On June 2, the Forbes Real-Time Billionaires List showed that Masayoshi Son, founder and CEO of SoftBank Group, saw his net worth climb to US$100.7 billion, surpassing Indian billionaires such as Ambani and Adani to reclaim the title of Asia's richest man after more than a decade. As the founder of Japan's SoftBank Group, Son is best known for his US$80 million investment in Alibaba, which ultimately yielded returns of approximately US$73 billion.
At the start of June, SoftBank Group's stock price experienced a surge, hitting an all-time high. On June 1, SoftBank's stock rose as much as 14.71%, pushing its market capitalization to 48 trillion yen (approximately US$306 billion). On June 2, the stock fell 4.52%. Analysts suggest that this surge in SoftBank's market value was primarily driven by a sharp rise in the stock price of chip design company ARM and rumors of an OpenAI initial public offering (IPO).
On May 21, following Nvidia's positive outlook on the CPU market, ARM's stock surged 16.16%, hitting a record high since its listing and breaking through a market capitalization of US$300 billion. On the same day, market sources also reported that OpenAI plans to secretly file a draft IPO prospectus with the U.S. Securities and Exchange Commission (SEC) in the near future, with the goal of officially listing on the capital market as early as September this year.
On May 13, SoftBank Group released its latest financial results, showing that its net profit for the January-March quarter more than tripled year-on-year to 1.83 trillion yen (approximately RMB 78.7 billion), primarily due to the appreciation of its investment assets in OpenAI being recorded in the books.
Related News:
Haiti men's football team qualifies for World Cup after 50+ years
Comment