SoftBank CEO took $3-bn loan to invest in Vision Fund: Bloomberg

SoftBank Group's Founder and CEO Masayoshi Son loaned himself around $3 billion to invest in the Japanese conglomerate's first, $100-billion Vision Fund, Bloomberg reported citing sources. The 62-year-old has pledged 38% of his stake in the Japanese firm as collateral for personal loans from 19 banks, regulatory filings revealed. The loan was swapped for equity in the fund, Bloomberg added.