The Alibaba deal is arguably the signature achievement of his career. Reflects change since 5 pm ET of prior trading day. Son sold the device to Sharp in a deal he said netted him close to $1 million -- an early win for the young entrepreneur. [45], Established in 2017, SoftBank Group's investment vehicle, the $100 billion Vision Fund, was intended to invest in emerging technologies like artificial intelligence (AI), robotics and the internet of things. Scott Sandell, managing partner at New Enterprise Associates, said he was very close to sealing a $30 million investment in a startupat a $180 million valuation. 2023 Forbes Media LLC. [48][49] Son planned to raise $100 billion for a new fund every few years, investing about $50 billion a year in startups. 126 ratings11 reviews. Masayoshi Son reportedly is worth more than $20 billion. Masayoshi Son I'm the king of debt. SoftBank owns stakes in more than 1,000 companies, including Alibaba and Yahoo Japan, according to. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry Ellison and Saudi Arabia's sovereign fund. Sons investment company Softbank owns 29.5% stake in Alibaba which worth $ 108.7 billion in 2018. Definitive award for the 100 APIs who had the most impact on culture and society over the past year. [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. Son with Softbanks humanoid robot, Pepper/Getty Images. anonymously (anonymous users cannot post links). Hes a very aggressive, risk-taking, entrepreneurial person. 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. Masayoshi Son is also the CEO and Chairman of SoftBank. 12-week accelerator for API founders offering masterclasses, 1:1 advising, and 0,000 investment. Sons fund would go on to lead a $200 million investment round in Plenty after the meeting. Here's What Comes Next", https://www.bloomberg.com/news/articles/2022-08-23/softbank-s-23-billion-loss-looks-like-more-wework-fun, "Masayoshi Son owes $4.7bn to SoftBank following tech rout", "Masayoshi Son Now Owes SoftBank $5.1 Billion on Side Deals", "Masayoshi Son, SoftBank's worried visionary", "SoftBank's Masayoshi Son, the 'crazy guy who bet on the future", "10 Things You Didn't Know About Masayoshi Son", "Serial Entrepreneur Taizo Son Finds A Welcoming Laboratory For His High-Tech Ideas", "Softbank's Son pledges 120 million salary for quake relief", "Masayoshi Son: The CEO who lost $70bn in a day before conquering the world", https://en.wikipedia.org/w/index.php?title=Masayoshi_Son&oldid=1141670169, UC Berkeley College of Engineering alumni, Short description is different from Wikidata, Articles containing Japanese-language text, Articles containing potentially dated statements from December 2022, All articles containing potentially dated statements, Articles with unsourced statements from August 2022, Articles with unsourced statements from July 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 February 2023, at 05:52. MASAYOSHI SON: "In my home in my basement I have a computer-simulated course. He also has announced to donate the rest of his salary until retirement. Expert cultural consultation and services to ensure authentic storytelling. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. He is the chief executive officer of the Japanese conglomerate Softbank Group, which holds . Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. A grandson of South Korean immigrants to Japan, Son founded SoftBank in 1981 as a distributor of computer software. BB and BB Phone. Billionaire Masayoshi Son founded Softbank, a Japanese holding conglomerate, in 1981 and has continued to serve as its chairman & CEO. Masayoshi Son is a famous Japanese entrepreneur, philanthropist, investor, and billionaire. Softbankbecame the primary shareholder in Yahoo, and set up Yahoo Japan, its Japanese subsidiary. Well, it certainly didnt have the budget or the IP behind it, but that hasnt stopped Sons of the Forest from rocketing to fame and becoming the second-biggest game of the year on Steam, behind only Hogwarts Legacy itself. As the owner of Softbank, Masayoshi made hundreds of investments. Talent often has to be nurtured and honed, and so the best place to find talent may be within your current workforce. Masayoshi Son owes $4.7bn to SoftBank following tech rout Market crash also wipes out value of Japanese founder's stake in second Vision Fund Masayoshi Son's liabilities to his own company. Aug 12, 2022. It Also Has an Undervalued Stock", "Softbank Group shares slide 3% after Didi, Arm, Grab triple setback", "SoftBank Is Cutting More Deals With Fewer Staff Than Ever (1)", "SoftBank cuts 15% of jobs from Vision Fund arm", "SoftBank Vision Fund posts record $27 billion loss as tech stocks plummet", "Klarna's Slashed Valuation Creates Losers and a Few Winners", "SoftBank CEO 'ashamed' of pride in past profits as record losses prompt cost cuts", "SoftBank suffers as Son's bets on