Nearly half of the Softbank Vision Fund’s $93 billion in total value is financed by Saudi Arabia’s sovereign wealth fund, the money controlled by the country’s ruling family — $45 billion. It recently committed the same sum to another mega tech fund that SoftBank wants to raise. SoftBank is also helping the Saudi government with various economic projects, including building a new mega city and a solar firm.
Brand Story by Inman Content Studio
by Craig C. Rowe | Today 12:50 A.M.