SoftBank Billionaire Son Trims Share Pledges After AI Rally

Masayoshi Son reduced the SoftBank Group Corp. shares he’s pledged to lenders by $2.1 billion in recent months, lowering his collateral after bets on artificial intelligence propelled the latest comeback in his volatile technology fortune.

Son trimmed his committed shares by 19.4 million to around 154.2 million, according to a filing earlier this month. About 31% of Son’s holdings in the Tokyo-listed company are now pledged to banks, down from near 39% in March 2020, data compiled by Bloomberg show.