Apr 07, 2022
In Welcome to the Forum
Two investments allowed him to resurface. The best known is Alibaba , the Free Market of Asia. In 1999, during a visit to China, he met Jack Ma, "the only entrepreneur who didn't have a business model and didn't want my money," he recounted at the Tokyo Forum last November. What Ma did have was "fighting spirit" and a deep conviction on the internet: "Jack was the only one with the glowing eyes: he caught my heart." He first offered her $50 million, but was only able to inject her with $20 million. Ma, now China's richest man, had doubts about his own success. 15 years later, when Alibabawent public, that participation multiplied until it reached 60,000 million dollars. It is one of the most lucrative investments in history. The other good move came from a somewhat rustic idea for Masayoshi: what to do if the software bubble bursts ? Well, bet on the hardware . In 2001, SoftBank had already divested itself of its contaminated assets and launched Yahoo BroadBand (or "broadband") on Whatsapp Mobile Number List market , with the declared objective of unseating the powerful NTT with a much faster internet that, moreover, did not occupy the phone line. By 2003, it was the largest DSL (digital subscriber line) provider in the country, and had partnered with the World Bank to bring the technology to Southeast Asia. He soon realized that without cell phones he could not survive much longer. So he first acquired the Japanese branch of Vodafone and then struck an exclusivity deal to introduce the iPhone in Japan. Less than 10 years after almost going bankrupt, Masayoshi safely navigated through 2008 and the biggest economic crisis since the crash of 1930. Although he was no longer the richest man in the world, he was able to keep his mansion in Tokyo, where he still plays. to golf on its indoor course . Custom built, he has the technology to recreate the weather and even the scents of the world's top circuits , fictional environments to perfect his game.