· along with it, ceo masayoshi son , who briefly reigned as the worlds richest person at the time, saw his wealth fall by a whopping $70 billion. What happened to masayoshi sons net worth? Every single investment masayoshi son had championed over the previous five years was decimated. Did masayoshi son suffer the biggest financial loss in history? For a time, these investments looked brilliant and softbanks market cap grew to an all time high of $180 billion. Business comebacks are rarely as dramatic as the falls that precede them. · son s personal fortune, which had once topped $45 billion, shrank dramatically. As just one example, softbanks $400 million investment in e*trade was reduced to just $22 million. Softbanks market cap dropped a mind-n. · son s personal net worth subsequently dropped by an eye-watering $70 billion, the greatest lost any human being has suffered financially. Another year later the market bottomed at 1,200. Unfortunately, by may 2000, the nasdaq composite had dropped to 3,300. Through softbank, masayoshi s. Thats a 76% drop over two very painful years. Two months later, on , the nasdaq composite (the stock exchange that listed nearly all bub. A company like softbank, with so much exposure to the internet sector, did not fare well in these difficult times. After taking softbank public in 1995, masayoshi son became an overnight billionaire. · from a pig farm in japan to becoming the richest man on earth, from losing more money than anyone in history to making the greatest tech bet ever, this is the unbelievable story of. The 67-year-old japanese super-investor behind softbank has made and lost more money than anyone on the planet. Over the next five years, he used softbanks newly acquired war chest to expand his empire at a very rapid pace just as the dotcom bubble was heating. The man who had once proclaimed, im a man who bets, was facing a table where most of his chips had vanished. Thanks largely to his 42% stake in softbanks equity, masayoshi son s net worth swelled to a whopping $78 billionin february 2000. Son refused to give up. His former right-hand man tells jim armitage about the boom times and (very) bad bets. How much money did masayoshi son lose during the dot-com boom? On (as the nation reeled from 9/11), the nasdaq dropped to 1,500. He had for many years the distinction of being the person who had lost the most money in history (more than $59 billion [17] during the dot-com crash of 2000 alone, when his softbank shares plummeted), [18] a feat surpassed by elon musk [19][20][21] in the following decades. Who is masayoshi son? See full list on celebritynetworth. com By 1999, softbank was one of the largest internet technology companies in the world.
