After striking out with WeWork, SoftBank founder Masayoshi Son's net worth has jumped $1.2 billion
Japanese conglomerate SoftBank has made headlines in the past six months for all the wrong reasons — namely its catastrophic bet on real estate rental firm WeWork and disappointing returns on its Uber investment. Today, its founderSoftBank stock closed Friday in Tokyo up 7.
1% after a report from thethat hedge fund Elliott Management has over time acquired a $2.5 billion stake in SoftBank and is pushing for a stock buyback and governance changes. The surge lifted Son’s net worth by $1.2 billion to $21.6 billion as of the market close on Friday in Japan. The 63-year-old owns slightly over a quarter of SoftBank and is the second-richest person in Japan behind
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon is opening a new office in New York City. Here are 11 mind-blowing facts that show just how wealthy CEO Jeff Bezos really is.Worth an estimated $109 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $1.2 million.
Read more »
When 'Marriage Story' Is Reality: How Divorcing Couples Play Real Estate Games in L.A.Noah Baumbach's Oscar-nominated film MarriageStory strikes a nerve among brokers and family lawyers, who reveal how separating spouses navigate property dilemmas in a divorce industry worth $50 billion nationwide
Read more »
Stocks jump on China tariff cuts, jobs data, coronavirus vaccine hopes - Business InsiderGlobal stocks climb on China's planned tariffs cuts, strong US jobs data, and hopes for a Wuhan coronavirus vaccine
Read more »
Pinterest stock jumps after earnings beat, prediction of more than $1.5 billion in 2020 revenuePinterest Inc. shares soared more than 15% higher in after-hours trading Thursday after the social-media company reported better earnings and revenue than...
Read more »
Twitter notches first $1 billion quarterly revenue, beating estimates; shares jumpTwitter Inc pulled in $1 billion in quarterly revenue for the first time on Thur...
Read more »