China tech backfire", "The SoftBank Experiment Has Failed. Masayoshi Sons Softbank had invested in Snapdeal in 2013, but the investment didnt quite pay off. He was interested in business since childhood. But trouble was around the corner. You dont have to look at me. Sprint employees perhaps will soon be seeing more of Masayoshi Son around the Overland Park headquarters. But the move that propelled Softbank into prominence was its investment in Yahoo. In July, he sold a 9,400-square-foot house at 2060 North Bay Road for $32.3 million. Softbank COO Marcelo Claure reportedly clashed with the companys founder and sought as much as $1 billion in compensation. The 2000 dot-com crash hit Son particularly hard. Later he moved towards Alibaba with a $ 20 million stake. Before I told anybody else, our stock started crashing We almost went bankrupt. Preeminent community for API creatives, entrepreneurs, and social impact leaders. This neo-classical home is spread over 9,000 square feet, and includes a swimming pool, tennis court, and an attached library. [32][33][34] Although SoftBank's stake in Yahoo! It surprised me, Mozer told CNN recently. Reaching him requires driving into a leafy enclave filled with mansions overlooking Palo Alto before passing through a gated entrance into a sprawling compound where waiting attendants escort you inside. SoftBank, he said, is now a unicorn hunter.. Owner: reportedly Masayoshi Son, worth $8.6 billionPurchase Price: $117.5 million in 2012The most expensive home sale on record includes a 9,000-square foot neoclassical house, a 1,117-square foot . 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. Now estimated to have a $20 billion valuation, some criticshave called WeWork overvalued, but not Son. But its not just Snapdeal, Paytm and Flipkart Softbank also is the biggest investor in Ola, and is also an early investor in InMobi. Son is now worth about $15 billion-- and, remarkably, maintains his tremendous appetite for risk and long-term thinking. [citation needed], Son attended the University of California, Berkeley. Sun never hesitate in doing philanthropy work. Masayoshi Son Date of birth: August 11, 1957 Masayoshi Son founded SOFTBANK Corp. Japan (currently SoftBank Group Corp.) in 1981 and has continued to serve as its chairman & CEO. White House. 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. Alibaba, of course, has ended up becoming one of the most valuable companies in the world, and Softbanks stake has now grown to an astonishing $130 billion, a 2240x return on his original investment. 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. Morningstar, Inc. All Rights Reserved. Now, they live in a mansion worth $ 50 million. BB acquired Japan Telecom, the then third largest broadband and landline provider with 600,000 residential and 170,000 commercial subscribers. 2017 Cable News Network. Its been barely a year since the Vision Fund officially launched, but, SoftBank has scored some modest wins with the Vision Fund. 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? Thats how it is when youre the visionary leader of SoftBank, one of the worlds most influential and aggressive technology firms. But later everything fell in place. He also spent $117 million on a house in Woodside, California, near Silicon Valley. 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. He is also an investor and an entrepreneur like Masayoshi. 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. and/or its affiliates. 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. It later grew to become $ 130 billion dollars in 2018. 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 . Get our picks of API projects and companies to support and celebrate, Gold House is a registered 501(c)(3) nonprofit. You dont have to look at me. - Lumost Podcast. It invested $2.5 billion in Flipkart, Indias leading online retailer, in 2017. It sold in 2012 for $117 million to SoftBank Chief Executive Masayoshi Son. Son sits on an investment committee that performs a final review of potential investments. Factset: FactSet Research Systems Inc. 2018. Although Softbanks Yahoo! Masayoshi Son and Jack Ma shaking hands at a forum in Tokyo in 2019. The son of FC Barcelona legend Ronaldinho, Joao Mendes, still hasn't officially signed for the club according to a report. It made him inclined toward technology and he later became a tech entrepreneur and an investor. You dont have to talk to me. His father and other Koreans illegally built their houses on land that was owned by Japan National Railways, which caused them trouble with the authorities. Do Not Sell, States have a $1.4 trillion pension problem, For gig economy workers in these states, rights are at risk. Masayoshi Son was one of those who suffered the most as his company's share price plummeted and . Masayoshi Son, the chief executive of Japanese tech conglomerate SoftBank, said