Masayoshi Son Loses Title of Asia's Richest, Personal Wealth Drops by $13.2 Billion in One Day
On June 4, Forbes' real-time billionaire rankings indicated that Masayoshi Son, founder and CEO of SoftBank Group, saw a 13% decrease in his personal wealth in a single day, with $13.2 billion evaporating from his net worth. His latest valuation has fallen to $87.1 billion, dropping him behind Indian billionaires Mukesh Ambani and Gautam Adani. Meanwhile, SoftBank Group's (SBG) stock price has plummeted over 18% in the past three days, currently standing at 7,377 yen, with a total market capitalization of approximately 42.14 trillion yen, having been surpassed by storage giant Kioxia, thus losing its position as 'Japan's most valuable company.'
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