Japanese billionaire Yusaku Maezawa devastated after losing millions in stock trading

Yusaku Maezawa has promised to make the money back.
Yusaku Maezawa has promised to make the money back. Photo credit: Getty

An eccentric Japanese billionaire has lamented his foolish stock trades which saw him lose more than NZD$62 million.

Yusaku Maezawa said in a tweet on Sunday he was "blinded" by COVID-19 driven stock market swings.

"[I] lost 4.4 billion yen [NZD$62,700,395] through repeated short-term trading of stocks, something I haven't familiarised myself with," Maezawa admitted.

He went on to express how upset he was to think how that lost money could have helped others.

"How many people could the money have been given out to and saved?"

He says he plans to recoup the losses through his business - Maezawa is the founder and former chief executive officer of e-commerce firm ZoZo. He is worth approximately $3.5 billion, reports Bloomberg. 

The 44-year-old billionaire is no stranger to media attention. In January, he made headlines for his desire to find a woman who would fly to the moon with him in Elon Musk's SpaceX.

If the trip goes ahead as planned in 2023, it will be the first time someone has travelled to the moon since the Apollo Mission in 1972.

He said any applicant could not be camera shy as he planned to make the journey into a matchmaking documentary titled Full Moon Lovers.