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SoftBanks Masayoshi Son may have become billions richer in one day



The massive win on Thursday came after the SoftBank Group announced which investor called a "huge" stock purchase on Wednesday.

SoftBank Group said it would repurchase 112 million shares worth 600 billion yen (about $ 5.46 billion) over the next 11 months, or about 10.3 percent of its outstanding shares, except for its own shares. It came as though the company announced a more than 50 percent increase in net revenues for the first three quarters of the fiscal year.

SoftBank has been thrown into the limelight in recent years as a result of its vision fund that has shaken up the global technology landscape. The fund has invested in companies such as the WeWork operator The We Company and the giant giants Uber, Didi Chuxing, Grab and Ola.

According to Forbes & # 39; real-time tracks, Son has a net worth of around $ 21

.5 billion. 19659002] – Reuters contributed to this report.


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