Masayoshi Son promises to invest $ 100 billion in the US: what does this mean for the future?
17 december 2024 в 03:28
The CEO of the Japanese multinational investment company SoftBank, Masayoshi Son, promised a major investment deal with Donald Trump for the United States. On December 16, 2024, they jointly announced that SoftBank’s Masayoshi Son will invest $ 100 billion in artificial intelligence and infrastructure projects.
«My confidence level in the United States economy has significantly increased with his victory», - Son said, standing next to Trump, according to CNBC. «President Trump is a president who doubles down. I will have to double down».
Media reports also stated that after the 2016 elections, Son and Trump made a similar promise to invest $ 50 billion. The goal at that time was to create 50,000 jobs for the American economy, according to CNBC.
During their announcement, Trump added that Son «is doing this because he feels very optimistic about our country after the elections».
«This historic investment is a monumental demonstration of trust in America’s future, and it will help ensure that artificial intelligence, new technologies, and other industries of tomorrow are created and developed right here in the USA», - Trump added.
Find out what the net worth of Son and SoftBank is today.
Son is a Japanese billionaire and entrepreneur, founder, chairman, and CEO of SoftBank. In 2024, Forbes included him in the list of «World Billionaires».
Son founded the investment group in 1981 when he was 24 years old, according to multiple sources.
According to Forbes, by 2024, Son’s net worth was $ 32.7 billion. During the dot-com crash, Son reportedly lost around $ 70 billion from his total wealth of $ 78 billion.
According to Forbes, in March 2024, SoftBank reported a loss of $ 1.7 billion, which was lower by about $ 7 billion compared to the previous year.
According to Stock Analysis, by 2024, SoftBank’s market capitalization was $ 88.4 billion
«My confidence level in the United States economy has significantly increased with his victory», - Son said, standing next to Trump, according to CNBC. «President Trump is a president who doubles down. I will have to double down».
Media reports also stated that after the 2016 elections, Son and Trump made a similar promise to invest $ 50 billion. The goal at that time was to create 50,000 jobs for the American economy, according to CNBC.
During their announcement, Trump added that Son «is doing this because he feels very optimistic about our country after the elections».
«This historic investment is a monumental demonstration of trust in America’s future, and it will help ensure that artificial intelligence, new technologies, and other industries of tomorrow are created and developed right here in the USA», - Trump added.
Find out what the net worth of Son and SoftBank is today.
Son is a Japanese billionaire and entrepreneur, founder, chairman, and CEO of SoftBank. In 2024, Forbes included him in the list of «World Billionaires».
Son founded the investment group in 1981 when he was 24 years old, according to multiple sources.
According to Forbes, by 2024, Son’s net worth was $ 32.7 billion. During the dot-com crash, Son reportedly lost around $ 70 billion from his total wealth of $ 78 billion.
According to Forbes, in March 2024, SoftBank reported a loss of $ 1.7 billion, which was lower by about $ 7 billion compared to the previous year.
According to Stock Analysis, by 2024, SoftBank’s market capitalization was $ 88.4 billion
© Zhinobaeva Margarita
