Meet Masayoshi Son, the Japanese billionaire with a 14 billion personal fortune whose SoftBank mega-fund is taking over WeWork
Get the Full StoryTomohiro Ohsumi Getty ImagesMasayoshi Son, the billionaire founder and CEO of Japanese holding company SoftBank, is worth an estimated 14.1 billion, according to Bloomberg's Billionaires Index.
SoftBank, WeWork's largest investor, will take control of the office-sharing company in a deal that will give former CEO Adam Neumann almost 1.7 billion, Maureen Farrell reported Tuesday for The Wall Street Journal.
Son is the third-richest person in Japan after Uniqlo founder Tadashi Yanai and Keyence founder Takemitsu Takizaki.
Through SoftBank and his first 100 billion Vision Fund, Son has invested millions in some of Silicon Valley's biggest tech companies, including Uber, WeWork, Slack, and DoorDash.
He owns 45 million worth of real estate in Tokyo as well as a 117.5 million estate in Silicon Valley.
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SoftBank, WeWork's largest investor, will take control of the coworking company in a deal that will give former CEO Adam Neumann almost 1.7 billion, Maureen Farrell reported Tuesday for The Wall Street Journal.
Softbank is WeWork's biggest investor, having poured almost 11 billion into the company, Business Insider previously reported. It was set to invest an additional billion dollars into WeWork's IPO before the IPO was postponed on September 17.
Read more: How WeWork's CEO grew a 10 billion relationship with SoftBank CEO Masayoshi Son, whom he calls 'Yoda'
SoftBank's founder and CEO is Masayoshi Son, who's worth an estimated 14.1 billion, per Bloomberg's Billionaires Index. That makes him the third-richest person in Japan after Uniqlo founder Tadashi Yanai and Keyence founder Takemitsu Takizaki.
Through SoftBank and his first 100 billion Vision Fund, Son has invested millions in some of Silicon Valley's biggest tech companies, including Uber, Slack, and DoorDash.
Here's a look at Son's life, career, investments, and real-estate portfolio.Masayoshi Son is the billionaire founder and CEO of Japanese holding company SoftBank, which announced commitments of 108 billion to its second massive Vision Fund in July 2019.
REUTERS Kim Kyung-Hoon
SoftBank owns stakes in more than 1,000 companies, including Alibaba and Yahoo Japan, according to Bloomberg.
In 2018, the company reported revenue of 82.7 billion.
Son is worth an estimated 14.1 billion, according to Bloomberg's Billionaires Index.
Reuters
That makes him the third-richest person in Japan after Uniqlo founder Tadashi Yanai, who's worth an estimated 32.5 billion, and Keyence founder Takemitsu Takizaki, who's worth 18.2 billion.
Most of Son's wealth comes from his 26 stake in Softbank, which makes him the largest shareholder, according to Bloomberg.
Son was born in 1957 to Korean immigrants on the Japanese island of Kyushu.
Asahi Shimbun via Getty Images
The 61-year-old CEO was one of four brothers, and his father worked at restaurants, farms, and fisheries.
See the rest of the story at Business InsiderSee Also:I ordered the same meal at a McDonald's in Moscow and New York City, and the Russian location was a step up from the American oneThe 10 best places in the US for first-time homebuyers to invest in real estate right now8 ways American millennials are changing homeownership, from moving to commuter towns to wiping out the starter homeSEE ALSO: WeWork's board is reportedly meeting to discuss ousting Adam Neumann as CEO here's who the key players are
DON'T MISS: WeWork just removed cofounder Rebekah Paltrow Neumann from succession planning and banned her from the board. Meet the former actress, who is CEO Adam Neumann's 'strategic thought partner'
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