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According to Arabia Net, Richard Kaye, equity analyst and portfolio manager for CommGate Asset Management, expected the share value to double on the back of a set of positive data, confirming that WeiWork losses will not affect On group gains.
According to japantimes, the shares of the technology giant more than doubled from their lowest levels in March, driven by repurchases and improving the market conditions of its portfolio companies.
SoftBank shares rose 3.6% on Monday, as SoftBank bonds recovered to moderate levels.
Masayoshi Son (62 years old) has seen his net worth rise to $ 20 billion, the highest level since the Bloomberg Billionaires Index began tracking his fortune.
Thus, Sun's wealth increased by about 12 billion dollars within three months to reach 20 billion dollars, which means that it jumped more than twice compared to the level of his wealth last March. .
The SoftBank Group estimated that it would incur record losses of about $ 13 billion for the full fiscal year under pressure from a loss in its $ 100 billion vision fund, which renewed Focus on a plan to sell assets to raise cash and restore confidence.
The performance of the fund, which Masayoshi Sun CEO has commented on a lot, will cause the group's largest annual loss, highlighting the need for his plan to raise up to 4.5 trillion yen through Sale of assets.
It is reported that the company’s founder had unveiled plans to sell 4.5 trillion yen of assets to reduce debt and finance share buybacks.
(Fun Knowledge of Knowledge)
