SPAC Boom and SoftBank’s Mega-Rally Boost Masayoshi Son’s Billions
- Son has lowered the pledges on his SoftBank stake to 33%
- Shares top dot-com peak as the Vision Fund expects more IPOs
Masayoshi Son
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Few fortunes are as volatile as Masayoshi Son’s.
The SoftBank Group Corp. founder was briefly richer than Bill Gates at the start of the century before tech stocks crashed. In March 2020, as markets sank under Covid-19 and questions swirled over SoftBank’s investments, his wealth dipped to $8.4 billion, the lowest since 2016.