SoftBank Group founder Masayoshi Son has become Asia’s wealthiest person with a $97 billion net worth as the company’s stock hits record highs driven by aggressive artificial intelligence investments.
Key Points
- SoftBank’s market capitalization reached $298 billion, surpassing Toyota Motor to become Japan’s most valuable company.
- Masayoshi Son’s net worth rose to $97 billion, overtaking Reliance Industries Chairman Mukesh Ambani as the richest person in Asia.
- SoftBank shares have rallied over 80% this year, largely fueled by the company’s 90% stake in chip designer Arm Holdings.
- The conglomerate has invested over $30 billion in OpenAI and committed an additional $20 billion to the AI firm by October.
- Son announced plans for an $87 billion investment in AI infrastructure, including data centers across France.
- SoftBank maintains a loan-to-asset leverage ratio of 17%, remaining well below its self-imposed 25% limit.