Tired of ads? Enjoy an ad-free experience by signing up.
Rick Martin · · 1 min read

Softbank CEO pledges 10 billion yen to quake victims

Masayoshi Son

Masayoshi Son

Softbank’s president, Masayoshi Son, will be personally contributing the enormous sum of  10 billion yen (about $118 million) to the Japan earthquake and tsunami relief effort. On top of that the 53-year-old Son, who is the richest man in Japan, will donate all his future earnings as the head of Softbank to children who were orphaned as a result of the disaster.

Softbank has already donated one billion yen in relief money to the Japan Red Cross Society and other organizations.

This comes amid news that much of the aid received thus far by the Red Cross has yet to actually reach disaster victims:

The Red Cross has dispatched more than 200 emergency relief teams to the disaster zone and organized thousands of volunteers to assist victims. But no displaced people have received cash handouts from the pot of 870 billion yen collected by the Japanese Red Cross and Red Crescent Societies and the Central Community Chest of Japan.

Softbank, ostensibly already aware of this issue, said in its statement yesterday that it is “seeking methods of donation that can immediately provide relief money and aid to those urgently in need of support.”

Photo: ChinaZ

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.

Community Writer

Rick Martin

Rick Martin lives in Tokyo where he writes about technology in Japan, China, and around Asia. After writing full-time for TechInAsia from 2011 to January 2013, he moved on to pastures new at The Bridge. He can be reached via his website, 1Rick.com