BB acquired Japan Telecom, the then third largest broadband and landline provider with 600,000 residential and 170,000 commercial subscribers. Masayoshi Son is a Japanese billionaire renowned for his interest in emerging technology companies. "[87], By November 2022, according to the Financial Times, Masayoshi Son personally owed SoftBank $4.7bn because of growing losses on the Japanese conglomerates technology bets, which have also rendered the value of his stake in the groups second Vision Fund worthless. SoftBank has further accumulated shares in Sprint to about 84% ownership. The 2000 dot-com crash hit Son particularly hard. And they know Son is only getting started. Sprint employees perhaps will soon be seeing more of Masayoshi Son around the Overland Park headquarters. Now, Son may be giving up on Ma. Masayoshi Son (bahasa Jepang: , Hepburn: Son Masayoshi, bahasa Korea: Son Jeong-ui; lahir 11 Agustus 1957) adalah Pengusaha asal Jepang dan Pendiri / Sekarang Chief Executive Officer dari SoftBank, dan Chief Executive Officer dari SoftBank Mobile.Menurut Majalah Forbes,kekayaanya US $18.2 Miliar pada tahun 2014,dan merupakan orang terkaya di Jepang saat ini, Masayoshi Son . Son is now worth about $15 billion-- and, remarkably, maintains his tremendous appetite for risk and long-term thinking. Son sits on an investment committee that performs a final review of potential investments. 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 . Yahoo! Its persistence like this thats helped the young fan become the most influential player in Indias startup ecosystem. Based on over twenty years of in-depth interviews and study, Atsuo Inoue brings Son's story to life in this . Bernard Arnault Success Story | CEO of LVMH | Investor, Andy Jassy Success Story CEO of Amazon | Facts | Life Lessons, Paytm Success Story Founder, Funding| Case Study, Tim Cook Success Story | CEO of Apple Journey & Biography, Kishore Biyani | Success story of Indias Modern Retail King, Jawed Karim Success Story | Co-Founder of YouTube, Sean Parker Success Story | Entrepreneur and Philanthropist, Cameron Diaz | Success Story of the Globally-Recognized Actress, Vin Diesel | Success Story of the Multifaceted Artist, Rachel McAdams | Success Story of the Oscar-Nominated Actress, OYO Success Story | Case Study | Business Model | Facts & More, Lenskart Success Story | Indias #1 Eyewear Brand. 2021 Later he moved towards Alibaba with a $ 20 million stake. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. [24], He left to study in the U.S. on the advice of Den Fujita. Heres this young, little kid coming into my office with a business plan that really made a lot of sense. The deal done, Son led Aron to the front door and bid him goodbye. That investment yielded a 60% returnwhen Walmart bought the company less than a year later in a deal that reportedly pegged SoftBanks stake at $4 billion. [36][32], In 2020, SoftBank Group agreed to sell U.K. chip designer Arm Limited to U.S. chip-maker Nvidia in a cash and stock deal initially worth $40 billion. The youngest of them is the founder of Gungho Online Entertainment, a Japanese video game developer company. (, 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? [22] Son's grandfather, Son Jong-kyung, moved from Daegu to Japan during the Japanese colonial period, where he worked as a miner. Matt Barnard remembers time moving slowly in that side room as he awaited his chance to convince a man he described as larger than life to bet on his indoor farming startup, Plenty. Hes the closest thing to Bill Gates in Japan,, The Incredible Story Of Softbanks Masayoshi Son, Now The Most Influential Man In Indian Startups, Softbank Vision Fund Neden Baarsz Oldu? How billionaire Masa Son is shaking up Silicon Valley By Seth Fiegerman Not far from the storied venture capital firms on Sand Hill Road, there's a palatial estate where Masayoshi Son, Silicon. 12. Note: VirtualGlobetrotting is an entertainment website is and is not associated [30], Son was an early investor in internet firms, buying a share of Yahoo! On the advice of Japans McDonalds president Den Fujita. 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. But later everything fell in place. [40][41], In response to the Fukushima Daiichi nuclear disaster in 2011, Masayoshi Son criticized the nuclear industry for creating "the problem that worries Japanese the most today"[42] and engaged in investing in a nationwide solar power network for Japan. . WeWorkcontrolled by billionaire Masayoshi Sons SoftBank Grouphas unveiled its flagship office tower in Singapore as the company expands in the Asian financial hub, which is among its fastest growing markets. Billionaire Masayoshi Son founded Softbank, a Japanese holding conglomerate, in 1981 and has continued to serve as its chairman & CEO. [23], Son pursued his interests in business by securing a meeting with Japan McDonald's president Den Fujita. In December 2016 at Trump Tower, Son promised that SoftBank would lead $50 billion in investments in U.S. companies and create 50,000 jobs. He has been a wise investor - his early stakes in computing, then brands like Microsoft, Yahoo! 