Masayoshi Son Regains Title as Japan’s Richest Person at $80 Billion as SoftBank Posts Record Profit but Faces S&P Downgrade Over OpenAI Exposure
SoftBank’s record profit and OpenAI gains lifted Son’s wealth 80% above his prior peak. The company also announced major AI data-center spending in France.
ForbesMasayoshi Son regained the title of Japan’s richest person after a four-year gap, with his net worth reaching a record $80 billion, Forbes reported. 4 billion in 2021. SoftBank Group’s shares more than tripled during the period, driving the rise in Son’s wealth.
8 trillion. The company attributed the performance to a cumulative $45 billion gain on its Vision Fund investment in OpenAI. OpenAI reached a valuation of $852 billion after a March funding round.
SoftBank said its multibillion-dollar investments in OpenAI are financed by loans and the sale of holdings in Nvidia and T-Mobile. The company plans to scale those investments to $65 billion by October, securing a 13% stake. ” In May, SoftBank announced a €75 billion investment in France to develop and operate AI data centers with a total capacity of 5 gigawatts.
1 gigawatts, is scheduled for completion by 2031.
