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Masayoshi Son, the founder, chairman, and CEO of SoftBank Group, was once the richest man in the world, he had surpassed the wealth of billionaires like Bill Gates, Jeff Bezos, Mukesh Ambani, and Gautam Adani. However, after reaching the top spot in wealth, he faced a major loss of Rs 5.85 lakh crore (USD 70 billion), due to the stock market crash. Today, his net worth has fallen down to $23 billion,which is much less than Mukesh Ambani’s $92 billion and Gautam Adani’s $50 billion.
Masayoshi’s upbringing was not like traditional families. His father was involved in illegal businesses, yet his family was the first who bought a car in their town. After completing his early education in Japan, Son moved to the U.S. to continue his studies. He graduated from Berkeley in 1980 with a degree in Economics. Soon after higher education he launched his own video game company, Unison World, which he later sold for $2 million.
With the money from his first business venture, Son founded SoftBank in 1981, marking the beginning of his journey as a tech investor. Son made very early investments in companies like Yahoo and Alibaba, which made him to the top of the global wealth rankings. At one point, Son’s net worth climbed to $78 billion, making him the richest person in the world.
However, his time as the world’s wealthiest was short-lived. After a stock market crash his wealth went down from $78 billion (Rs 5.85 lakh crore) to just $8 billion. Many of Son’s high-profile investments underperformed, due to which he faced major losses.
Despite these setbacks, Son bounced back after acquiring Vodafone Japan in 2006. Masayoshi Son re-established himself as one of the richest individuals in Japan.Today, Masayoshi Son is still one of Japan’s wealthiest individuals, with a net worth of around $23 billion.
He also manages the Vision Funds, which have attracted investments from global giants like Apple, Qualcomm, Foxconn, Larry Ellison, and Saudi Arabia’s sovereign wealth fund.
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