Japan's "Investment God" Masayoshi Son has ushered in his highlight moment. Recently, SoftBank Group released its annual report for fiscal year 2020. The report shows that as of the end of March 2021, the net profit attributable to shareholders of SoftBank's parent company was 49,879
billion yen (approximately 300 billion yuan), this figure once set a new record for Japanese listed companies.
In the past few years, Masayoshi Son and his SoftBank have faced a huge crisis. In 2019, Masayoshi Son once lost nearly 90 billion yuan. However, in 2020, Masayoshi Son and SoftBank managed to survive and once gained.
Huge returns.
Data shows that Masayoshi Son’s investment in South Korean e-commerce giant Coupang has resulted in a “superficial” return of about 160 billion yuan, and many other investments have also received returns.
You must know that in the past few years, Masayoshi Son and SoftBank once relied on selling Alibaba stocks to repay debts, but now they have achieved a "turnaround."
Masayoshi Son, who once admitted "failure", Masayoshi Son's most successful investment so far is in Jack Ma and Alibaba. This investment has earned Masayoshi Son and SoftBank a return of over 100 billion US dollars.
After tasting the sweetness, Sun Zhengyi invested crazily around the world, ranging from millions to tens of millions to hundreds of millions and billions.
Son's crazy investment cost him a lot of money, but the rate of return was extremely low, and many of the projects he invested in went bankrupt.
After the failure of his heavy investment in WeWork, which led to huge losses in SoftBank's vision, Masayoshi Son also admitted his mistakes for the first time and admitted his failure.
However, the 2020 financial report has allowed Masayoshi Son to "turn over". Judging from the data, SoftBank may become the third most profitable company in the world after Apple and Saudi Aramco. The company fell into huge losses the year before, and now it has achieved this
"Turn over" Son Zhengyi can finally breathe a sigh of relief.
According to news at the beginning of 2021, SoftBank Group is preparing to list several companies it has invested in this year. Once this goal is achieved, the wealth of Masayoshi Son and SoftBank will grow explosively, and there will be greater plans for 2021.
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In the past nearly a year, Son has raised tens of billions of dollars by reducing his holdings in Alibaba and other companies' stocks, and also used these funds to repurchase his own shares. As a result, SoftBank Group's stock price has also grown.
Nowadays, many companies that SoftBank has invested in have completed their listing goals, and the stock prices of most of them have been stable.
In the past year, it has gone from a huge loss of 1.4 trillion yen and was on the verge of financial collapse to now becoming the third largest profitable company in the world. Such ups and downs have also made Son frightened.
Masayoshi Son, who raised US$100 billion a few years ago, established the SoftBank Vision Fund, which was another big gamble in his life.
After many large-scale investments failed, Sun Zhengyi also quickly "cleaned up" his assets. At that time, he had no choice but to sell a large number of high-quality assets in order to save himself and began to reorganize the layout.
The 2021 rich list shows that Masayoshi Son's net worth has "doubled" compared to last year, reaching about US$44.4 billion (an increase of more than 100 billion yuan), and has returned to Japan's richest man.
He once again became the richest man in Japan, and his SoftBank subsidiary also became the third most profitable company in the world. It took Son Masayoshi one year to complete the "turnaround."