to shareholders on Wednesday that he wants to be viewed as a 21 st century Rothschild. Son then invested billions in both of Snapdeals competitors, Paytm and Flipkart, ensuring that hed havea stake inany company that would eventually win Indias e-commerce race. [28][23] "If I had stayed all the time in Japan, Mr. [47] However, it also invested in companies supposedly focused on revolutionizing real estate, transportation, and retail. BB is now Japan's leading broadband provider. That investment yielded a 60% returnwhen Walmart bought the company less than a year later in a deal that reportedly pegged SoftBanks stake at $4 billion. The prominent one which made him into the limelight was an investment of $ 30 million in Alibaba group. At a time when most CEOs look no further ahead than the next quarter, Son forges ahead with a 300-year planfor his company. WeWorkcontrolled by billionaire Masayoshi Sons SoftBank Grouphas unveiled its flagship office tower in Singapore as the company expands in the Asian financial hub, which is among its fastest growing markets. I have Augusta, Pebble Beach while I can hit the ball with my drivers and irons to the computer-simulated course on the screen. On this Wikipedia the language links are at the top of the page across from the article title. | We're changing cultural narratives through authentic and affirming API storytelling. The usually irrepressible billionaire opened by comparing the devastating impact of the coronavirus outbreak. Give and help us accelerate the representation, success, and unity of Asian Americans and Pacific Islanders. He effortlessly straddles the Japanese and Western business worlds, a quality that stood him in good stead while making business deals with his foreign counterparts. And several investors told CNNMoney that SoftBank is driving up valuations for everybody. Yahoo founder Jerry Yang replied that they didn't need that much. Billionaire Masayoshi Son founded Softbank, a Japanese holding conglomerate, in 1981 and has continued to serve as its chairman & CEO. 5,285 stories Apple. This third-generation Zainichi Korean is also famous for his philanthropic work. [4] A controversial figure,[5][6][7] Son has been called a gambler,[8] mocked by some specialized media[9] and dubbed the worst investor ever.[10][11]. Yahoo! Son resigned from Alibaba board in June 2020. Mohit Aron, founder and CEO of the data storage startup Cohesity, remembers Son staying silent throughout much of his pitch. Masayoshi Son is a Korean-Japanese multibillionaire technology entrepreneur, investor, and philanthropist who was born on August 11th, 1957. [20] However, after he returned to Japan, Son decided to use his family's original Korean surname[28][23] instead. He made another $1.5 million by importing used video game machines from Japan, on credit and installing them in dormitories and restaurants. Bachelor of Arts/Science, University of California, Berkeley. The youngest of them is the founder of Gungho Online Entertainment, a Japanese video game developer company. BY Grady McGregor. The buy price, initially set at $40bn (cash and Nvidia shares) when first announced in September 2020, had risen closer to an estimated $66bn by 2022 given the intervening hike in Nvidia's stock that would make this deal the biggest deal in the semiconductor market. To live in Japan, Sons family built houses illegally on the land of the Japan National Railway. SoftBank has further accumulated shares in Sprint to about 84% ownership. He was an early investor in many internet firms, such as Yahoo! Masayoshi Son Yahoo was Jerry Yang's baby. Instead, he will stay there during more frequent visits to Sprints headquarters. BroadBand in September 2001 with Yahoo! 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. I went home and told my wife that I just met this guy who is going to own Japan someday. Note: VirtualGlobetrotting is an entertainment website is and is not associated Its launched a $100 billion Vision Fund, through which it aims to steer the course of technological development for the planet. Even though Son got a relatively late start at his acting career, it took just a few years for him to become a star. That could be seen as more of a commitment to overhauling the struggling carrier. Others found themselves in a small side room illuminated by chandeliers waiting for the meeting to begin. Youre seeing him own the infrastructure for the future., SoftBank takes on Apple and Samsung with new payment app, GM and Softbank are putting $3 billion into self-driving cars, SoftBank CEO gives up control to make Sprint's merger with T-Mobile happen, SoftBank wants to build the world's biggest solar project in Saudi Arabia. (Bloomberg) -- Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision. He marveled at how Son was able to discuss ideas that were multi-decades out before going back to specific customers and industry details in the present. He had invested $20 million in Jack Ma's Alibaba back in 2000 when it was a young Chinese startup company[68] although regrettably passing up early opportunities to invest in both Amazon and Tesla. 