Masayoshi Son rises again as SoftBank vision delivers winning streak
Will the investor’s success inspire others to throw even greater sums at tech start-ups?
10 April 2021 • 12:00pm
Winning formula: Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp has a reputation for investing heavily in wilder tech bets
Credit: Kiyoshi Ota/Bloomberg
Masayoshi Son had been here before. As the early months of the coronavirus pandemic pummelled global stock markets, the multibillion-dollar bets that SoftBank had placed had gone south.
The numbers were staggering. In May, the Japanese conglomerate, the world’s biggest tech investor, posted its deepest ever loss, the first time it had failed to make an annual profit in 15 years. The Vision Fund, Son’s $99bn (£72bn) vehicle for much of SoftBank’s riskier ventures, lost $17.7bn alone.
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