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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented