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SoftBank shares drop 11%, Masayoshi Son loses $13B and Asia's richest title to Mukesh Ambani

Market News
04 Jun 2026
Forbes
View Source
Bearish
pluang ai news

Masayoshi Son's net worth fell by over $13 billion after SoftBank shares dropped more than 11% amid a tech sell-off. This decline caused Son to lose his position as Asia's richest person to Mukesh Ambani. SoftBank, recently Japan's largest firm by market value, saw its shares fall in Tokyo and over-the-counter U.S. trading. The sell-off reflects broader market pressures on tech stocks and impacts Son's financial standing significantly.

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