Masayoshi Son, the founder and CEO of SoftBank, has become a prominent figure in the world of technology and business. He is known for his ambitious vision, strategic investments, and eccentric personality.
In this article, we will explore Masayoshi Son net worth and his journey to success, his career highlights, and what makes him stand out in the world of business.
What is Masayoshi Son Net Worth and Salary in 2023?
According to Forbes, as of 2023, Masayoshi Son, the creator and leader of SoftBank Group Corp., holds a net worth of $20.8 billion. Son serves as the founder, representative director, corporate officer, chairman, and CEO of SoftBank Group Corp.
This reflects a $1.1 billion increase compared to his net worth in 2022. In terms of salary, Masayoshi Son earns an estimated annual income of $1.1 billion, which breaks down to approximately $91.7 million per month, $21.2 million per week, and $4.2 million per day.
Masayoshi Son Overview
Early Life
Masayoshi Son was born on August 11, 1957, in Tosu, Saga Prefecture, Japan. Son’s family background was modest, and his father was a fisherman and small business owner.
However, even from a young age, Son demonstrated exceptional intelligence and an entrepreneurial spirit.
During his childhood, Masayoshi Son had a deep fascination with gadgets and electronics, frequently engaging in tinkering activities involving radios and various other devices. His innate curiosity and passion for technology shaped his path from an early age.
At the age of 16, Masayoshi Son left Japan to pursue his education in the United States. He attended Serramonte High School in Daly City, California, where he struggled initially due to the language barrier.
However, he quickly adapted, learned English, and excelled academically. He went on to study economics and computer science at the University of California, Berkeley.
Career
The inception of Son’s career took place when he stumbled upon a picture of a microchip in a science magazine. This discovery sparked his belief that the era of personal computers was on the horizon, igniting his inspiration and setting him on a path that would shape his future endeavors.
He founded SoftBank Corp. in 1981, which started as a business distributing PC software throughout Japan. Over the years, SoftBank evolved into a major telecommunications operator in Japan and later transformed into an investment holding company.
Son’s success can be attributed to his early investments in internet firms, such as buying a share of Yahoo! in 1995 and investing a $20 million stake in Alibaba in 1999. These investments briefly made him the richest person in the world before the stock market crashed.
In response to the Fukushima Daiichi nuclear disaster in 2011, Son invested in a nationwide solar power network for Japan and later announced a 200GW solar project in Saudi Arabia as part of its Vision 2030.
Despite facing significant losses during the dotcom crash, where he lost $70 billion, Son managed to rebuild his fortune by acquiring SoftBank from Vodafone and later purchasing one of the US’s big three networks, Sprint.
Personal life
Masayoshi Son encountered his future wife, Masami Ohno, while they were both students at the University of California, Berkeley. Masami Ohno is the daughter of a well-known Japanese doctor. The couple got married, and they have two daughters together.
However, there is limited information available about Masami Ohno and their family life, as Masayoshi Son tends to maintain a private personal life despite his high-profile business ventures.
Masayoshi Son has gained recognition for his eccentric personality and unorthodox approach to business, which sets him apart from conventional norms. He often quotes Yoda from Star Wars, passionately prepares for the singularity, and has a 300-year plan for his company’s success.
Why is Masayoshi Son Famous?
Masayoshi Son is famous for his visionary approach to business and his ability to spot promising investment opportunities. His investments in companies like Alibaba and Yahoo! have made him one of the richest men in Japan and a powerful figure in the world of technology.
Additionally, his unconventional personality and ambitious vision have garnered him significant attention and admiration.
FAQs about Masayoshi Son
What did Masayoshi Son study?
Son studied economics and computer science at the University of California, Berkeley.
How did Masayoshi Son make his first million?
He invented an electronic translator and sold it to Sharp Corporation for $1 million.
How did Masayoshi Son get rich?
Son became wealthy through strategic investments in technology companies, such as Alibaba and Yahoo!.
How did Masayoshi Son lose $70 billion?
He lost this amount during the dotcom crash but later rebuilt his fortune through strategic investments and acquisitions.
Conclusion
Masayoshi Son’s journey to success is a testament to his visionary approach to business and his ability to spot promising investment opportunities. He has become one of the most influential figures in the technology industry.
Masayoshi Son’s unorthodox character, coupled with his ambitious vision and strategic investments, have established him as a formidable presence in the business world. His influence extends to shaping the future of technology, leaving a lasting impact for years to come.
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