Japanese billionaire Masayoshi Son only Asian among world's 5 biggest wealth losers
Japan’s second-richest man Masayoshi Son was the only Asian billionaire among the world’s five biggest wealth losers on Wednesday afternoon.
Japanese billionaire Masayoshi Son, the CEO of SoftBank Group, experienced a significant drop in his wealth, marking him as the only Asian among the world's five biggest wealth losers. According to real-time data from Forbes, Son's net worth plummeted by US$1.6 billion in a single day, representing a 2.9% decrease from the previous day.
His net worth is now valued at $52.9 billion, placing him at 35th globally in terms of wealth. SoftBank shares suffered a 3.2% decline on Wednesday, with a broader 34% year-to-date loss. Son has been increasingly allocating SoftBank's investments towards artificial intelligence, including a substantial stake in OpenAI, the creator of ChatGPT, and participation in the $500 billion Stargate AI infrastructure project in the United States.
At the opposite end of the spectrum, Amancio Ortega, the Spanish co-founder of Inditex, the parent company of Zara, was the world's biggest wealth loser, with his net worth dropping by $2.9 billion to $146 billion. As a result, Ortega fell to 12th place globally in terms of wealth. The Walton family, comprising Rob and Jim Waltons along with their sister Alice, ranked 2nd, 3rd, and 4th on the list, each facing a loss between $2.5 billion and $2.6 billion.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