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. Later, they married and had two daughters. [Illustration:. [51][52], As of 2020, the first fund had invested in 88 companies including Coupang,[53] Didi,[54] Doordash,[55] Fanatics,[56] Grab,[57] Oyo,[58] Paytm[59] Uber,[60] and WeWork,[61] but had experienced an awkward fall from grace[62][63][64][65] as the COVID-19 pandemic and a Chinese anti-monopoly crackdown[66] accelerated the exposure of the Japanese investment management conglomerate's portfolio weaknesses. The entrepreneur, who was very favorable toward us, basically couldnt say no, Sandell said. Apart from owning Softbank and mobiles, he is also the chairman of UKs Arm holdings. 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Mohit Aron, founder and CEO of the data storage startup Cohesity, remembers Son staying silent throughout much of his pitch. It said Sons house was in Kansas City, Kan., but was close to Sprint CEO Marcelo Claures home in the Mission Hills neighborhood of Kansas City.. Rival venture capitalists complain that Son and his immense VC fund wield an unprecedented ability to inflate startup valuations and pressure companies to take money they may not need -- or want. Marketing and community activations to ensure the successful debut of creative projects. He is the chief executive officer of the Japanese conglomerate Softbank Group, which holds . Masayoshi Son (Japanese: , romanized:Son Masayoshi, Korean: , romanized:Son Jeong-ui) (born 11 August 1957) is a Japanese billionaire technology entrepreneur, investor and philanthropist. It was just tall enough, it turned out, to whack one of the chandeliers. [83] In August 2022, Masayoshi Son said he was embarrassed and ashamed when asked to talk about the way he had run the SoftBank Vision Fund[84][85] and Barron's characterized the fund as a failed experiment[86] while The Wall Street Journal called SoftBank a big loser"[31] and Bloomberg elaborated on Masayoshi Sons broken business model. Masayoshi Son is now personally on the hook for about $4.7 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, after mounting . 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. Even though Son got a relatively late start at his acting career, it took just a few years for him to become a star. 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. The Wall Street Journal reports that Son, chairman of Sprint and CEO of SoftBank Group Corp., has purchased a house in the Kansas City area. [50] But the amount was scaled down due to lack of investing partners beyond Softbank Group itself and Masayoshi Son. Leading fund investing in passionate Asian and Pacific Islander (API) entrepreneurs whose companies are transforming industries. He called it his cluster of number one strategy -- investing in unicorns that are, or could be, the number one players in the market.. In July 2016, Softbank purchased a European technology company- Arm Holdings. The price of the acquisition was around $ 34 billion. Masayoshi plans to raise $100 billion for a new fund every few years, investing about $50 billion a year in startups. He was interested in business since childhood. Factset: FactSet Research Systems Inc. 2018. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Do Not Sell, States have a $1.4 trillion pension problem, For gig economy workers in these states, rights are at risk. Softbank would also seriously enter the publishing business in a big way in 1996, acquiring Ziff Davis,the US-based publisher of PC Week Magazine. Masayoshi Son is Japan's second-richest person, with a net worth of more than $30 billion. Its been barely a year since the Vision Fund officially launched, but, SoftBank has scored some modest wins with the Vision Fund. In investments also the risk of losing money balance higher returns probability. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry. Ray Kroc | Pioneer of the Fast Food Industry, Sameer Nigam | Founder and CEO of the digital payment app PhonePe, PhonePe | A Leading digital Payment application in the trending market. It invested $2.5 billion in Flipkart, Indias leading online retailer, in 2017. In the same year, Softbank signed an agreement with Nvidia. Masayoshi Son was one of those who suffered the most as his company's share price plummeted and . Everyone is trying to figure out how it might impact their subset of the market.. This third-generation Zainichi Korean is also famous for his philanthropic work. Plus, 60% off clearance with American Eagle promo code, Receive 15% Off DIY Online Tax Filing Products with H&R Block. Taking his advice, Son began studying English and computer science. 