Friday, 24 March, 2023

Masayoshi Son Owes $4.7bn To SoftBank Following Tech Rout

<p>Due to mounting losses on the Japanese conglomerate&#39;s technological ventures, which have also rendered the value of Masayoshi Son&#39;s stake in the group&#39;s second Vision Fund worthless, Masayoshi Son personally owes SoftBank close to $5 billion (&euro;4.8 billion). The world&#39;s largest tech investor, SoftBank, was battered by falling tech stocks and valuations in private firms over the last year, which led to the discovery of the billionaire&#39;s rising personal liabilities.</p>