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the man who lost ninety billion u.s. dollars during the Internet bubble Masayoshi son Masayoshi Son now has a net worth of twenty three billion dollars making him the most influential richest and powerful person in Japan he is also widely known as the CEO Softbank owning a stake in over thousands of companies including many companies like Sprint Alibaba and Yahoo Japan he is also known to make forty five billion dollars in 45 minutes and the person that is trying to create the first singularity for those that don't know what is the singularity is an artificial intelligence that can rewrite its codes to become smarter and smarter and even one day will supersede all human intelligence for those that don't know who Masayoshi Sun we will take some time to introduce his incredible journeys at a young age and then to know how he made his first million than his billions and how he came crashing down during the internet bubble losing ninety billion how he came back and now stronger than ever through his life experiences then we will close with valuable lessons from this incredible man's life Masayoshi sons grandparents from south korea descendant migrated to japan seeking economic opportunity mr.
son was born in Japan but growing up was very difficult since he is from Korean descendant Japanese culture is a very homogeneous culture where most Japanese stick with each other and as the young MA CEO she was growing up he was considered to be out of their circle at the age of 16 before leaving for the United States to studies economic and computer science mr.
Sun read a book wrote by mr. den Fujita which was the head of McDonald in Japan mr. Sun was so impressed by the book that he is determined to meet mr. Fujita at all cost he works part-time to save up money to make long-distance calls to McDonald headquarters and ask if he can see or talk to mr. Fujita numerous attempts almost 60 long-distance calls remember long-distance call was very expensive during the 17 mr.
Sun got fed up with the assistance continuous rejections mr. Sun told the assistants that he heard mr. Fujita will be attending a convention in Tokyo mr. Sun told the assistants that he will be there dress in certain clothing he begged the assistants if he can just see mr. Fujita's face for only three minutes he told the assistants to pass this message and allow mr.
Fujita a chance to decide for himself whether or not he would like to meet a little 16 years old boy at the convention following the final call the assistants agrees to pass the message to mr. Fujita mr. sun got on a plane and went to the convention where he met mr. Fujita instead of three minutes mr.
Fujita gave the young Masayoshi Son fifteen minutes of his time he asked mr. Fujita what business should I run or sure to go into in the future mr. Fujita replied computer is your generation future mr. son took this advice and later built an empire through his technology for the entrepreneur spirit and mr.
son led him to start his own company at the age of 19 he created a pocket digital dictionary a year later this invention was bought by sharp for 1.7 million at the age of 19 mr. son is already climbing the wealth ladder into success now he is a millionaire but his ambition did not end there he created another company afterward importing used video game machines on credit from Japan and installing them in dormitories and restaurants this business venture making him another whopping 1.5 million in combined he is worth 3.2 million roughly at the age of 20 years old to these two projects only took mr.
son around 18 months from when he first started as a promise to his mother mr. son returns to Japan after finishing schools he starts Softbank with that 3.2 million and grew it to 70 billion before the dot-com crash in today's time is equivalent to 90 billion during the height of his career mr. Sun was richer than Bill Gates for only three days and then his Empire comes crashing down as the Internet bubble burst his company market cap before the crash was 200 billion and when the crash was over it was only 2 billion left mr.
Suns net worth also suffered gravely leaving him from 90 billion to roughly around 900 million in today's money remaining - his passion for investment and technology mr. Sun manages to build back his empire now his company market cap is roughly 80 billion and net worth is around 23 billion dollars there are two great lessons that we can extract from mr.
Suns experience and his story one is to be persistent and passionate about what you do if mr. Sun doesn't have these two characters Softbank and his net worth would not be where they today we have to be relentless at what we are determined to achieve in life you can't just sit there and daydream no dream will ever come true without work as well energy and persistence conquer all things Benjamin Franklin the second lesson here is for all investors to re-evaluate their holdings if the holding is no longer rational and your stock takes a nosedive cut your loss and cut it fast in any economic bubble like we witness many times in history the stock will rise with thin air and will fall quickly with nothing to support the pessimism czar best friend and the euphoria is our enemy Warren Buffett in all bubbles throughout the course of history there are many euphoric investors and as knowledgeable investors we should all be careful about that rush therefore knowing the intrinsic value of any stock is very important to our investments at value snip calm we provide and welcome all investors to use our free intrinsic value calculators manually at all time and we give away free credits weekly for automation to users as well please remember due to our monthly fees with our API stock providers we can only offer a limited amount of free membership subscriptions so what are you waiting for get your free subscription today before it runs out thank you for watching this video see you in the next video and if you like this video please help us by your likes shares and subscribe to our channel so you don't miss our other informative videos thank you so much in advance hope you and your family enjoy the rest of the day from wherever you are
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