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Masayoshi Son SoftBank Vision Funds Record $27 Billion Losses, Portfolio Includes Coupang, GRAB, Didi, Alibaba
12th May 2022 | Hong Kong
Japanese billionaire Masayoshi Son’s SoftBank Vision Funds had recorded $27 billion of losses (JPY 3.5 trillion) for the year ending 2022 March.At the 2022 earnings presentation, Softbank Masayoshi Son: ”We, SoftBank, should be taking defense.”SoftBank portfolio includes Coupang (-80%), GRAB (-79%) and Didi (-90%) which had performed badly since IPO and also key stake in Alibaba which had been impacted by China government clampdown on technology sector.Masayoshi Son is one of Japan’s top 10 richest man with around $22 billion of personal fortune.
Caproasia.com | The leading financial website for investment managers, professional investors, UHNW & HNW investors and advisors to institutions, billionaires, UHNWs & HNWs.Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
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