[citation needed] In June 2020, Son stepped down from the Alibaba board. Son has made his fortune, lost it all, built it up again, and at the age of 60, is still raring to go. Multiple investors said startups may feel pressure to accept SoftBanks funding regardless of whether they want it, simply to prevent SoftBank from handing that money to a rival and upending the market. Mohit Aron, founder and CEO of the data storage startup Cohesity, remembers Son staying silent throughout much of his pitch. [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. 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.. The Japanese billionaire and SoftBank founder Masayoshi Son 's bullish bets on tech stocks helped him make $12 billion in profits for the June quarter while his technology investment firm racked . For this action and other similar ones, Son is considered to be a role model for ethnic Korean children in Japan. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry Ellison and Saudi Arabia's sovereign fund. 35% of Son's total stake . Its persistence like this thats helped the young fan become the most influential player in Indias startup ecosystem. [27], Son used his family's adopted Japanese surname for much of his childhood. Masayoshi Son (Japanese: , romanized: Son Masayoshi, Korean: , romanized: Son Jeong-ui) (born 11 August 1957) is a Japanese billionaire technology entrepreneur, investor and philanthropist.A 3rd generation "Zainichi Korean", he naturalized as a Japanese citizen in 1990.He is the founder, chairman and chief executive officer (CEO) of the Japanese holding company SoftBank, CEO . 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. For three minutes, Son, Its persistence like this thats helped the young fan become the most influential player in Indias startup ecosystem. SoftBank declined to make Son available for this article. At the suggestion of Japans Mc Donalds president Den Fujita Son studied computer science. When Son did speak, it was to ask Aron how much bigger he thought the company might really grow with an infusion of capital. [47] However, it also invested in companies supposedly focused on revolutionizing real estate, transportation, and retail. [90] They have two daughters. 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. "[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]. But its not just Snapdeal, Paytm and Flipkart Softbank also is the biggest investor in Ola, and is also an early investor in InMobi. 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. BroadBand in September 2001 with Yahoo! 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. 2017 Cable News Network. Its launched a $100 billion Vision Fund, through which it aims to steer the course of technological development for the planet. Heres this young, little kid coming into my office with a business plan that really made a lot of sense. He raised another 1.5 million this way. [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. It made them face bad consequences. His Silicon Valley . 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? Later he moved towards Alibaba with a $ 20 million stake. 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. Son at a 2016 press conference/Getty Images. Masayoshi Nishida Masafumi Tamura: November 17, 2021 () As Lugh continues his life as Illig Balor, he comes up with the idea of opening a cosmetics shop in Milteu in order to . Sign-up for simple yet meaningful ways to support the API community - delivered straight to your inbox. For Japanese billionaire Masayoshi Son, Neumann was the prodigal son he never had, with a wild-eyed vision to rival Son's own. Number of shares held 460,161,164 shares As of March 31, 2022 Related Contents Message from Chairman & CEO CEO MessageSoftBank Group Report 2022 Credit Karma Success Story, About Founder & FAQs, BYD Auto | Success Story of the Leading Automotive Company, Naveen Tewari | Indian entrepreneur in mobile advertising and technology platform, Tony Robbins | Struggle story of an American author, Mother Teresa | Story of angle of the slums, Sunitha Krishnan | Success story of a Social Activist, Cristiano Ronaldo | Highest paid athlete of the World. 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. Softbank was a software distributor at the time, selling packaged software to Japanese clients. Masayoshi Son's last earnings briefing was among his most somber in recent memory. and Alibaba, of which SoftBank reportedly owns nearly 30%. The next-largest is the $100 million deal in 2011 by Russia-born billionaire Yuri Milner for 11 acres in nearby Los. 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. We're reshaping commerce by building the largest API entrepreneurial ecosystem of best-in-class API founders and leading investors. 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. 4,841 stories Al Jazeera . Japan Corporation and Alibaba Group Holding Limited and as the chairman of Arm Limited. He made another $1.5 million by importing used video game machines from Japan, on credit and installing them in dormitories and restaurants. SoftBanks C.E.O. 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.. He was born in Tosu, Saga, Japan, and naturalized as a citizen of Japan in 1990. He also has announced to donate the rest of his salary until retirement. Then Son decided to take matters into his own hands . As of August 2014, Forbes ranks him as the richest Japanese and sixth-richest Asian, worth an estimated $17.5 billion. (, 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? Some, like Yahoo and Alibaba, paid off handsomely, helping overshadow losses from notable flops like Kozmo and Webvan. | The narrative of SoftBank founder Masayoshi Son has a happier ending, albeit after more ups and downs than the wooden roller-coaster at the PNE. One year before that, my personal net worth was increasing $10 billion per week. [37] However, the deal with Nvidia failed as announced in February 2022. 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. SoftBank has further accumulated shares in Sprint to about 84% ownership. With the help of some professors, Son created an electronic translator that he sold to Sharp Corporation for $1.7 million. Note: VirtualGlobetrotting is an entertainment website is and is not associated He finished high school in three weeks by taking the required exams at Serramonte High. 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. 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 . While Son didnt have a formal education in engineering or technology, he appeared to intuitively undersand how to sell it. He doesnt say much. Yet, Yahoo! 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. 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. 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