“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”
August 12, 2024
“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune.
On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list.
Monday’s price plunge leaves SoftBank’s shares just 1.7% higher for the year.
About $28.3 billion has been wiped off SoftBank’s value since the close of trade on Wednesday, according to CNBC calculations…”