SoftBank Group Chairman Masayoshi Son
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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. 

(IPO ~ Initial Public Offering)

“ Masayoshi Son SoftBank Vision Funds Record $27 Billion Losses, Portfolio Includes Coupang, GRAB, Didi, Alibaba “

 

Reuters:


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