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I thought that Masayoshi Son's Wikipedia intro was interesting: > Masayoshi Son (Japanese: 孫 正義 Hepburn: Son Masayoshi, Korean: 손정의 Son Jeong-ui; born August 1
by 55555 9y ago
I thought that Masayoshi Son's Wikipedia intro was interesting:
> Masayoshi Son (Japanese: 孫 正義 Hepburn: Son Masayoshi, Korean: 손정의 Son Jeong-ui; born August 11, 1957) is a Korean-descendant (Zainichi Korean) Japanese businessman and the founder and current chief executive officer of SoftBank, the chief executive officer of SoftBank Mobile, and current chairman of Sprint Corporation. According to Forbes magazine, Son's estimated net worth is US $20.4 billion and he is the richest man in Japan,[2] despite having the distinction of losing the most money in history (approximately $70bn during the dot com crash of 2000).[3]
- shawnps 9y agoIf you found the part that he's Zainichi interesting, there is a whole history to Koreans in Japan that I didn't know much about until a couple years into living in Tokyo. More here https://en.wikipedia.org/wiki/Koreans_in_Japan https://en.wikipedia.org/wiki/Koreans_in_Japan
- davidreiss 9y ago> despite having the distinction of losing the most money in history (approximately $70bn during the dot com crash of 2000).[3] He didn't lose $70B. His net worth dropped $70B because of short term stock fluctuations during the dotcom collapse. He never had $70B to lose. It was all paper wealth tied to the market valuations of his companies. A subtle but important distinction.
- soared 9y ago> paper wealth What wealth is not paper wealth?
- codegladiator 9y agoTruck full of bananas
- uiri 9y agoI found this gem in the source for the $70bn loss figure: By the way, the chance of AOL buying Yahoo is next to never. It is kind of ironic given the Verizon deal which merged it with AOL. https://dealbook.nytimes.com/2010/12/13/a-key-figure-in-the-future-of-yahoo/ https://dealbook.nytimes.com/2010/12/13/a-key-figure-in-the-... The $70bn appears to have been in the value of SoftBank stock he held during the crash. I'm not sure when SoftBank IPO'd but if it was after the crash then it truly is paper losses. Otherwise, he had the opportunity to cash out.