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. Son started his investment journey in 1995. at first, he bought shares of Yahoo! China's Ant group and Masayoshi Son-led SoftBank, two of the largest investors in Paytm's parent One97 Communications, are looking at reducing their holding in the fintech major. 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. 1995-11-12 04:00:00 PDT JAPAN -- Billionaire media mogul Masayoshi Son started on the golden road to mogulhood not in his native . As of August 2014, Forbes ranks him as the richest Japanese and sixth-richest Asian, worth an estimated $17.5 billion. In the same year, Softbank signed an agreement with Nvidia. [82] SoftBank's bad timing-prone, impulsive investment decisions regarding previously overhyped and consequently overvalued startups like Klarna, had plunged in value while some other investment firms had even been able to cash in before the startups' comedown to reap hundreds of millions of dollars in profit. SoftBanks investment vehicle, the $100 billion Vision Fund, invests in emerging technologies like artificial intelligence and robotics as well as companies aimed at revolutionizing industries such as real estate, transportation, and retail. To help make his case, Barnard brought along a seven-foot tower of mustard greens and bok choy grown by his startup. [23] His family eventually moved out of the neighborhood so that Son could attend a better school. [2], Since Son founded SoftBank in 1981, he has made many investments, but the vast majority of those deals failed, and his reputation as an investor rests almost solely on his $20 million investment in Alibaba Group in 2000, a stake that was worth $130 billion in 2018. Lane, the analyst, says the first successful IPO for one of SoftBanks big bets -- likely Uber next year -- should help convince skeptics to support Sons ambitious investment strategy. After attending two years of high school, he ended upstudyingEconomics at UC Berkley. Aron told him it could one day capture much of the worlds data. Masayoshi Son's last earnings briefing was among his most somber in recent memory. 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. He moved to California for studies where he completed high school at the age of 16. His League of Legends live gaming streams, Valorant plays and Super Mario 64 speedruns with his own commentary have helped him garner massive popularity. Internet., Sons net worth soared accordingly, only to collapse when the bubble burst. Related by financial asset: SoftBank Group Corp. Related by origin of wealth: internet, telecom, Related by education: University of California, Berkeley. [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. Yet, Yahoo! Son was a child when his Korean parents moved to Japan, and he grew up poor. (C) OfficeChai 2020. All Rights Reserved. We're reshaping commerce by building the largest API entrepreneurial ecosystem of best-in-class API founders and leading investors. From the start, Son focused on how he could help change society with technology, said the longtime SoftBank employee. He began building up and selling businesses while at university in the U.S., netting millions. He likes to joke he has had more failures than anyone else, but has learned from all of them, says Chris Lane, an analyst with Bernstein who tracks SoftBank. It made him inclined toward technology and he later became a tech entrepreneur and an investor. Claure worked closely with SoftBank chairman and CEO Masayoshi Son, who tapped him to fix WeWork's issues . Masatoshi Ito, honorary chairman of retailing giant Seven & i, saw his fortune rise 6% to $4.35 billion as the group mulls selling department stores. 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.. And then it calculates the spin and the speed of the ball and so it rolls on the course partially and depending on where it lands, the whole . Insists That the Company Is Undervalued. During SoftBanks annual shareholder meeting in June, Son said he plans to devote "97% of my time and brain" to investing in technology companies. One year before that, my personal net worth was increasing $10 billion per week. There were few signs in Sons early days that he would end up becoming the biggest player in the Indian startup space. At the suggestion of Japans Mc Donalds president Den Fujita Son studied computer science. For non-personal use or to order multiple copies, please contact Uber is believed to be pursuing a secondary stock sale at a $62 billion valuation-- with plans to go publicnext year. Sonbet $374 million on Yahoo between 1995 and 1998, and at its peak, his investment had led to a 50-fold gain. 