In terms of money-making ability, Musk must be the strongest in the past two years. His personal wealth once exceeded US$300 billion, equivalent to RMB 200 million. If Musk is the strongest to make money, then Masayoshi Son is the strongest to lose money.
Masayoshi Son's SoftBank Group lost 90 billion last year, and his Vision Fund lost another 140 billion. Together, these two parts lost a total of 230 billion yuan, and Masayoshi Son lost more than 700 million yuan a day. Masayoshi Son is definitely the world's largest richest man now. The companies he invested in Didi , JD Logistics , WEWORK and other companies all fell sharply last year, and the market value of many companies evaporated by more than 50%. At the same time, many technology giants he invested in are losing money.
In the past, Masayoshi Son always relied on selling Ali stocks to save himself, but this time even Alibaba's stock plummeted. At the highest, Alibaba's market value was trillion US dollars after all, but after a round of sharp drops from last year to this year, Alibaba's market value once fell to around 300 billion US dollars, which was approaching the price at the time of listing.
Masayoshi Son invested in Alibaba 60 million US dollars. At the most, the investment made a profit of more than US$200 billion. The profit created by this investment alone accounted for more than 90% of SoftBank Group's total profit in history. Unfortunately, with the decline in Alibaba's market value, Masayoshi Son is under greater pressure.
In the past, Masayoshi Son was mythed because of investing in Alibaba, but now his myth has also been shattered. In the past 10 years, Masayoshi Son has actually been lacking in the investment field and has made almost no achievements except Alibaba. In the past, he invested more in angels in , but in recent years he concentrated on the cornerstone investment before listing. He invested huge amounts of money in many companies, but the effect was not obvious after the company went public.
Sun Masayoshi's vision fund is also a big start and a bad end. Now even the oil giants of Middle East no longer buy Son's account. When Masayoshi Son was promoting Vision Fund in the Middle East, many wealthy people in the Middle East refused.
Is Masayoshi Son an angel or a devil? In fact, Masayoshi Son may not be the most profitable person in the world, but he must be the most profitable person in the world. Xu Jiayin If you run to Masayoshi Son, you will probably have to admit defeat.
Sun Masayoshi is also a legendary figure. He claims to be Houyi, the grandson of China, and later moved from Fujian to South Korea. Masayoshi Son's grandfather's generation went to Japan from South Korea, and Masayoshi Son was born and raised in Japan.
Sun Masayoshi claimed that he had made all his life plans at the age of 16. After that, he went to study in the United States. When he was in college in the United States, he earned his first $1 million in his life by starting a business. After graduating from college, Masayoshi Son returned to Japan to start a business.
Relying on the Japanese telecommunications industry, Masayoshi Son became a rich man. But what really made him a world-class wealthy is the technology venture capital. Starting from the 1990s, Masayoshi Son founded SoftBank and began to look for excellent technology companies in the United States.
Sun’s investment was not successful at first, until he met a Chinese Jiang Yang . In the past, Jerry Yang founded Yahoo, and there were only a few people in this small company. However, Masayoshi Son thought Yahoo had great potential, so he decided to invest in Yahoo. Jerry Yang didn't like Masayoshi Son, so he offered a very high condition. But Masayoshi Son agreed.
As expected, Masayoshi Son won the bet. After Yahoo went public, Masayoshi Son's net worth began to soar. At its highest, Yahoo's market value exceeded US$130 billion. That year, Masayoshi Son's net worth reached US$81 billion, becoming the world's second richest man after Bill Gates.
However, with the bursting of the technology bubble, Masayoshi Son quickly fell from the altar and his wealth began to plummet. Fortunately, Masayoshi Son successfully invested in another company in 2001, which is Alibaba. After that, the fate of Jerry Yang, Jack Ma, and Masayoshi Son were intertwined.
In 2004, Jerry Yang's Yahoo invested another $1 billion in Alibaba, and since then Alibaba has begun to stand out. When Alibaba went public in 2014, Jack Ma and Masayoshi Son became big winners.Masayoshi Son was also a god in his battle, but behind his successful investment in Alibaba, his other investments are really not successful, and it can even be said to be very failed. Most of the projects invested by SoftBank have failed in recent years, and it will be really difficult for him to make a comeback in the future.
