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Masayoshi Son

The native form of this personal name is Son Masayoshi. This article uses Western name order when mentioning individuals.

Masayoshi Son
孫 正義
Son in 2008
Born
Masayoshi Yasumoto (安本 正義)[1]

(1957-08-11) 11 August 1957 (age 66)
Tosu, Saga, Japan
Alma materUniversity of California, Berkeley
Occupation(s)Entrepreneur, investor, philanthropist
Known forPrincipal founder of Softbank
TitleChairman and CEO, SoftBank
SpouseMasami Ohno
Children2

Masayoshi Son (Japanese: 孫 正義, romanized: Son Masayoshi, Korean: 손정의, romanized: Son Jeong-ui; born 11 August 1957) is a Japanese billionaire technology entrepreneur, investor and philanthropist. A third-generation Zainichi Korean, he naturalized as a Japanese citizen in 1990.[2] He is the founder, representative director, corporate officer, chairman and CEO of SoftBank Group Corp. (SBG),[3] a strategic technology-focused investment holding company, as well as chairman of UK-based Arm Holdings.[4]

As an entrepreneur, he achieved notability in PC software distribution, computing-related book and magazine publishing, and telecommunications in Japan, starting in the 1980s and booming throughout the 1990s and 2000s.[5][6] Poor investment decisions of Masayoshi Son's SoftBank Group led to a panoply of losing[7] investments across the history of the company.[8][9][10][11] 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 initial investment in Alibaba Group in 2000, a stake that had grown to a paper valuation of about $50 billion[12] just before the Alibaba IPO[13] in 2014.[14] SoftBank's 27 percent stake in Alibaba was worth $132 billion[15] in 2018, including additional purchases of the stock since 2000.[16][17] 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. 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.[18] A controversial figure,[19][20][21] Son has been called a gambler,[22] mocked by some specialized media[23] and dubbed the worst investor ever,[24][25] being known for eccentricity[26] and criticized because of his hubris.[27][28]

In 2013, Son was placed 45th on the Forbes magazine's list of the World's Most Powerful People.[29] In the 2018's ranking, he was placed on the 55th position.[30]

As of July 2024, Son ranks 49th[31] on the Forbes's list of The World's Billionaires and is #110[32] on the Bloomberg Billionaires Index. He had for many years the distinction of being the person who had lost the most money in history (more than $59bn[33] during the dot com crash of 2000 alone, when his SoftBank shares plummeted),[34] a feat surpassed by Elon Musk[35][36][37] in the following decades.

