One of Japan’s richest men is raising more questions about his wealth.
. But with Zozo reeling from a series of strategic missteps, his latest comments have left many wondering whether his days as a high-spender could be over.
Zozo didn’t immediately provide further comment. Maezawa’s net worth is currently estimated at $1.4 billion, taking into account the pledged shares, according to the Bloomberg Billionaires Index. Maezawa, who owns 36% of Zozo’s outstanding shares, according to data compiled by Bloomberg, has steadily increased the amount of his stock holdings pledged as collateral in loan agreements to banks. The ratio was 88% in February, up from 79% a year ago and 69% two years ago, according to regulatory filings with the nation’s financial watchdog. Julius Baer Group and Mizuho Financial Group Inc. are also mentioned in the filings as his counterparties.
SoftBank Group Corp. founder Masayoshi Son has pledged about a third of his stock holdings in his company, filings show. Rakuten Inc.’s Hiroshi Mikitani did not pledge any shares, and neither did Fast Retailing Co. boss Tadashi Yanai, who has regularly traded jabs with Maezawa over the future of fashion shopping.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A SpaceX capsule built to fly humans was 'destroyed' during testing in Florida, company VP saysA top SpaceX official on Thursday confirmed reports that one of the company's Crew Dragon capsules was completely lost during testing in April.
Read more »
SpaceX confirms its Crew Dragon capsule, built to carry humans, was destroyed during a test fireAfter more than a week of speculation, SpaceX confirmed that its Crew Dragon spacecraft was 'destroyed' during a recent test fire.
Read more »
SpaceX shipment reaches space station after weekend launchThe Dragon capsule reached the orbiting complex Monday.
Read more »
SpaceX launches latest mission after ISS solves electrical problemsSpaceX has finally launched its mission to resupply the International Space Station after a series of delays
Read more »
SpaceX launches supplies to space station after power delaysCAPE CANAVERAL, Fla. (AP) — SpaceX launched a load of supplies to the International Space Station on Saturday following a pair of power delays. A Falcon rocket raced into the pre-dawn...
Read more »
SpaceX launches supplies to space station after power delaysSpaceX has launched a load of supplies to the International Space Station, running at full power following repairs
Read more »
SpaceX delays launch to freshly repaired space stationCAPE CANAVERAL, Fla. (AP) — SpaceX delayed a supply run Friday to the International Space Station, back to full power and accepting deliveries after quick repairs. A Falcon rocket was poised...
Read more »
SpaceX delays launch of supply run to International Space StationAn electrical problem crops up at the last minute with the ocean platform needed to recover the first-stage booster following liftoff.
Read more »
SpaceX confirms testing ‘anomaly’ destroyed Crew Dragon capsuleA SpaceX Crew Dragon astronaut capsule was destroyed in an accident during testing last month in Florida, a company executive confirmed Thursday morning.
Read more »