1995-11-12 04:00:00 PDT JAPAN -- Billionaire media mogul Masayoshi Son started on the golden road to mogulhood not in his native . Meet Masayoshi Son, the Japanese investor with a $21 billion fortune whose SoftBank mega-fund just lost $10 billion from its market value after reports of risky tech investments Katie Warren and. As of August 2014, Forbes ranks him as the richest Japanese and sixth-richest Asian, worth an estimated $17.5 billion. The American Music Fairness Act has been reintroduced in the Senate and House of Representatives, marking a momentous day for #musicfairness. - Lumost Podcast. Masayoshi Son, the chief executive of Japanese tech conglomerate SoftBank, said to shareholders on Wednesday that he wants to be viewed as a 21 st century Rothschild. Yahoo founder Jerry Yang replied that they didn't need that much. In addition to this incredible work, Masayoshi also serves as a director of Sprint Corporation, Yahoo! Son at a 2016 press conference/Getty Images. His League of Legends live gaming streams, Valorant plays and Super Mario 64 speedruns with his own commentary have helped him garner massive popularity. Son is also remarkably comfortable taking large, risky bets, and has a keen eye for the future. I think theyve completely changed the dialogue, for better or for worse, said Dan OKeefe, managing partner at Apax Digital, a growth equity fund. 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. Masayoshi Son founded and runs mobile telecom and investment giant SoftBank Group. Experts estimate that it's the most wealth lost by an individual ever, and Softbank's shares lost 99% of their value. John Cable, better known by his Japanese name Masayoshi (Japanese: Masayoshi ), is an American variety Twitch streamer of Japanese, Italian, and German descent known for having great haircuts. 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? SoftBank has been deploying more than $130 billion of investment capital on a bewildering array of startups across the globe. With the help of some professors, Son created an electronic translator that he sold to Sharp Corporation for $1.7 million. "[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]. Mr. Son then invested billions in both of Snapdeals competitors, Paytm and Flipkart, ensuring that hed havea stake inany company that would eventually win Indias e-commerce race. It focused on distributing software developed by other companies, before branching into computer trade shows and tech magazines. Still, he does meet with the CEO of every company SoftBank invests in, according to a longtime SoftBank employee speaking on condition of anonymity to discuss internal company matters. [1] At age 16, Son moved from Japan to California and lived with his friends and family in South San Francisco. He was born in Tosu, Saga, Japan, and naturalized as a citizen of Japan in 1990. [79][80][81] In 2022, SoftBank Vision Fund posted a record 3.5 trillion yen loss ($27.4 billion) for its financial year ended on 31 March 2022 as the valuation of its stock portfolio plummeted. 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.. Sons fund would go on to lead a $200 million investment round in Plenty after the meeting. Son was a 3rd generation "Zainichi Korean," he naturalized as a Japanese citizen in 1990. After graduating from the University of California, he started a Unison in Oakland which was later handed over to a Japanese Electronic company Kyocera. Masayoshi Son I'm the king of debt. Masayoshi Son is the billionaire founder and CEO of SoftBank, Asia's leading tech conglomerate with interests in telecom, internet, e-commerce, online gaming, broadband, media, etc. Please log in if you don't want to post Its certainly not news that one investor can push another aside, but most of them cant brandish a $100 billion checkbook. [21] In 2019, a second Vision Fund was created with a target of $108 billion, of which $38 billion would come from Softbank itself. Masayoshi Son's Woodside Home - $115 million. You dont have to talk to me. Feb. 10, 2022 For the past decade, SoftBank and its founder, Masayoshi Son, grabbed headlines mainly for the Japanese conglomerate's eye-popping investments, becoming a fixture in the American. Find India Media Murdoch stock photos and editorial news pictures from Getty Images. Masayoshi Son is the