Masayoshi Son Net Worth 2023: Income, Assets, Career

Masayoshi Son Net Worth is $13 billion. He is a wealthy Japanese businessman, investor, and philanthropist. Also, he is the founder and CEO of SoftBank, a major holding company. Son is considered one of the wealthiest individuals in Japan. Let us discuss his net worth, early life, career and other aspects in more detail. 

Masayoshi Son Net Worth

Masayoshi Son has a net worth of $13 billion. Most of this money comes from his holdings in SoftBank and some other entrepreneurial ventures. Also, he has many other pursuits that contribute to his immense wealth. We are going to discuss some of them below. Furthermore, this is supposed to grow in the future. 

Earnings

As of 2023, Son is ranked 69th on Forbes’ list of The World’s Billionaires and holds the 239th position on the Bloomberg Billionaires Index. Moreover, he faced significant financial losses during the dot-com crash of 2000, with his SoftBank shares plummeting, but has since been surpassed by Elon Musk in terms of the largest financial loss. Also, he has regained most of his money ever since.

SoftBank

Masayoshi Son founded SoftBank Corp. in 1981, initially as a software vendor. Over time, it grew to become a major telecommunications company in Japan. Later, it transformed into SoftBank Group Corp., an investment holding company. As a result, the telecom division spun off as SoftBank Corp., while the former SoftBank Corp. became SoftBank Group Corp. In 2015, SoftBank Corp. changed its name from SoftBank Mobile Corp.

Arm Holdings

In July 2016, SoftBank made a big announcement to buy Arm Holdings, a European technology company, for £23.4 billion ($31.4 billion). Later in September 2016, SoftBank confirmed the completion of the acquisition, with a total cost of around £24 billion ($34 billion). Also, this is the largest-ever purchase of a European company by an Asian. It calls to notice Son’s business acumen. It takes great skills to negotiate such a big transfer. 

Vision Fund

SoftBank Group set up the Vision Fund, a $100 billion investment fund, in 2017. The fund’s goal was to invest in emerging technologies such as AI, robotics, and the Internet of Things. By 2019, they aimed to expand their portfolio of AI companies from 70 to 125. However, the fund also invested in companies that aimed to bring significant changes to the real estate, transportation, and retail sectors. Also, Masayoshi started innovative practices in this direction because he wanted to stay ahead of time. 

Early Life

Masayoshi Son was born on August 11, 1957, in Tosu, Japan. Furthermore, he comes from a background of Korean heritage and is the third generation of his family living in Japan. Also, his grandfather is Son Jong-Kyung, and his father is Son Sam-Heon. Son’s father worked as a fish dealer and pig farmer. During his childhood, Son experienced poverty and even lived among pigs and sheep.

Career

Son began his business journey by making an electronic translator and selling it to Sharp Corporation for $1.7 million. Also, he earned an additional $1.5 million by bringing video game machines from Japan and installing them in dormitories and restaurants. In 1999, Son invested $20 million in Alibaba. Through his company SoftBank, he now owns 29.5% of Alibaba, which is valued at approximately $108.7 billion as of October 23, 2018.

SoftBank, the Japanese conglomerate, recently sold Arm, a company it acquired for $31 billion in 2016. This is part of SoftBank’s strategy of selling major assets. The sale will bring together Arm and Nvidia to form a new computing company. Also, this is a great victory for them.

FAQs

1. How much is Masayoshi Son’s net worth?

His net worth is $13 billion. 

2. What is Masayoshi Son’s nationality?

He is Japanese of Korean descent. 

Also read: Jamie Oliver Net Worth 2023: Assets, Income, Career