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SoftBank boss follows Trump to Saudi to launch $100 billion fund

SoftBank Group shares surged after Son's December meeting with Trump and his announced investment

Reuters  |  TOKYO 

Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new US president makes his first overseas trip since taking office. Son, head of Japan's SoftBank Group Corp, travels to Riyadh this weekend where he is expected to announce the close of the first fundraising round for what will be the world's biggest private equity fund, backed by Saudi Arabia's sovereign wealth fund and Apple Inc. His appearance in the Saudi capital and the expected ...

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First Published: Fri, May 19 2017. 16:14 IST