19 September 2019 - 12:40London/Tokyo — Masayoshi Son, who built a $15.2bn fortune investing in tech start-ups such as Alibaba Group, is betting on himself more than ever, even as his empire shows signs of vulnerability.
The loan was swapped for equity in the fund and will generate profits when deals make money — and losses when they don’t Son has also leveraged his stake in the vision fund, which invests in tech start-ups. That boosts his returns if things go well, but with outsized losses if they don’t. Uber Technologies’s falling market capitalisation and WeWork’s travails are set to dent the 62% return on the fund that SoftBank reported through March.
It’s unclear how much of this compensation will be reported in SoftBank’s next annual report. Son’s pledged shares, which currently have a market value of $9bn, are excluded from his net worth calculation by the Bloomberg billionaires index. SoftBank spokesperson Hiroe Kotera declined to comment.
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