How SoftBank’s Son Bounced Back After the Dot-Com Crash
Back in the dot-com crash, Son thought his company would go bankrupt.
This article is for subscribers only.
At the height of the dot-com bubble in late 1999 and early 2000, Masayoshi Son's net worth was surging by $10 billion a week. For three days, he was the richest person in the world, Son said.
But before Son had a chance to tell anyone, SoftBank Group Corp. crashed. The company’s shares plunged 75 percent in two months and were 93 percent lower at the end of 2000. The business almost went bankrupt. Son lost much of his wealth.