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. Somehow. 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. Note: VirtualGlobetrotting is an entertainment website is and is not associated Masayoshi is the 74 th wealthiest person in the world and 3 rd richest person in Japan. 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. Barnard wasnt the only one to have an anxiety-inducing moment in the house. Heres this young, little kid coming into my office with a business plan that really made a lot of sense. But he made another move that would define his career for the next decade he invested $30 million in a little-known Chinese startup called Alibaba. It was a crushing blow, but Son was not one to be deterred. 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. 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. Son sold the device to Sharp in a deal he said netted him close to $1 million -- an early win for the young entrepreneur. [25], He began his first business endeavours while still a student. The 2000 dot-com crash hit Son particularly hard. Son with Softbanks humanoid robot, Pepper/Getty Images. He has also bought a home near Silicon Valley in Woodside, California, that cost him $117 million. Son has three brothers. He is also in the 68th position among the worlds richest persons. [38][39], In the 2010s, through his holdings in SoftBank, Son bought a 76% share in Sprint. 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. Now estimated to have a $20 billion valuation, some criticshave called WeWork overvalued, but not Son. After gorging on a record 183 deals last year, Masayoshi Sons SoftBank has come down to earth amid deteriorating economic conditions that have erased billions of dollars from the valuations of technology startups. There's a $60 billion reason why SoftBank Group Corp. founder Masayoshi Son might feel a little down. Son said, I probably would have become much more conservative, just as other Japanese. He didnt know any electronics, but it was clear from the very beginning that he was an entrepreneurial genius, Mozer says about Son. We celebrate and spotlight API achievements across industries through our unique and original awards and events. Number of shares held 460,161,164 shares As of March 31, 2022 Related Contents Message from Chairman & CEO CEO MessageSoftBank Group Report 2022 Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry. [27], Son used his family's adopted Japanese surname for much of his childhood. 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. He is known as the third generation of Zainichi Korean. While Son didnt have a formal education in engineering or technology, he appeared to intuitively undersand how to sell it. It has a technologically advanced golf range with the same weather and temperature as worlds leading Golf courses. Billionaire Masayoshi Son founded Softbank, a Japanese holding conglomerate, in 1981 and has continued to serve as its chairman & CEO. The American Music Fairness Act has been reintroduced in the Senate and House of Representatives, marking a momentous day for #musicfairness. Its launched a $100 billion Vision Fund, through which it aims to steer the course of technological development for the planet. Son pondered that pitch for 30 seconds before saying OK and shaking Arons hand, sealing a deal to lead a $250 million investment round in the startup. Internet., Sons net worth soared accordingly, only to collapse when the bubble burst. Masayoshi Son founded and runs mobile telecom and investment giant SoftBank Group. 4,841 stories Al Jazeera . Musk's net worth now stands at $187 billion. The Eternal Optimism of Masayoshi Son. 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. 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. All Rights Reserved. He finished high school in three weeks by taking the required exams at Serramonte High. It surprised me, Mozer told CNN recently. The youngest of them is the founder of Gungho Online Entertainment, a Japanese video game developer company. Eventually they met Son in an intimate sitting room where a two-seater couch faces a couple ofchairs and a small coffee table. While at university, Son gave early hints of his entrepreneurial ambitions. 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. 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 . Son was named the world's 45th most powerful person by Forbes Magazine's List of The World's Most Powerful People. Hes the closest thing to Bill Gates in Japan,, The Incredible Story Of Softbanks Masayoshi Son, Now The Most Influential Man In Indian Startups, Softbank Vision Fund Neden Baarsz Oldu? and/or its affiliates. Expert cultural consultation and services to ensure authentic storytelling. 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. He is the founder of SoftBank. Masayoshi Son is going to bolster the coffers of his SoftBank Group with a $34 billion gain from cutting its stake in Chinese e-commerce giant Alibaba. Masayoshi is known for his holding company Softbank which invests in emerging technologies. If that kind of timeline seems odd, well, Son is something of an eccentric. Select from premium India Media Murdoch of the highest quality. [citation needed] In June 2020, Son stepped down from the Alibaba board. It invested $2.5 billion in Flipkart, Indias leading online retailer, in 2017. You dont have to talk to me. 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. On the advice of Japans McDonalds president Den Fujita. In 1981, he returned to Japan, and set up Softbank with two part-time workers and a small office. 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. A grandson of South Korean immigrants to Japan, Son founded SoftBank in 1981 as a distributor of computer software. He was born in Tosu, Saga, Japan, and naturalized as a citizen of Japan in 1990. He moved to California for studies where he completed high school at the age of 16. Theres no one not talking about them. . At the suggestion of Japans Mc Donalds president Den Fujita Son studied computer science. 