  1. ^ "SoftBank's Son stands up to anti-Korean bigotry in Japan". Nikkei Asia. 27 August 2015.
  2. ^ "[인물 프로필] 거지소년 손정의(孫正義) 재일교포 일본서 돈 번 비결, 소프트뱅크 세계 최대 IT 재벌 인생 스토리" [[Person Profile] Son Jeong-ui]. 글로벌이코노믹 (in Korean). 4 July 2019. Retrieved 2 May 2021.
  3. ^ Ltd, Arm. "Board of Directors". Arm | The Architecture for the Digital World. Retrieved 24 March 2023.
  4. ^ "Masayoshi Son's $58 Billion Payday on Alibaba". Bloomberg.com. 8 May 2014. Archived from the original on 12 June 2018. Retrieved 11 December 2017.
  5. ^ Webber, Alan M. (1 January 1992). "Japanese-Style Entrepreneurship: An Interview with Softbank'S CEO, Masayoshi Son". Harvard Business Review. ISSN 0017-8012. Retrieved 10 June 2023.
  6. ^ "SoftBank's Masayoshi Son won iPhone exclusivity after pitching Apple cellphone to Steve Jobs". AppleInsider. 13 March 2014. Retrieved 10 June 2023.
  7. ^ Chadha, Amrit (4 August 2020). "Lost Vision: The Many Failures of Masayoshi Son". The Pangean. Retrieved 7 June 2023.
  8. ^ "SoftBank's Top 10 Worst Startup Investments - ValueWalk". www.valuewalk.com. 10 March 2020. Retrieved 20 April 2023.
  9. ^ 'Too much guts, sometimes I lose a lot of money', SoftBank's Masayoshi Son tells Alibaba's Jack Ma, 6 December 2019, retrieved 8 May 2023
  10. ^ "SoftBank Vision Fund Posts Record Loss Despite Masayoshi Son Foreseeing Disaster". Observer. 11 May 2023. Retrieved 13 May 2023.
  11. ^ "As SoftBank's Masayoshi Son jumps on the AI bandwagon, where will he take his chip business?". Yahoo Finance. 20 June 2023. Retrieved 21 June 2023.
  12. ^ "Alibaba IPO highlights SoftBank's value dilemma". Reuters. 22 September 2014. Retrieved 14 June 2023.
  13. ^ Pisani, Bob (27 August 2014). "Alibaba IPO likely happening late September". CNBC. Retrieved 6 May 2023.
  14. ^ "Alibaba IPO: Why List in the U.S.?". Investopedia. Retrieved 6 May 2023.
  15. ^ Merced, Michael J. de la (13 July 2018). "Investing in SoftBank Is Becoming a Bet on Its Founder's Deal-Making Prowess". The New York Times. ISSN 0362-4331. Retrieved 6 May 2023.
  16. ^ "Inside the eccentric, relentless deal making of SoftBank's Masayoshi Son". Los Angeles Times. 2 January 2018.
  17. ^ "Mega-IPO to rekindle the 'bromance' behind Alibaba's rise". CNBC. 27 August 2014. Retrieved 6 May 2023.
  18. ^ Williams, Oscar (11 August 2022). "The dangerous approach of SoftBank's Masayoshi Son". New Statesman. Retrieved 2 September 2022.
  19. ^ "Masayoshi Son: Inside the eccentric world of the controversial Japanese billionaire investor". The Independent. 15 January 2018. Retrieved 24 November 2022.
  20. ^ Mistry, Jigar (22 November 2022). "SoftBank: Fallacies of past performance; learnings from SoftBank". The Economic Times. Retrieved 24 November 2022.
  21. ^ "SoftBank blazes a trail in losing money on tech bets". Financial Times. 13 November 2022. Retrieved 20 December 2022.
  22. ^ Pollack, Andrew (19 February 1995). "A Japanese Gambler Hits the Jackpot With Softbank". The New York Times. ISSN 0362-4331. Retrieved 21 February 2023.
  23. ^ "Some suggested slides for SoftBank". Financial Times. 10 November 2022. Retrieved 11 November 2022.
  24. ^ "First Bitcoin, Now WeWork: Is Masayoshi Son the Worst Investor Ever?". CCN.com. 26 September 2019. Retrieved 11 October 2022.
  25. ^ "SoftBank's Woes: A Deep Dive". ARPU!. 24 May 2022. Retrieved 21 February 2023.
  26. ^ "Inside the Eccentric, Relentless Deal-Making of Masayoshi Son". Bloomberg.com. 2 January 2018. Retrieved 19 May 2023.
  27. ^ Schleifer, Theodore (6 December 2017). "SoftBank's Masayoshi Son is about to make either himself or you look like a fool". Vox. Retrieved 19 May 2023.
  28. ^ Chowdhury, Hasan. "SoftBank's founder compared himself to Jesus and Yoda. His tech fund lost a record $32 billion this year". Business Insider. Retrieved 19 May 2023.
  29. ^ Caroline Howard. "No. 45: Masayoshi Son - In Photos: The World's Most Powerful People: 2013". Forbes. Archived from the original on 11 October 2017. Retrieved 4 September 2017.
  30. ^ "Masayoshi Son". Forbes. Retrieved 12 May 2023.
  31. ^ Forbes.com Retrieved 13 May 2022
  32. ^ "Bloomberg Billionaires Index". Bloomberg.com. 18 May 2023. Retrieved 19 May 2023.
  33. ^ "The biggest and fastest net-worth losses of our time". fortune.com. Retrieved 1 January 2023.
  34. ^ Sorkin, Andrew Ross (13 December 2010). "A Key Figure in the Future of Yahoo". The New York Times. Archived from the original on 21 May 2012. Retrieved 7 April 2012.
  35. ^ "Elon Musk becomes first person ever to lose $200 billion". 1 January 2023. Retrieved 1 January 2023.
  36. ^ "Elon Musk breaks world record for 'worst loss of fortune,' Guinness says". Washington Post. ISSN 0190-8286. Retrieved 12 January 2023.
  37. ^ "How Elon Musk, Mark Zuckerberg and the World's 500 Richest Billionaires Lost $1.4 Trillion in a Year". Bloomberg.com. 29 December 2022. Retrieved 12 February 2023.

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