Meet Masa Son - the "crazy" Vision Fund founder backing WeWork and Uber

--:--
After spectacular early successes backing AliBaba and Yahoo, Softbank's Masayoshi Son raised $100bn from investors in a matter of weeks. The Korean-Japanese behind the revolutionary VisionFund spent this money almost as rapidly, pumping billions into WeWork, Uber and their lookalikes - alongside unorthodox bets like $300m injected in to a dog-walking app. Son is on his way to raising another $100bn in Vision Fund II, claiming that he already has more than that committed by his fans.  But critics are fretting that having too much money is making Son reckless, typified by WeWork's attempted IPO where investors rejected the $47bn valuation at which Son was happy to inject billions. Have a listen to this fascinating podcast from our partners at the Wall Street Journal.
4 Oct 2019 English South Africa Business News · Investing

Other recent episodes

BizNews Finance Friday webinar: Making the most of your money in 2021

We kicked off discussions at this week’s BizNews Finance Friday webinar with a look at whether Bitcoin, blockchain and SA’s underperforming funds have a place in your portfolio of assets. Answering your money questions were: independent financial advisors Dawn Ridler of Kerenga Wealth Ecology, Johannesburg, and Jonathan Botha of Netto…
29 Jan 2021 58 min

BizNews Finance Friday: Making the most of your money in 2021 - expert insights

Our popular, highly interactive Finance Friday webinar is back. This week, we were joined by global index-tracking expert Lisa Segall of GinsGlobal Index Funds, and award-winning, independent investment expert Magnus Heystek of Brenthurst Wealth Management. It was a vibrant conversation on how to make the most of your hard-earned savings…
22 Jan 2021 53 min

Rational Radio: A must-listen Naspers discussion with CFO Basil Sgourdos

The Noontime webinar is the only weekly webinar hosted by BizNews founder Alec Hogg, with SA's favourite market commentator David Shapiro from Sasfin, as the regular guest. This week our CFO in focus was Basil Sgourdos of Naspers. The money manager supporting David and Alec with the questions was Adrian…
30 Nov 2020 1 hr 07 min