A Japanese billionaire Yusaku Maezawa revealed that he had lost 4.4 billion Japanese yen (equivalent to US $ 41.4 million). He failed to trade stocks due to uncertain market conditions due to the Covid-19 pandemic.
Maezawa expressed his regret through his Twitter account @ yousuck2020. Maezawa admits that he regrets losing money through daily trading, aka trading practices. He promised to restore it through his business.
Maezawa failed to trade because he was fooled by significant market changes
“I was blinded by virus-driven market swings and lost 4.4 billion yen through repeated short-term stock trading, something I don’t know yet,” Maezawa was quoted as saying by the South China Morning Post, Tuesday (8/9/2020).
He deeply regretted his own actions because in a time like this, the loss money could have been distributed to people in need. He admitted that he was very sorry for his actions. “With 4.4 billion yen, how many people can you give money and save? This regret has no end, “said Maezawa.
Maezawa himself has a net worth of around US $ 215 million this year. Now his total wealth is US $ 3.5 billion or Rp.51.4 trillion, according to data compiled by Bloomberg.
Yusaku Maezawa often does other controversial things
Apart from failing in stock trading, Yusaku Maezawa is also well known for his other controversial actions. In 2023, Maezawa intends to take a trip to the moon. He announced that he was looking for a woman who would be his companion on his journey to the moon on an Elon Musk rocket. He canceled the plan after getting strong protests in the community.
Apart from that, Maezawa was also known for his huge expenditure on art and sports cars. He also has a tendency to contemplate ideas such as a world without money.
Maezawa also announced that he would give 1 million yen (US $ 9,400) to his 1,000 randomly selected Twitter followers from those who retweeted the January 1 post.