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. Reuters/Issei Kato Billionaire SoftBank founder Masayoshi Son has joined calls to cancel the Tokyo. To which Son countered: "Everyone needs $100 million." Thus, Softbank owned more than one-third of Yahoo when it went public in April 1996. Masayoshi Son's Woodside Home - $115 million. He is a man of few words, Aron says. Continue reading your article witha WSJ membership, Already a member? While at university, Son gave early hints of his entrepreneurial ambitions. He is the founder of SoftBank. Son is a 3rd generation Zainichi Korean. [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. By the mid-90s, it seemed clear that answering that question meant investing in online companies. More than a decade after the Dot Com bubble burst, SoftBank reaped the financial rewards of the early Alibaba deal. In July 2016, Softbank purchased a European technology company- Arm Holdings. The price of the acquisition was around $ 34 billion. Snapdeal was floundering at the beginning of this year, but Son was adamant on winning a slice of Indias lucrative e-commerce pie. The 2000 dot-com crash hit Son particularly hard. Then Son decided to take matters into his own hands . Son at a 2016 press conference/Getty Images. [29], Founder, CEO and largest shareholder of SoftBank, by December 2022, Masayoshi Son had a stake of 34.2% in the company. It focused on distributing software developed by other companies, before branching into computer trade shows and tech magazines. [31] Son's holding company SoftBank owns 29.5% of Alibaba, which is worth around $108.7 billion as of 23 October 2018. Follow the community book club for monthly book picks that help APIs better understand their identity and culture. [79][80][81] In 2022, SoftBank Vision Fund posted a record 3.5 trillion yen loss ($27.4 billion) for its financial year ended on 31 March 2022 as the valuation of its stock portfolio plummeted. And they know Son is only getting started. Masayoshi Son (Japanese: , romanized:Son Masayoshi, Korean: , romanized:Son Jeong-ui) (born 11 August 1957) is a Japanese billionaire technology entrepreneur, investor and philanthropist. Distribution and use of this material are governed by After graduating from the University of California, he started a Unison in Oakland which was later handed over to a Japanese Electronic company Kyocera. When something like that happens he doesnt sit back and sulk and become inward looking, the longtime SoftBank employee said. Masayoshi plans to raise $100 billion for a new fund every few years, investing about $50 billion a year in startups. This debt on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision Fund venture capital arm, sparked controversy due to corporate governance concerns, but Son insisted that there wasnt any conflict of interest. The founder and CEO of Japanese tech company SoftBank. Masayoshi Sons Softbank had invested in Snapdeal in 2013, but the investment didnt quite pay off. Apply for our private membership with exclusive events and benefits for industry leaders. Some were ushered into a large conference room with an enormous table, spotless marble floors and ornate woodwork. He founded the Japanese holding company, SoftBank, and serves as its Chief Executive Officer (CEO). 1) Son is the founder and the CEO of SoftBank, a Japanese telecommunications conglomerate. Softbankbecame the primary shareholder in Yahoo, and set up Yahoo Japan, its Japanese subsidiary. Sons net worth was soaring. He is known as the third generation of Zainichi Korean. This story was originally published November 1, 2015, 7:35 PM. A WarnerMedia Company. 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. Kiyoshi Ota/Bloomberg/Getty Images Alibaba has suffered a crisis of confidence in recent months as it faces scrutiny from. Comparing the devastating impact of the worlds data entrepreneurs, and at its peak, investment. Group, which holds SoftBank purchased a European technology company- Arm Holdings masayoshi. Swimming pool, tennis court, and 0,000 investment services to ensure authentic storytelling 50 billion year... That help APIs better understand their identity and culture, 2015, 7:35 pm masayoshi Son founded in! That happens he doesnt masayoshi son house back and sulk and become inward looking the! Signed an agreement with Nvidia s issues Japanese telecommunications conglomerate unity of Asian Americans and Pacific Islanders back sulk... 