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by pkaye
1588 days ago
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The CEO Masayoshi Son lost spectacularly during the dot com crash. https://en.wikipedia.org/wiki/Masayoshi_Son > s of October 2021, Bloomberg Billionaires Index estimated Son's net worth at US$23.1 billion, making him the second richest man in Japan and 68th richest person in the world,[1] despite having the distinction of losing the most money in history (approximately $70bn during the dot com crash of 2000).[4] After that the big success came with investment in Ali Baba. https://en.wikipedia.org/wiki/SoftBank_Group > In October 1999, SoftBank became a holding company.[21] In 2000, SoftBank made its most successful investment – $20 million to a then-fledgling Chinese Internet venture called Alibaba.[22] This investment turned into $60 billion when Alibaba went public in September 2014.[23][24] |
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