By Hollywood Life | Created at 2025-01-22 17:27:17 | Updated at 2025-01-22 20:55:42
3 hours ago
Masayoshi Son, the CEO of the Japanese multinational investment company SoftBank, has pledged a hefty investment deal with Donald Trump for the U.S. On December 16, 2024, the two jointly announced Son’s SoftBank will invest $100 billion into artificial intelligence and infrastructure-related projects.
“My confidence level to the economy of the United States has tremendously increased with his victory,” Son said while standing beside Trump, according to CNBC. “President Trump is a double-down president. I’m going to have to double down.” The outlet further reported that Son and Trump made a similar pledge of $50 billion after the 2016 election. At the time, the goal was to create 50,000 jobs for the American economy, according to CNBC.
During their announcement, Trump added that Son was “doing this because he feels very optimistic about our country since the election.”
“This historic investment is a monumental demonstration confidence in America’s future, and it will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are being created and grown right here in the USA,” Trump added
Now, in January 2025, Trump is promoting a joint project called Stargate, which aims to invest up to $500 billion over the next four years in infrastructure related to artificial intelligence. The initiative is backed by a new partnership between OpenAI, Oracle, and SoftBank.
At a briefing on Tuesday, January 21, with Trump, Son, Oracle founder Larry Ellison, and OpenAI CEO Sam Altman, Son said, “This is the beginning of a golden age,” referencing Trump’s statement that the U.S. would enter a “golden age” with his return to the White House.
President Trump has unveiled a $500 BILLION American AI investment alongside tech leaders Larry Ellison, Masayoshi Son, and Sam Altman, set to create 100,000 American jobs almost immediately!
America is leading the way into the future! 🇺🇸 pic.twitter.com/B6IGcu7yiH
— The White House (@WhiteHouse) January 21, 2025
Find out more about Son and where his and SoftBank’s net worth stands today.
Who Is Masayoshi Son?
Son is a Japanese billionaire and entrepreneur, best known as the founder, chairman, and CEO of SoftBank. In 2024, Forbes listed him on its “World’s Billionaires” list.
He founded the investment group in 1981 at the age of 24, according to multiple sources.
What Is Masayoshi Son’s Net Worth?
Son has a net worth of $34.1 billion as of 2025, according to Forbes.
During the dot-com crash, he reportedly lost about $70 billion of his total $78 billion fortune.
What Is SoftBank’s Net Worth Now?
According to Forbes, SoftBank Group reported a $1.7 billion loss in March 2024, a significant decrease from approximately $7 billion the previous year.
As of January 2025, SoftBank has a market cap of $94.85 billion, according to Stock Analysis.
