{"id":15059,"date":"2013-03-04T02:03:06","date_gmt":"2013-03-04T02:03:06","guid":{"rendered":""},"modified":"2013-03-04T02:03:06","modified_gmt":"2013-03-04T02:03:06","slug":"Japan-s-second-richest-man-Masayoshi-Son-buys-most-expensive-house","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=15059","title":{"rendered":"Japan\u2018s second-richest man, Masayoshi Son, buys most expensive house"},"content":{"rendered":"

Recently news broke that a Woodside, Calif. home has fetched an astounding $117.5 million. <\/strong>The nine-acre estate quietly traded hands in November, according to county records, and had never been officially listed for sale. The news had some, like myself, suspicious that a \u201cfat finger\u201d typo was behind the astronomically high number gracing public records. After all, how could this property yield a nine-figure windfall when even the prized 92-acre Flood Estate totes a lower price tag of $85 million?<\/p>\n

The seller of the hilltop estate was Tully Friedman, chief executive of Friedman, Fleischer and Lowe, a San Francisco-based private equity firm. The buyer was SV Projects LLC, a so-called straw buyer entity tied to a Los Angeles law firm used to keep both the privacy and additional assets of the buyer safe. As of yet, the identity of that buyer is unconfirmed, though several Silicon Valley real estate sources suggest an Asian billionaire is behind the shockingly steep sale.<\/strong><\/p>\n

Affirming those suspicions, the Los Angeles Times alleges Japan\u2018s second-richest man, Masayoshi Son, is the super secretive buyer. <\/strong>Worth $7.2 billion by Forbes\u2019estimate, the software scion is no stranger to Silicon Valley, having received both high school and university education in the area. He is the chief executive of telecom giant Softbank, which recently graced headlines after announcing in October plans to acquire 70% of Sprint Nextel for $20.1 billion.
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