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.”