In just the first two weeks of August, SoftBank founder Masayoshi Son boosted his wealth by $9 billion. Softbank Group Corp's shares hit record highs as the company's artificial intelligence investments delivered tremendous success, putting Son's fortune back on an upward trajectory after years of volatility.
According to the Bloomberg Billionaires Index, Son's net worth now stands at $31.3 billion, making him Japan's second-richest person behind Fast Retailing's Tadashi Yanai. The founder and largest shareholder of the Tokyo-listed company controls a global technology investment portfolio spanning from chipmakers to startups.
A rebound in SoftBank's flagship Vision Fund, combined with substantial gains from asset sales including portions of its T-Mobile US holdings, has provided Son with fresh capital to further accelerate investments in artificial intelligence-related ventures.