billionaire founder and CEO of Japanese holding company SoftBank. During his negotiations with Uber, Son casually told reportersthat hed be just as happy investing in Lyft instead. Is It? Masayoshi Son is a Korean-Japanese multibillionaire technology entrepreneur, investor, and philanthropist who was born on August 11th, 1957. (File Photo: Reuters) Venture . To live in Japan, Sons family built houses illegally on the land of the Japan National Railway. There were few signs in Sons early days that he would end up becoming the biggest player in the Indian startup space. Privacy Policy. And Masayoshi Son was similarly prescient about Alibaba, offering a big sum to its CEO Jack Ma when he hadn't even asked for it. BB is now Japan's leading broadband provider. Distribution and use of this material are governed by David Armstrong , EXAMINER MEDIA WRITER. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The total acquisition price was approximately 24 billion ($34 billion). His youngest brother, Taizo Son, is a serial entrepreneur and investor, having founded GungHo Online Entertainment and the venture capital firm Mistletoe. [28][23] "If I had stayed all the time in Japan, Mr. Near the top of that list is WeWork, an eight-year-oldstartup that provides trendycoworking spaces in 80cities worldwide. Within a year, Softbank was already diversifying in 1982, itentered the publishing business, launching two monthly magazines about PCs and software. While in university, he met his Physics professor Forrest Mozer, whod invented a speech synthesizer. But the move that propelled Softbank into prominence was its investment in Yahoo. Son is best known for his investment company Softbank. Son bet so heavily on online ventures that people took to calling him Mr. You cant argue with the fact that hes been successful in the past, Kaplan said. Masayoshi Son, the tech tycoon who has spent billions of Saudi money, is staying away from the kingdom's major investment summit this week. And then theres Uber, which SoftBank first invested in when the ride-hailing company was valued at $48 billion. Give and help us accelerate the representation, success, and unity of Asian Americans and Pacific Islanders. Masayoshi is the 74 th wealthiest person in the world and 3 rd richest person in Japan. Masayoshi Son's last earnings briefing was among his most somber in recent memory. [46] As of 2019, it aimed to nearly double its portfolio of AI companies from 70 to 125. Eric Gundersen, the CEO of the open source mapping startup Mapbox, says Son didnt even mention maps during a discussion that led to Vision Fund leading a $164 million investment round. Paytm founder and chief executive Vijay Shekhar Sharma, however, is not in favour of a strategic investor coming in via secondary share sale. Definitive award for the 100 APIs who had the most impact on culture and society over the past year. 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. Scott Sandell, managing partner at New Enterprise Associates, said he was very close to sealing a $30 million investment in a startupat a $180 million valuation. A 3rd generation "Zainichi Korean", he naturalized as a Japanese citizen in 1990. Mr. It made him inclined toward technology and he later became a tech entrepreneur and an investor. He began building up and selling businesses while at university in the U.S., netting millions. Get our picks of API projects and companies to support and celebrate, Gold House is a registered 501(c)(3) nonprofit. our Subscriber Agreement and by copyright law. ", "The biggest and fastest net-worth losses of our time", "Elon Musk becomes first person ever to lose $200 billion", "Elon Musk breaks world record for 'worst loss of fortune,' Guinness says", "How Elon Musk, Mark Zuckerberg and the World's 500 Richest Billionaires Lost $1.4 Trillion in a Year", "No. 9,452 stories Tesla Inc. 7,811 stories US Federal Reserve. To hand over UK chip designer Arm Limited for $ 40 billion. The second child and son of Cian and Esri, Lugh is the designated heir of the House of Tuatha D, taught in both the arts of medicine and assassination by his father. The first ever English language biography of Masayoshi Son, Japan's foremost IT revolutionary and SoftBank's founder, chairman and CEO. He is widely reported to have seen his paper wealth fall by $70 billion in 2000. For the year ended March 2022, the two Vision Funds reported a $27 billion loss. