SoftBank CEO Masayoshi Son
UK’s Arm stock price surge
Assets increase by $3.8 billion
There is a corporate executive whose assets have soared by 5 trillion won due to the sharp rise in the stock price of Arm, a UK semiconductor design company.
Bloomberg reported on the 13th that “With the surge in Arm’s stock price, the assets of SoftBank CEO Masayoshi Son have increased by about $3.8 billion this year.”
Arm’s stock price has surged by 192% from the initial public offering price of $51 since its listing on the New York Stock Exchange last year.
SoftBank holds 90% of Arm’s stake, and CEO Son holds about one-third of SoftBank’s shares.
With this stock price increase, the size of CEO Son’s assets has been confirmed to be $15.1 billion, or about 20.1917 trillion won.
This scale ranks in the top 30 of the world’s 500 wealthiest people according to the Bloomberg Billionaires Index.
SoftBank holds a 90% stake in Arm, and CEO Son holds about one-third of SoftBank’s shares.
With this stock price surge, CEO Son’s assets have been confirmed to be $15.1 billion, placing him among the top 30 individuals of the 500 richest worldwide according to the Bloomberg Billionaires Index.
Meanwhile, Masayoshi Son, a leading figure in the Japanese IT industry, was born in Saga Prefecture, Japan, in August 1957 and is a third-generation Korean-Japanese, competing for the first and second place in Japan’s wealth ranking.
CEO Son, who majored in economics and computer science at UC Berkeley in the United States, founded SoftBank with a capital of 100 million yen and two employees in September 1981.
Investing in advanced US companies propelled him to 17th place among the “50 Most Influential People in Cyberspace” in the US in 1998 by Time magazine.
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