Masayoshi Son Net Worth | Celebrity Net Worth
What is the Net Worth of Masayoshi Sun?
Masayoshi Son is a billionaire Japanese tech entrepreneur, investor and philanthropist who has a net worth of $30 billion. Masayoshi Son is the founder and CEO of the multinational holding company SoftBank. Masayoshi Son owns about 25% of SoftBank, which is invested in about a thousand Internet businesses.
Son has pledged 94 million shares as collateral against debt. He also serves as the chairman of the British company Arm Holdings, which his company bought in 2016. Despite losing the most money in history to anyone due to the 2000 dot com crash, Son remains one of the richest people in the world.
Early life and beginning of career
Masayoshi Son was born on 11 August 1957 in Tosu, Saga, Japan. He is a third generation Zainichi Korean, which means he is ethnically Korean and is a naturalized Japanese citizen. He has three brothers, including Taizo Son, who also went on to become a serial investor and entrepreneur. The son was not always so rich; He was raised in a poor farming family who lived among sheep and pigs. After working at McDonald’s in Japan, he left to complete his education in California. There, he completed his high school studies at Serramonte High, living with family and friends in San Francisco. Son went on to attend the University of California, Berkeley as an engineering major.
Son started his first business venture while still a student at Berkeley. With the help of some school professors, he built an electronic translator which he managed to sell to Sharp Corporation for $1.7 million. He made equally significant money by importing used video game machines from Japan and installing them in restaurants and college campuses. After graduating from Berkeley in 1980 with a bachelor’s degree in economics, Son launched the company Unison in Oakland. Upon his return to Japan, Son decided to permanently use his Korean surname instead of Yasumoto’s family’s adopted surname, to become a role model for other ethnically Korean children in Japan.
In 1981 at the age of 24, Son founded the Tokyo-based company SoftBank, which began as a software distributor. The next year, it made Oh! entered the publishing business with the launch of! MZ and Oh! PC magazines, which used to cover Sharp and NEC computers, respectively. The company went public in 1994 at a value of $3 billion. SoftBank continued to expand rapidly in the years to come. In 1995, it bought media conglomerate Ziff Davis for $2.1 billion, and computer expo trade show COMDEX for $800 million. son yahoo! Including used his money to invest in early Internet services, with which he formed a joint venture in 1996. A few years later, he created a $20 million stake in Chinese technology company Alibaba, which turned into a . A $60 billion stake when Alibaba later went public in 2014.
In October 1999, SoftBank became a holding company. It invests primarily in the energy, technology and financial sectors, and operates the Vision Fund, the largest technology-focused venture capital fund in the world. Typical areas of operation of SoftBank include fixed line telecommunications, e-commerce, marketing and information technology. The group is the second largest publicly traded company in Japan after Toyota.
In 2016, SoftBank bought British semiconductor and software design company Arm Holdings for $34 billion, the largest-ever purchase by a European technology company. Arm’s primary business is the design of CPUs and other chips, software development tools, and systems and platforms. Its processor design is used in everything from computers to smartphones and security systems. The company also manufactures AI accelerator chips for neural network processing. In addition to these operations, Arm also serves as a holding company. In September of 2020, it was announced that US-based chip-maker Nvidia would buy Arm from SoftBank for $40 billion, with SoftBank acquiring a 10% stake in Nvidia in the process.
SoftBank maintains a $100 billion Venture Capital Vision Fund, which invests in emerging technologies such as artificial intelligence, robots and the Internet of Things. Additionally, it invests in companies that are striving to revolutionize transportation, real estate and retail. Son intends to raise $100 billion for a new fund every few years, with a goal of investing about $50 billion per year in startups. Companies in which Vision Fund has invested include Didi, Grab, Paytm, Uber, Doordarshan, Coupang and WeWork.
Other purchases and investments
Among many of Son’s other investments, he owns 76% in Sprint, which has grown to about 84% through further accumulated shares of SoftBank. It is also heavily involved in solar power, having invested in the largest solar project ever since the 2011 Fukushima Daiichi nuclear disaster. A 200GW project is planned for Saudi Arabia as part of the country’s Vision 2030 plan.
Through SoftBank, Son owns the professional Japanese baseball team Fukuoka SoftBank Hawks, formerly the Nankai Hawks and Fukuoka Dai Hawks. The franchise has won several Japanese Series championships and Pacific League titles.
Personal life and philanthropy
While in college at Berkeley, the son met his wife, Masami Ohno. The couple have two daughters, and live in a three-story, $50 million mansion in Tokyo that features a state-of-the-art temperature-controlled golf course. Son also owns a house in Woodside, Calif., which he bought for $117 million.
Son bought the Tiffany Building in Ginza for $326 million.
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