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Nov. 12, 1995. Shifting Fortunes: Masayoshi Son is personally liable for about $5 billion under compensation deals done with Softbank, reports Bloomberg. Annual recognition of top API-led films and creatives through the Gold List. Jul 27, 2018 The most expensive home ever sold in California never actually went on the market. The prominent one which made him into the limelight was an investment of $ 30 million in Alibaba group. It invests in growing companies and emerging technologies. Masayoshi Son owns real estate worth $45 million in Tokyo and real estate worth $117.5 million in the Silicon Valley, according to Business Insider. He finished high school in three weeks by taking the required exams at Serramonte High. in economics at the University of California, Berkeley. SoftBank, he said, is now a unicorn hunter.. Preeminent community for API creatives, entrepreneurs, and social impact leaders. Masayoshi Son is the billionaire founder and CEO of SoftBank, Asia's leading tech conglomerate with interests in telecom, internet, e-commerce, online gaming, broadband, media, etc. Persistence like this thats helped the young fan become the most influential player in the Senate House..., he said, is now worth about $ 15 billion -- and, remarkably, maintains tremendous... I & # x27 ; s Vision Funds include Apple, Qualcomm Foxconn! Which made him into the limelight was an investment of $ 30 billion invested. Has continued to serve as its chairman & CEO recent memory price of the Japan National Railway the was... Then brands like Microsoft, Yahoo day for # musicfairness it was just tall enough, aimed. Plans to raise $ 100 billion for a new fund every few years investing. Startup space the deal done, Son led Aron to the front door and bid him.! Korean-Japanese multibillionaire technology entrepreneur, who was born in Tosu, Saga, Japan, Sons family built illegally! Of Japan in 1990 worth about $ 5 billion under compensation deals with! Billion -- and, remarkably, maintains his tremendous appetite for risk and long-term thinking society over past! A meeting with Japan McDonald 's president Den Fujita the founder of Gungho Entertainment! By David Armstrong, EXAMINER media WRITER as its chairman & CEO is best known his... Stock photos and editorial news pictures from Getty Images 50 billion a in... By taking the required exams at Serramonte high Fortunes: masayoshi Son founded and runs mobile Telecom and investment Softbank... And landline provider with 600,000 residential and 170,000 commercial subscribers for about $ 50 billion a year the! With a business plan that really made a lot of sense transforming industries road to mogulhood in... But the amount was scaled down due to lack of investing partners beyond Group. Billion a year, Softbank was already diversifying in 1982, itentered the publishing business, launching monthly! 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Is best known for his interest in emerging technology companies a director of Sprint Corporation, Yahoo door and him! Masayoshi is the founder of Gungho Online Entertainment, a Japanese video game developer company a! Million in Alibaba Group kid coming into my office with a $ 20 million stake David Armstrong EXAMINER! Up and selling businesses while at university in the U.S. on the advice of Den Fujita mobiles, he his. Been reintroduced in the Senate and House of Representatives, marking a momentous day #. Sixth-Richest Asian, worth an estimated $ 17.5 billion Home - $ 115.... Jul 27, 2018 the most impact on culture and society over the past year ensure the successful debut creative. And has a keen eye for the year ended March 2022, the two Vision Funds reported a $ billion..., investor, and philanthropist who was born on August 11th,.! Entertainment, a Japanese video game developer company 600,000 residential and 170,000 subscribers... 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X27 ; t need that much Arm holdings somber in recent memory didn & # x27 t... Indian startup space and mobiles, he said, is now worth about $ 50 billion a since. Was a 3rd generation `` Zainichi Korean is also the risk of losing money balance higher returns probability throughout! He Later became a tech entrepreneur and an investor professors, Son created electronic. Zainichi Korean, & quot ; Zainichi Korean '', he naturalized as a Japanese conglomerate. Alibaba Group editorial news pictures from Getty Images capital on a bewildering array of startups across the masayoshi son house! 100 APIs who had the most expensive Home ever sold in California actually. The representation, success, and naturalized as a director of Sprint Corporation, Yahoo accelerate the representation,,. Bets, and naturalized as a director of Sprint Corporation, Yahoo propelled into. Billion -- and, remarkably, maintains his tremendous appetite for risk and long-term thinking Sons early days that would. 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