Skip to content

Businessman loses $ 41 million in pandemic

September 7, 2020

Yusaku Maezawa, founder and former CEO of online fashion store Zozo, has lost around $ 215 million so far this year.

2 min read


  • The businessman has a net worth of $ 3,500 million and has lost around $ 215 million so far this year.
Businessman loses $ 41 million in pandemicBusinessman loses $ 41 million in pandemic

The COVID-19 pandemic has affected both small and large businesses. This time it was the turn of Japanese billionaire Yusaku Maezawa, founder and former CEO of online fashion store Zozo, who lost more than $ 41 million in the stock market due to volatility caused by the coronavirus pandemic.

Through his Twitter account, the Japanese businessman said that a series of operations related to buying and selling short-term stocks resulted in total losses of 4,400 million yen (approximately $ 41.4 million).

“How many people could have distributed and saved the money with 4.4 billion yen? There is no end to this regret, ”he said.

The businessman in 2017. Photo: Facebook Zozo

According to Bloomberg, the businessman has a net worth of $ 3.5 billion and has lost around $ 215 million so far this year.

Maezawa is known for its extravagant ads on Twitter. He said he would make up for what he lost in his business.

Receive Breaking News !

Install
×
Enable Notifications    Ok No thanks