Printed from http://www.electronista.com

SoftBank chief donates $120m, yearly salary to quake relief

updated 06:25 am EDT, Mon April 4, 2011

Masayoshi Son to support quake orphans

Softbank president Masayoshi Son, Japan's wealthiest man, has pledged to donate $120 million and his remaining income until he retires to support the victims of the Japan earthquake. Softbank will also contribute an additional $1.2 million in addition to the latest contribution made by its chief. In particular, Son aims to direct his financial support to the many children who were orphaned as a result of the devastating March 11 quake and ensuing tsunami.

According to the Bloomberg report, Son who is aged 53, earned around $1.5 million in salary and dividends for fiscal 2010. Further, his 21 percent stake in Softbank is worth in excess of $700 million. Since the quake he has ensured that owners of iPhone 4s who had them damaged, destroyed or lost as a result would get free replacement iPhone 4s. He has also promised free phones and phone service to children orphaned in the quake until they are aged 18.

Son's efforts have also been supplemented by foreign financial companies including Goldman Sachs, Morgan Stanley and JPMorgan Chase who have combined to donate over an additional $7 million.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News