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> given that Son is just a uniquely talented visionary He's lost more money than anyone in history. And probably is about to do it a second time.
by empath75 7y ago
> given that Son is just a uniquely talented visionary
He's lost more money than anyone in history. And probably is about to do it a second time.
- et2o 7y ago?
- adventured 7y agoThat's based on Son having a paper net worth of ~$85-$90 billion at the peak of the dotcom bubble and seeing all but about $3 billion of it vanish, peak to trough. You can move the numbers a bit (eg debate over the peak figure), however it still comes out in a similar way... he plausibly lost the most wealth - on paper - of any person that has ever lived. Yasumitsu Shigeta, another Japanese dotcom super billionaire, lost around $41 billion on paper during the crash. He recovered somewhat and remains a billionaire.
- navigatesol 7y ago>He's lost more money than anyone in history. In Silicon Valley, "failing" is a virtue, so it's not surprising to read this about Son. The guy invested billions of dollars of OPM (some of it blood money from Saudi Arabia) into tech business at terrible valuations. Anyone with an IQ of 80+ and a modicum of social skills could do the same. Remember the Vision Fund hockey-stick chart slide, with flying unicorns and "AI Traffic"? Such vision.