Prøve GULL - Gratis
Masayoshi Son may be the oddest of the oddball billionaires
The Straits Times
|November 03, 2024
In 2019, Elliott Management, an activist investment fund which had built up a 3 per cent stake in Softbank, demanded a meeting with the company's founder and chief executive officer Masayoshi Son.
 
 Elliott complained that the company's governance was such a mess that the stock was trading at least 50 per cent below net asset or "fair" value - the board was tame, the corporate structure was overcomplicated, and "transparency" was not even a concept. Other business titans such as Bill Gates and Mark Zuckerberg had bowed down before the god of good corporate governance. Why not Masa Son?
Mr Son's reply came as a surprise. "These are one-business guys. Bill Gates just started Microsoft and Mark Zuckerberg started Facebook. I am involved in 100 businesses, and I control the entire (tech) ecosystem. These are not my peers. The right comparison for me is Napoleon or Genghis Khan or Emperor Qin (builder of the Great Wall of China). I am not a CEO. I am building an empire."
Emperor Son stands out as an oddball, even in a world oversupplied with billionaire oddballs. He has made and lost more money than any man alive, topping the list of the world's richest people in February 2000, then losing 97 per cent of his wealth in the dotcom crash. He has been the largest foreign investor in both capitalist America and communist China, the biggest start-up funder in the world, and the owner of 70 per cent of Japan's internet economy. He signs his e-mails "Big Boss", and his private plane has the tail number N25TID, T standing for trillions and D for dollars.
He lives in the biggest house in Tokyo. But he also has other mega-properties - a "starter castle" in Woodside, near Stanford University, which he bought for US$117.5 million (S$155 million), and, more oddly, another one in Kansas. His office desk is Putin-sized. But if you slide open two wooden doors, you enter a magical world: A vast open space with three trees - symbolising spring, summer and autumn respectively, their leaves exquisitely hand-painted to capture the changing seasons and three rock pools.
Denne historien er fra November 03, 2024-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
Vietnam elevates UK ties to top partnership amid US-China power rivalry
Move reflects Hanoi's push for resilience, self-reliance against global uncertainties
4 mins
November 01, 2025
 
 The Straits Times
Quantum AI accelerator opens, boosting S’pore’s hub ambitions
Outfit will play growth catalyst by helping start-ups through mentorship, fixed programme
3 mins
November 01, 2025
The Straits Times
US will 'stoutly defend' its interests, Hegseth tells China
The United States will \"stoutly defend its interests\", Defence Secretary Pete Hegseth told Chinese counterpart Dong Jun during a meeting on Oct 31 in Kuala Lumpur, flagging the importance of maintaining a balance of power in the region.
2 mins
November 01, 2025
The Straits Times
The battle for New York
A fight is brewing between Donald Trump and Zohran Mamdani.
4 mins
November 01, 2025
The Straits Times
BYD Q3 profit slumps 33% amid intensifying competition, scrutiny
BYD reported another slump in quarterly profit as intensifying domestic competition and industry scrutiny pile pressure on the Chinese carmaker’s sales outlook.
2 mins
November 01, 2025
 
 The Straits Times
Slot under pressure to halt Liverpool's 'crisis'
Liverpool face an inform Aston Villa on Nov 1 as the English Premier League champions look to arrest their remarkable collapse, while Arsenal aim to surge further clear in the title race.
3 mins
November 01, 2025
The Straits Times
Turn the riverfront into a shared space for all
FROM B1
3 mins
November 01, 2025
The Straits Times
Our distracting devices are killing office productivity
A nice physical notebook may be underrated.
4 mins
November 01, 2025
The Straits Times
Atticus Finch to lay down the law in Race 7
RACE 7 (1,600M)
1 min
November 01, 2025
The Straits Times
Bishan Home working on app to better support its residents
Aim is to slow cognitive decline of seniors with intellectual disabilities
3 mins
November 01, 2025
Listen
Translate
Change font size

