100 million is the wealth that ordinary people can hardly accumulate in their lifetime, however, Sun Zhengyi needs to repay the debt interest of up to 200 million a day. Therefore, he is saddled with a high debt of 1.1 trillion yuan, which is called "the world's first failure".
However, even if it is the world's first loss, Son Zhengyi is not worried at all, he is a determined investor, an investor with a sense of adventure.
Mentioning Sun Zhengyi and his investment myth, we have to mention the story of Son Zhengyi's 6-minute decision to invest in Alibaba, which brought 70% of the return to Sun Zhengyi's total investment cause and is also Sun Zhengyi's proud work.
Before investing in Alibaba, Son has successfully proven his investment vision. At that time, when Yahoo's founder, Yang Jerry, did not dare to package tickets to succeed, Son Zhengyi invested more than 300 million US dollars after having two meals with Yang Jerry, directly helping Yahoo to become the world's largest network technology company at that time.
Therefore, Sun Zheng has also become the object of many network technology companies founders vying to win. Son Zhengyi himself is also optimistic about the Chinese market, and at a project evaluation meeting, Sun Zhengyi and Jack Ma, the founder of Alibaba, met.
At that time, Alibaba was just a small company that had just grown up and improved slightly, and As the founder, Ma Yun was looking around for investment in the company. But just a day before Son and Ma met, Alibaba had just secured a $5 million investment from Goldman Sachs. Son Zhengyi is not an investor that Ma Yun must strive for.
At that time, Ma Yun knew from his friends that Sun Zhengyi was in Beijing, and Ma Yun, who had heard his name for a long time, naturally wanted to meet this investment tycoon, and it was Ma Yun who could exchange ideas with Sun Zhengyi. However, after pushing open the door of Son's conference room and introducing Mr. Ma to Mr. Sun in detail about his startup Alibaba and his idea of expanding people's online communication to shopping, Mr. Sun became intrigued.
He offered to take a look at Alibaba's website. Ma Yun did not think that things were going well before, he did not make sufficient preparations, or Sun Zhengyi's assistant opened the website founded by Ma Yun on the spot and introduced sun Zhengyi. After a detailed understanding, Son Zhengyi immediately decided to invest in Ma Yun.
Subsequently, Sun Zhengyi's delegation went to Hangzhou to visit Alibaba, and after meeting the 18 founders of Alibaba, Sun Zhengyi's team felt that Ma Yun had outstanding leadership skills and was very optimistic about Ma Yun. Some time later, Ma received an invitation from Son from Tokyo to discuss investment matters.
At that time, Alibaba had already received an investment and was in the stage of not being short of money. Ma Yun's team is not interested in Sun Zhengyi's joining, but Ma Yun feels that Sun Zhengyi wants to do this, then we must talk about it. Son Zhengyi did not disappoint Ma Yun, and when he first discussed, he proposed to invest $40 million in Alibaba.
Such a large amount of money, Ma Yun is a little unexpected, and his mood is very excited. Later, after consultation with the Alibaba team, Ma Yun decided to accept SoftBank's $30 million investment, accounting for 30% of the shares, and Sun Zhengyi also happily agreed.
Today, Alibaba's products have become a platform that hundreds of millions of Chinese use every day. After the successful listing of Alibaba, Son Zhengyi's investment of 20 million US dollars in that year achieved thousands of times of returns after more than a decade, which became a good story in the history of Internet investment and also achieved the investment myth of Sun Zhengyi. Sun Zhengyi can make judgments about the next ten years from the current events, have a long-term vision, and dare to think and dare to do.
In the second year of junior high school, Sun Zhengyi read a book "Ryoma Is Coming", in which the protagonist Sakamoto Ryoma abandoned his family and resolutely pursued his dream, which greatly shocked Sun Zhengyi's heart, which became the spiritual source of his future work.
Son's path to computers was inspired by Fujita, the father of McDonald's in Japan. At that time, Son Zhengyi, who was still a student, made more than 80 phone calls to his secretary in order to meet Fujita, and after being rejected by the secretary, he flew to Tokyo and boldly asked the secretary to directly inform Fujita of his request to meet. In the end, Son got his wish, he talked to Fujita for 15 minutes, asked Fujita about his future, and Fujita gave him advice to learn English and computers.
Son, who found the answer, immediately flew to the United States to learn English first. In the United States, he boldly challenged to finish high school in three weeks, the language was not clear, the paper could not be understood, he went from the school principal to the governor, and for the first time in history, he completed the exam by checking the Japanese-English dictionary, and was successfully admitted to the University of the Holy Name. Then, he followed the girl he loved to the University of California to study economics and major in computer science.
Son Zhengyi, who studied at the university, seized every time to study and read to prepare for the future. In order not to waste his rest time, he began to invent, developed a translator, and earned his first pot of gold.
Of course, the business-minded Son Zhengyi is not addicted to invention. After the translator was made, and then perfected by the technical master, Son Zhengyi returned to Japan with this work and actively promoted his own products. In the end, the invention patent brought Son Zhengyi 100 million yen in revenue from the famous Sharp Company.
The ambitious Son set long-term goals for his life, becoming famous at the age of 20, saving 100 billion yen at the age of 30, and having a company with a business scale of 1 trillion yuan at the age of 50. This goal, which seems to be a child's ambition, has been achieved one by one in Sun Zhengyi's life.
Later, relying on the agency cooperation business that took the initiative to fight, Sun Zhengyi's SoftBank Group gradually went to success. In 1994, the 13-year-old company went public, and Son zhengyi was 37 years old at the time and worth $1 billion. However, Son Zhengyi was not satisfied, and he set his sights on the just emerging Internet economy.
With a forward-looking vision, he has invested in future Internet companies such as Yahoo and Alibaba, as well as companies such as NetEase and Sina, which we are familiar with. Son Zhengyi is the largest shareholder of Uber, Didi and other companies. He founded the Vision Fund, the world's largest venture capital fund.
It can be said that in all corners of life involving software, we can find the figure of Son Zhengyi. Son Zhengyi is like the Bole of network technology companies, injecting impetus into the development of these companies and escorting them.
The success of these companies has also led to the expansion of SoftBank Group's assets by thousands of times, with a market value of tens of billions of dollars. Son Zhengyi's investment strength has become a business legend, and Son Zhengyi himself is like a mythical existence.
However, people are people after all, and there will always be times when there are lows. The investments of the Vision Fund founded by Son Zhengyi have not seen gains in recent years, and 15 of the 88 companies invested are facing bankruptcy, most of which are in a state of loss. One bad news after another came, SoftBank was saddled with trillions of debts, constantly encountering a decline in credit ratings, and Sun Zhengyi's reputation declined all the way.
However, Son himself has firm confidence, he optimistic about his investment, looking forward to long-term returns. He continues to be at the helm of his Own SoftBank empire, and Son is ambitious, hoping to spread his influence across tech companies of all kinds. Debt is only a small piece of Sun Zhengyi's business map, he has a strong strength to carry these debts, maintain the normal operation of funds, and continue his legend!