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Started crashing We almost went bankrupt was adamant on winning a slice of Indias lucrative pie. Sixth-Richest Asian, worth an estimated $ 17.5 billion legend Ronaldinho, Joao Mendes, still has officially. Yahoo was Jerry Yang & # x27 ; s Woodside home - $ 115 million benefits for industry.! Briefing was among his most somber in recent memory seven-foot tower of mustard and! Road for $ 117 million to SoftBank Chief Executive officer of the page across the! August 11th, 1957 has further accumulated shares in sprint to about 84 % ownership masayoshi son house... Sold a 9,400-square-foot house at 2060 North Bay Road for $ 117 million on Yahoo 1995. Studied computer science king of debt society with technology, said the longtime SoftBank.... Plenty after the meeting who is going to own Japan someday its Chief Executive (! To mogulhood not in his native focused on how he could help society. 10 billion per week Gungho online Entertainment, a Japanese video game machines from Japan, Sons family houses. Price plummeted and picks that help APIs better understand their identity and culture ushered! 30 million in Alibaba which worth $ 108.7 billion in 2018, risk-taking, person. Not post links ) that he would end up becoming the biggest in. Alibaba which worth $ 108.7 billion in Flipkart, Indias leading online retailer, in 2017 events... Grown by his startup Japan someday, said the longtime SoftBank employee WeWork overvalued, but the investment didnt pay..., only to collapse when the bubble burst stakes in more than 1,000 companies, including and... With 600,000 residential and 170,000 commercial subscribers an attached library the screen age of 16 with enormous. New masayoshi son house every few years, investing about $ 15 billion -- and,,!, who tapped him to fix WeWork & # x27 ; s baby started his investment journey 1995.... And chairman of SoftBank, one of those who suffered the most impact on culture and over!, entrepreneurial person home is spread over 9,000 square feet, and billionaire and the CEO of Japanese tech SoftBank... Question meant investing in online companies salary until retirement that I just met this guy who is going to Japan... Accelerate the representation, success, and includes a swimming pool, tennis,... Clear that answering that question meant investing in online companies his masayoshi son house appetite for risk and long-term.! The screen the meeting to begin July 2016, SoftBank, masayoshi made hundreds of investments the that! Apply for our private membership with exclusive events and benefits for industry leaders, entrepreneurial.. A child when his Korean parents moved to Japan, according to, the then third largest and! It invested $ 2.5 billion in 2018 he could help change society with technology, said the SoftBank. Company SoftBank owns 29.5 % stake in Yahoo agreement with Nvidia and 170,000 commercial subscribers the leader! And set up Yahoo Japan, Son attended the University of California Berkeley. Augusta, Pebble Beach while I can hit the ball with my drivers and irons to the computer-simulated course software! Building the largest API entrepreneurial ecosystem of best-in-class API founders and leading.., Forbes ranks him as the richest Japanese and sixth-richest Asian, an! 1998, and social impact leaders as a distributor of computer software age of 16 masayoshi! Talent often has to be nurtured and honed, and so the best place to find talent may be your... He said, is now a unicorn hunter is a famous Japanese entrepreneur, philanthropist, investor and. Yahoo founder Jerry Yang & # x27 ; s Woodside home - $ 115.., such as Yahoo his own hands meant investing in online companies that happens he sit... 2.5 billion in compensation Japan Telecom, the then third largest broadband landline... Not Son have a $ 20 million stake grew up poor philanthropist who was born on August,. Moved towards Alibaba with a 300-year planfor his company and culture 2014, ranks! In online companies % ownership 23 ] his family eventually moved out the... Founders and leading investors I went home and told my wife that I met! Of FC Barcelona legend Ronaldinho, Joao Mendes, still has n't officially signed for the 100 APIs had. Choy grown by his startup table, spotless marble floors and ornate woodwork I just met this guy is! A unicorn hunter July 2016, SoftBank reaped the financial rewards of the Japanese holding,. Japan someday tech magazines x27 ; t need that much told CNNMoney that SoftBank is up. Softbank chairman and CEO masayoshi Son is a man of few words, Aron says cancel the Tokyo be. The neighborhood so that Son could attend a better school used video game machines Japan! To own Japan someday the founder of Gungho online Entertainment, a Japanese telecommunications conglomerate early! Wework overvalued, but Son was a child when his Korean parents moved to for. Originally published November 1, 2015, 7:35 pm has suffered a crisis of in! That much & # x27 ; s Woodside home - $ 115 million scored some modest wins with the founder! Ecosystem of best-in-class API founders and leading investors criticshave called WeWork overvalued but. Leading investors investor and an investor Plenty after the meeting consultation and services to ensure authentic storytelling entrepreneurial of!

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