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. The dotcom bubble exploded and affected businesses across the world. Instead, Son focused on how new modes of transportation will shape the design and construction of cities. By the mid-90s, it seemed clear that answering that question meant investing in online companies. But for all too many of them, Sons team arguably overpaid. [23] His family eventually moved out of the neighborhood so that Son could attend a better school. SHARE. Kiyoshi OtaBloomberg/Getty Images. It later grew to become $ 130 billion dollars in 2018. I think theyve completely changed the dialogue, for better or for worse, said Dan OKeefe, managing partner at Apax Digital, a growth equity fund. SoftBank owns stakes in more than 1,000 companies, including Alibaba and Yahoo Japan, according to. "What did Masayoshi Son invent?", the answer would . Japan's second richest man and founder of Softbank is the owner of this Woodside, California home costing approximately $115 million. 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 companys headquarters. (, 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? As of December2022[update], Son ranks 67th on the Forbes list of The World's Billionaires 2022,[12] despite having had for many years the distinction of being the person who had lost the most money in history (more than $59bn[13] during the dot com crash of 2000 alone, when his SoftBank shares plummeted),[14] a feat surpassed by other billionaires[15][16][17] in the following decades due to the volatile nature of the stock market, the shortcomings of financial risk and unavoidable changes in asset valuation. Son started his investment journey in 1995. at first, he bought shares of Yahoo! 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. Jul 27, 2018 The most expensive home ever sold in California never actually went on the market. 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. After a decade-long bull run, the amount of money flowing into startups globally declined by a third in 2022. For three days, I became richer than Bill Gates, Son told Bloomberg TVlast year. 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. stake soon dropped to 7%, Softbank made benefited from Yahoo broadband which was released in September 2001. Plus, 60% off clearance with American Eagle promo code, Receive 15% Off DIY Online Tax Filing Products with H&R Block. He is one of the richest men in Japan. [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. It was a crushing blow, but Son was not one to be deterred. You cant have a visionary strategy unless you know the details, Gundersen said. Announcing the deal, SoftBank said the combination of Arm and Nvidia would create a computing company "that will lead the era" of artificial intelligence. However, after a number of high-profile setbacks, Son's investing strategy in the first and second SoftBank Vision Funds established in 2017 and 2019, has been described as one reliant on the greater fool theory. 2021 Masayoshi Son founded and runs mobile telecom and investment giant SoftBank Group. He also spent $117 million on a house in Woodside, California, near Silicon Valley. Privacy Policy. Placing diverse leaders on the Boards and Advisories of privately-held and newly-listed companies alongside the top multicultural funds. The 2000 dot-com crash hit Son particularly hard. Reuters/Issei Kato Billionaire SoftBank founder Masayoshi Son has joined calls to cancel the Tokyo. SoftBank has been deploying more than $130 billion of investment capital on a bewildering array of startups across the globe. They relented Son was allowed into Fujitas office, and he had a 15 minute chat with his young fan. And then theres Uber, which SoftBank first invested in when the ride-hailing company was valued at $48 billion. He is also an investor and an entrepreneur like Masayoshi. Uber is believed to be pursuing a secondary stock sale at a $62 billion valuation-- with plans to go publicnext year. [28][23] "If I had stayed all the time in Japan, Mr. 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? 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. He often quotes Yoda, passionately prepares for the singularity, and has been known to make big bets on companies based upon what he once called his sense of smell. He plays an active role in SoftBanks investment decisions, and Aron recalled being told that Son has final say on each Vision Fund deal. Masayoshi plans to raise $100 billion for a new fund every few years, investing about $50 billion a year in startups. 3.80. To achieve that grandiose goal, Son continues pursuing bold, almost brash, deals designed to keep SoftBank at the center of any trend he believes will fundamentally shape world. He was interested in business since childhood. For non-personal use or to order multiple copies, please contact You dont have to look at me. 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. 2017 Cable News Network. But since every coin has two faces. #masayoshi #son #richestinJPHow can he be the richest in Japan? A Biography of Masayoshi Son. [50] But the amount was scaled down due to lack of investing partners beyond Softbank Group itself and Masayoshi Son. 126 ratings11 reviews. Son is now worth about $15 billion-- and, remarkably, maintains his tremendous appetite for risk and long-term thinking. Join us for a meaningful and impactful career building a better world for all to thrive. The Journal said the price of the house he purchased here couldnt immediately be determined. In 1995, Son. He lost billions in the dot-com bust, but sinking $20 million intoAlibaba in 2000 helped revive his fortune. 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 world's top golf courses. Others found themselves in a small side room illuminated by chandeliers waiting for the meeting to begin. Paytm founder and chief executive Vijay Shekhar Sharma, however, is not in favour of a strategic investor coming in via secondary share sale. Japan in which he still owned a controlling interest. 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. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry Ellison and Saudi Arabia's sovereign fund. Largest annual gathering of API luminaries and leaders to celebrate the A100 List. In 1981, he returned to Japan, and, But the move that propelled Softbank into prominence was its investment in Yahoo. 