Son | Svensk Porr

Son | Svensk Porr
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Sonoco (SON) is executing price-increase actions in response to persistently rising costs for European energy.
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BRUSSELS, Belgium, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Sonoco-Alcore S.a.r.l. announces today that due to the continued escalation in the cost of European energy it will raise prices by €70 per tonne on all recycled paperboard grades sold in the Company’s EMEA regions effective for shipments made on or after the 1st September 2022. “In light of the significant increases seen across the recent energy markets, the uncertainty facing the forthcoming winter period and the resultant impact on our suppl

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Masayoshi Son founded and runs mobile telecom and investment giant SoftBank Group. Investors in Son's Vision Funds include Apple, Qualcomm, Foxconn, the family office of billionaire Larry Ellison and Saudi Arabia's sovereign fund. The Vision Funds have invested in over 100 companies, including ride-share firm Grab, Korean e-commerce leader Coupang and India's Paytm. SoftBank's shares took a hit in 2021 after ride-hailing firm Didi Chuxing, facing pressure from Chinese regulators, decided to delist six months after its U.S. listing and relist in Hong Kong. For the year ended March 2022, the two Vision Funds reported a $27 billion loss.
Source of Wealth internet, telecom, Self Made
Education Bachelor of Arts/Science, University of California, Berkeley
Son spent more than $100 million on a 9-acre estate in Silicon Valley with a 9,000 square foot mansion.
Son got his undergraduate degree from UC Berkeley.
In December 2016 at Trump Tower, Son promised that SoftBank would lead $50 billion in investments in U.S. companies and create 50,000 jobs.
SoftBank-backed Indian hotel aggregator Oyo Hotels and Homes is looking to list in 2022.
Related by financial asset: SoftBank Group Corp.
Related by origin of wealth: internet, telecom
Related by education: University of California, Berkeley
Related by education: University of California, Berkeley
Masayoshi Son is going to bolster the coffers of his SoftBank Group with a $34 billion gain from cutting its stake in Chinese e-commerce giant Alibaba.
After gorging on a record 183 deals last year, Masayoshi Son’s SoftBank has come down to earth amid deteriorating economic conditions that have erased billions of dollars from the valuations of technology startups.

SoftBank has been deploying more than $130 billion of investment capital on a bewildering array of startups across the globe. But for all too many of them, Son’s team arguably overpaid.
By William Pesek Senior Contributor
Softbank COO Marcelo Claure reportedly clashed with the company’s founder and sought as much as $1 billion in compensation.
Few international funds are as exposed to what happens next in Beijing’s regulatory crackdowns than Masayoshi Son’s SoftBank.
By William Pesek Senior Contributor
Shares of Masayoshi Son’s SoftBank Group hit an all-time high of 10,420 yen on Tuesday, lifting his fortune to $48 billion.
Masayoshi Son, the billionaire founder of SoftBank, wants his investment funds to produce between 10 and 20 “golden eggs” each year.
As confusion over an Oracle-TikTok deal mounts, a source close to the discussions says that the famed Japanese investor will not be on the TikTok board.
Son’s exit follows SoftBank’s announcement in May that Jack Ma, Alibaba Group’s main founder and one of the world’s richest men, would leave SoftBank’s board on that same date.
Between the WeWork debacle and the coronavirus, the markets have deemed Masayoshi Son’s $100 billion Vision Fund largely worthless. But the world’s most important investor over the past three years has other Softbank assets, a track record -- and a plan.
Shares of the troubled Japanese conglomerate jumped 7.1% on Friday in Tokyo on news that hedge fund Elliott Management has acquired a stake and is pushing for a stock buyback and governance changes at SoftBank.
Masayoshi Son has nearly fulfilled his $50 billion investment pledge. Proving that the money has resulted in 50,000 jobs is much harder, and his biggest investments are laying off thousands. He’s got one more year to fulfill his promise.
Amid the tailspin at WeWork, Japanese conglomerate SoftBank risks denting the support of Vision Fund investors, including Apple.
Japan’s second richest person and SoftBank Group CEO Masayoshi Son struck a humble tone after the mobile telecom and investment firm announced its first quarterly loss in 14 years on Wednesday.
Billionaire investor Masayoshi Son has confirmed that WeWork has accepted an offer from Softbank of $5 billion in new financing and up to $3 billion for existing shareholders.
Billionaire Masayoshi Son, the CEO and founder of SoftBank said he is “embarrassed” by his track record following the setbacks at marque investments like Uber and WeWork.
© 2022 Forbes Media LLC. All Rights Reserved.

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