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WeWork Mess Leaves SoftBank’s Masa Son $6 Billion Poorer

  • Son’s fortune is down 30% from July to about $13.8 billion
  • SoftBank is set to book a massive writedown on WeWork, Uber
Masayoshi Son
Masayoshi SonPhotographer: Akio Kon/Bloomberg
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Masayoshi Son is paying the price for bold bets on startups from WeWork to Uber Technologies Inc.

The founder of Japan’s SoftBank Group Corp. has seen his net worth slide about $6 billion from its peak this year after his strategy of aggressively backing technology pioneers backfired. His fortune tumbled to roughly $13.8 billion as of Tuesday, according to the Bloomberg Billionaires Index, after peaking in July at about $20 billion.