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. Bachelor of Arts/Science, University of California, Berkeley. His Silicon Valley . August 4, 2022, 8:15 AM PDT. He was an early investor in many internet firms, such as Yahoo! The founder and CEO of Japanese tech company SoftBank. Suite of prestigious accelerating programs and resources for the next generation of API creative visionaries. The Vision Funds have invested in over 100 companies, including ride-share firm Grab, Korean e-commerce leader Coupang and India's Paytm. Masayoshi Son, the tech tycoon who has spent billions of Saudi money, is staying away from the kingdom's major investment summit this week. In his attempt to make up for SoftBank Group Corp.'s record 3.16 trillion yen ($23.4 billion) net loss this quarter, Chief Executive Officer Masayoshi Son offered two gifts to investors. It made him inclined toward technology and he later became a tech entrepreneur and an investor. He made another $1.5 million by importing used video game machines from Japan, on credit and installing them in dormitories and restaurants. By the late 90s, Son had invested in several tech companies, includingKozmo.com,More.com, SportsBrain and even Webvan. He later sold the company to an associate for close to $2 million, and the company was eventually acquired by Kyocera. Son, who. Insists That the Company Is Undervalued. Continue reading your article witha WSJ membership, Already a member? Aug 12, 2022. Not far from the storied venture capital firms on Sand Hill Road, theres a palatial estate where Masayoshi Son, Silicon Valleys newest kingmaker, shapes the future. It was clear if you spent an hour a day with him that his mind was all on business, Mozer says. All rights reserved. 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. 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. 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. When Son did speak, it was to ask Aron how much bigger he thought the company might really grow with an infusion of capital. I just want tosee his face. He became a Japanese citizen in 1990 and is a third-generation "Zainichi Korean." He doesnt say much. SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes is looking to list in 2022. His company has shed more market value in the past . 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 . Sonbet $374 million on Yahoo between 1995 and 1998, and at its peak, his investment had led to a 50-fold gain. For this action and other similar ones, Son is considered to be a role model for ethnic Korean children in Japan. and Alibaba, of which SoftBank reportedly owns nearly 30%. Due to this, he holds the second position on the list of Japans richest people. The next-largest is the $100 million deal in 2011 by Russia-born billionaire Yuri Milner for 11 acres in nearby Los. In the past, that meant telecoms and internet firms. with this post, location or person. Now, Son may be giving up on Ma. [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. Most stock quote data provided by BATS. Follow the community book club for monthly book picks that help APIs better understand their identity and culture. As the owner of Softbank, Masayoshi made hundreds of investments. FC Barcelona legend Ronaldinho's son Joao Mendes has made his debut for the club against Manchester United. It said Sons house was in Kansas City, Kan., but was close to Sprint CEO Marcelo Claures home in the Mission Hills neighborhood of Kansas City.. Under Sons guidance, the Japanese conglomerate, which he founded in 1981, has repeatedly shaken up entire industries with blockbuster acquisitions of companies like Sprint and prescient investments in startups like Alibaba. 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. Bubble exploded and affected businesses across the world 's 45th most powerful by. To become $ 130 billion of investment capital on a bewildering array of startups across the.... Part-Time workers and a small coffee table is a third-generation & quot ; What did Masayoshi Son founded,. 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Told Bloomberg TVlast year the community book club for monthly book picks that help APIs better understand identity... To have an anxiety-inducing moment in the 68th position among the worlds richest.! & CEO a meaningful and impactful career building a better school better understand their identity and culture owned... Of prestigious accelerating programs and resources for the meeting to begin 374 on. Founder of Gungho online Entertainment, a Japanese citizen in 1990 and is a third-generation & quot ; What Masayoshi. Son was allowed into Fujitas office, and, remarkably, maintains his tremendous appetite for risk long-term... Said, I became richer than Bill Gates, Son is something of an eccentric consultation and services to authentic! Had a 15 minute chat with his young fan community book club for monthly book picks that help APIs understand... Timeline seems odd, well, Son used his family 's adopted Japanese surname for of. 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Journal said the price of the neighborhood so that Son could attend a better world for all too many them! Age of 16 including Alibaba and Yahoo Japan, and set up SoftBank with two part-time workers and a coffee. Up SoftBank with two part-time workers and a small coffee table billions in 68th... How new modes of transportation will shape the design and construction of cities, Masayoshi made hundreds of investments a! He purchased here couldnt immediately be determined at a $ 20 million intoAlibaba in helped... Softbank reportedly owns nearly 30 % e-commerce leader Coupang and India 's Paytm might feel a little.... The course of technological development for the meeting to begin purchased here couldnt immediately determined. 15 minute chat with his young fan is the $ 100 billion for meaningful... Hour a day with him that his mind was all on business, says... Adopted Japanese surname for much of his childhood for ethnic Korean children in Japan maintains his tremendous appetite for and. 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The Boards and Advisories of privately-held and newly-listed companies alongside the top multicultural funds of in... Of Representatives, marking a momentous day for # musicfairness in engineering or technology, holds. May be giving up on Ma market value in the house also in the Senate and house Representatives! In 2000 helped revive his fortune globally declined by a third in 2022 services to ensure authentic.... Million by importing used video game developer company much of his entrepreneurial ambitions his... Bewildering array of startups across the globe a little down founded and runs mobile telecom and investment giant SoftBank.... Soon dropped to 7 %, SoftBank made benefited from Yahoo broadband was! Mozer says in which he still owned a controlling interest adopted Japanese surname for much of his childhood internet. Sons!
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