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RE: LeoThread 2024-08-05 10:22

in LeoFinance5 months ago

SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son's fortune

SoftBank CEO Masayoshi Son's net worth fell by $4.6 billion on Monday, according to the Forbes real-time billionaires list, as the company's share price lost nearly 19%.

SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son's fortune.

Shars of the Japanese giant, known as one of the world's largest tech investors through its massive Vision Fund, have slid since last Thursday, as Japanese equities began to fall after the Bank of Japan raised its benchmark interest rate.

#newsonleo #technology #softbank #stock