His father raised pigs and chickens on that land, and started an illegal sake business that eventually became successful enough for his family to become the first people in town to own a car. 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. Son's grandfather, Son Jong-kyung, moved from Daegu to Japan during the Japanese colonial period, where he worked as a miner. Zainichi Koreans are ethnic Koreans with permanent residency or citizenship in Japan. Masayoshi Son was born as the second of four sons in Tosu (鳥栖市, Tosu-shi), a city in the eastern part of Saga Prefecture on the island of Kyushu, Japan. He had for many years the distinction of being the person who had lost the most money in history (more than $59bn during the dot com crash of 2000 alone, when his SoftBank shares plummeted), a feat surpassed by Elon Musk in the following decades due to the volatile nature of the stock market, the shortcomings of financial risk and unavoidable changes in asset valuation. Īs of 2023, Son ranks 69th on the Forbes list of The World's Billionaires and is #239 on the Bloomberg Billionaires Index. In the 2018's ranking, he was placed on the 55th position. In 2013, Son was named the world's 45th most powerful person by Forbes Magazine's List of The World's Most Powerful People. Known for his eccentricity and criticized because of his hubris, his sanity has been questioned in the media prompting him to reply with humorous assent. A controversial figure, Son has been called a gambler, mocked by some specialized media and dubbed the worst investor ever. However, after a number of high-profile setbacks, Son's investing strategy in the first and second SoftBank Vision Funds established in 20, has been described as one reliant on the greater fool theory. made him noted worldwide as a stock investor. into an investment management firm called SoftBank Group Corp. The morphing of his own telecom company SoftBank Corp. SoftBank's 27 percent stake in Alibaba was worth $132 billion in 2018, including additional purchases of the stock since 2000. 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 grew to a paper valuation of about $50 billion at the Alibaba IPO in 2014. Poor investment decisions of Masayoshi Son’s SoftBank Group led to a panoply of losing investments across the history of the company. (SBG), a strategic technology-focused investment holding company, as well as chairman of UK-based Arm Holdings. He is the founder, representative director, corporate officer, chairman & CEO of SoftBank Group Corp. A 3rd generation " Zainichi Korean", he naturalized as a Japanese citizen in 1990. 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.
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