Another day, another $5 billion in the purse for SoftBank’s Chief Executive Officer Masayoshi Son. The Japanese business mogul saw a boost to his net worth after he maneuvered the biggest stock buyback in his company’s history.

On Wednesday, shares of the SoftBank Group surged after Son announced that the firm would be initiating a stock buyback following the favorable financial performance it recorded in Q4 2018. The $6 billion Buyback Son has always favored reinvesting his capital on technological innovation and investment opportunities, and this $6 billion stock buyback presents an opportunity for the company to do just that.

The post Softbank CEO is $5 Billion Richer after Masterminding Company’s Biggest-Ever Stock Buyback appeared first on CCN

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