Japan's billionaires reap windfall from BOJ's October surprise

Nov 6, 2014

Japan's billionaires reap windfall from BOJ's October surprise

The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth. Fast Retailing Co. Chairman Tadashi Yanai, Japan’s richest person, saw his fortune grow by about $2 billion in ...

Son's $51 billion acquisition run faces speed bump

Oct 17, 2014

Son's $51 billion acquisition run faces speed bump

Billionaire Masayoshi Son’s 300-year business plan for SoftBank Corp. sees no pause in acquisitions that saw him splurge $51 billion in five years. Higher interest rates in the U.S. and Japan may put the brakes on his debt-fueled ambitions. SoftBank is Japan’s biggest corporate ...

Teen, inspired by SoftBank's Son, builds a startup

Oct 14, 2014

Teen, inspired by SoftBank's Son, builds a startup

by Komaki Ito

Yoichiro Mikami wanted to be the next Masayoshi Son, Japan’s second-richest man, so he dropped out of high school at 16 this year. Now he’s devoting all his time to Gnex Ltd., a crowdfunding firm backed by six sponsors, including Son’s Yahoo Japan Inc. ...

SoftBank sells first bonds since dropping T-Mobile bid

Aug 18, 2014

SoftBank sells first bonds since dropping T-Mobile bid

SoftBank Corp., the Japanese wireless carrier led by billionaire Masayoshi Son, plans to sell bonds for the first time after it abandoned talks to merge Sprint Corp. with T-Mobile US Inc. Son’s company is offering ¥400 billion in five-year notes to individual investors, and ...

Sprint names new CEO after dropping bid for rival T-Mobile

Aug 7, 2014

Sprint names new CEO after dropping bid for rival T-Mobile

Sprint’s new owner is replacing its longtime CEO with a Hispanic billionaire and entrepreneuer after dropping its bid for rival wireless carrier T-Mobile US. Marcelo Claure, the CEO of Miami-based cellphone distributor Brightstar, will replace Dan Hesse on Monday, Sprint Corp. said Wednesday. Claure, ...