King Jr.s Son Defends Controversial New Monument That Drew National Attention, Prince Harry Says Princess Diana Would Be Heartbroken By Her Sons Fractured Relationship, SoftBanks Asia Fintech Investments Could Still Pay Off Big, WeWork Unveils Its Flagship Asia-Pacific Office Tower In Singapore Amid Narrowing Losses, SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake, SoftBanks Startups Insist The Bruised Investor Still Expects Growth Despite The Economic Downturn, Japans 7-Eleven Tycoon Bucks The Trend By Doubling Down On Convenience Stores, Hey Masayoshi Son, I Have A Bridge To Sell You, Softbank COO Exits After Reported Fallout With Founder Masayoshi Son Over Pay, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. He is the founder of SoftBank. For Japanese billionaire Masayoshi Son, Neumann was the prodigal son he never had, with a wild-eyed vision to rival Son's own. On the advice of Japans McDonalds president Den Fujita. Masayoshi Son is the billionaire founder and CEO of SoftBank, Asia's leading tech conglomerate with interests in telecom, internet, e-commerce, online gaming, broadband, media, etc. and/or its affiliates. [93], When he went to the United States at 16 to attend high school and then the University of California Berkeley, he decided to use his real Korean surname. To help make his case, Barnard brought along a seven-foot tower of mustard greens and bok choy grown by his startup. She is the daughter of a prominent Japanese doctor. Lifes too short to do anything small, he says. Son is the founder and CEO of the holding company SoftBank. The entrepreneur, who was very favorable toward us, basically couldnt say no, Sandell said. Fujita was the founder of McDonalds Japan, and had written a book that Son admired. 45: Masayoshi Son - In Photos: The World's Most Powerful People: 2013", "SoftBank founder Masayoshi Son: A 'crazy' billionaire obsessed with the future", "MEDIA; an Entrepreneurial Exception Rides the Internet in Japan", "The David Rubenstein Show: Masayoshi Son", "Japanese-Style Entrepreneurship: An Interview with Softbank'S CEO, Masayoshi Son", "CEO revealed Korean roots to inspire youths facing bigotry in Japan", "SoftBank's Masayoshi Son quietly lifts stake to 34%, edging toward buyout", "SoftBank Emerges as a Big Loser of the Tech Downturn. Harry said the royal family had shown no willingness to reconcile with him and even accused them of not liking Meghan from the beginning before they even had a chance to know her. Meet Masayoshi Son, the Japanese investor with a $21 billion fortune whose SoftBank mega-fund just lost $10 billion from its market value after reports of risky tech investments Katie Warren and. The Journal said the price of the house he purchased here couldnt immediately be determined. I went home and told my wife that I just met this guy who is going to own Japan someday. Ray Kroc | Pioneer of the Fast Food Industry, Sameer Nigam | Founder and CEO of the digital payment app PhonePe, PhonePe | A Leading digital Payment application in the trending market. At the suggestion of Japans Mc Donalds president Den Fujita Son studied computer science. Placing diverse leaders on the Boards and Advisories of privately-held and newly-listed companies alongside the top multicultural funds. It focused on distributing software developed by other companies, before branching into computer trade shows and tech magazines. Internet., Sons net worth soared accordingly, only to collapse when the bubble burst. All times are ET. Distribution and use of this material are governed by Suite of prestigious accelerating programs and resources for the next generation of API creative visionaries. Its launched a $100 billion Vision Fund, through which it aims to steer the course of technological development for the planet. He is the chief executive officer of the Japanese conglomerate Softbank Group, which holds . Doing so means surpassing the performance of major indices like the S&P 500, which gained 19% in 2017, says Steven Kaplan, who teaches entrepreneurship and finance at the University of Chicago Booth School of Business. 5,285 stories Apple. It also has large stakes in Oyo and Grofers, and thanks to its $100 billion Vision Fund, is still willing to back any successful startups that may emerge in the country. And then theres Uber, which SoftBank first invested in when the ride-hailing company was valued at $48 billion. [69] In addition, he raised his global profile as stock investor since starting Softbank Vision Fund in 2017, creating an unprecedented investment vehicle of almost $100 billion to back technology startups. And Masayoshi Son was similarly prescient about Alibaba, offering a big sum to its CEO Jack Ma when he hadn't even asked for it. ", "The biggest and fastest net-worth losses of our time", "Elon Musk becomes first person ever to lose $200 billion", "Elon Musk breaks world record for 'worst loss of fortune,' Guinness says", "How Elon Musk, Mark Zuckerberg and the World's 500 Richest Billionaires Lost $1.4 Trillion in a Year", "No. Masayoshi Son is the billionaire founder and CEO of SoftBank, Asia's leading tech conglomerate with interests in telecom, internet, e-commerce, online gaming, broadband, media, etc. Not everyone celebrates this. [3] The morphing of his own telecom company SoftBank Corp. into an investment management firm called SoftBank Group Corp. made him noted worldwide as a stock investor. After graduating from the University of California, he started a Unison in Oakland which was later handed over to a Japanese Electronic company Kyocera. You dont have to talk to me. In July, he sold a 9,400-square-foot house at 2060 North Bay Road for $32.3 million. Masayoshi Son is also the CEO and Chairman of SoftBank. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. SoftBank's investment vehicle, the $100 billion Vision Fund, invests in emerging technologies like [] Masayoshi Son sounds a warning for vision-peddlers everywhere "It's impressive how Mr Goto handles each of Mr Son's impossible tasks but I fear that the company is reaching a limit," the Hong. Do Not Sell, States have a $1.4 trillion pension problem, For gig economy workers in these states, rights are at risk. He gave $ 20 million to the victim of the Tohoku earthquake and tsunami (2011). Everyone is trying to figure out how it might impact their subset of the market.. But for all too many of them, Sons team arguably overpaid. August 4, 2022, 8:15 AM PDT. He booked a ticket to Tokyo and landed up at Fujitas office. Son is now worth about $15 billion-- and, remarkably, maintains his tremendous appetite for risk and long-term thinking. It invested $2.5 billion in Flipkart, Indias leading online retailer, in 2017. I just want tosee his face. He was interested in business since childhood. [31] Son's holding company SoftBank owns 29.5% of Alibaba, which is worth around $108.7 billion as of 23 October 2018. All of this aside, Son faces a deeper question: Can he invest in enough winners to generate the kind of returns that make his $100 billion experiment worthwhile for investors? Masayoshi Son (bahasa Jepang: , Hepburn: Son Masayoshi, bahasa Korea: Son Jeong-ui; lahir 11 Agustus 1957) adalah Pengusaha asal Jepang dan Pendiri / Sekarang Chief Executive Officer dari SoftBank, dan Chief Executive Officer dari SoftBank Mobile.Menurut Majalah Forbes,kekayaanya US $18.2 Miliar pada tahun 2014,dan merupakan orang terkaya di Jepang saat ini, Masayoshi Son .