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ISSUE – Fab. 08 | SoftBank’s Son Transforms $5.5 Billion to $17 Billion Overnight

Call it the Masayoshi Son mathematical distortion field. The founder of SoftBank Group Corp. added about 1.94 trillion yen ($17.6 billion) to the market value of his company Thursday — by unveiling a plan to buy back shares worth less than a third of that amount. Based on his own stake, Son’s net worth rose by about $5 billion. His fortune was estimated at $14 billion before Thursday’s rally, according to the Bloomberg Billionaires Index.[ Bloomberg ]

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