Bloomberg | April 3, 2011 | Pavel Alpeyev
Softbank Corp. (9984) President Masayoshi Son, Japan’s richest man, pledged to donate 10 billion yen ($120 million) and his remaining salary until retirement to help support victims of the nation’s biggest postwar disaster.
Japan’s third-largest wireless carrier will donate 1 billion yen in addition to Son’s personal contribution, Tokyo- based Softbank said in a statement. Son will give away his salary from this fiscal year to support children orphaned by the March 11 earthquake and tsunami, it said.
The amount trumps the 1 billion yen committed by Fast Retailing Co. President Tadashi Yanai as the biggest contribution announced by an individual to aid victims of what Prime Minister Naoto Kan has described as the country’s worst crisis since World War II. Japanese and overseas financial firms had pledged about 9.1 billion yen as of March 30.
Son, 53, earned 108 million yen in salary and 1.3 billion yen in dividends in the fiscal year ended March 2010, Softbank said in June.
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