Billionaire Jokes `I Have No Money' as He Sells Art, Lends Stock
- Maezawa pledged 88% of stock holdings to banks: filing
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One of Japan’s richest men is raising more questions about his wealth.
Yusaku Maezawa, the founder and largest shareholder of the country’s online fashion shopping site Zozo Inc., said on Twitter that he’s selling more of his notable art collection to raise money. That comes as he pledged an usually high percentage of his stock holdings -- 88 percent -- as collateral to banks including UBS Group AG and Nomura Holdings Inc.