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SoftBank Pledges to Invest $50 Billion in U.S. After Meeting With Trump

Trump Soft Bank

President-elect met with SoftBank founder Masayoshi Son in Trump Tower

Updated Dec. 6, 2016 3:37 p.m. ET

SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President-elect Donald Trump.

The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.

In an interview, Mr. Son said the money will be coming from a $100 billion investment fund he is setting up with Saudi Arabia’s sovereign-wealth fund and other potential partners.

One thought on “SoftBank Pledges to Invest $50 Billion in U.S. After Meeting With Trump

  1. Add these 50,000 jobs to the 1,100 Carrier jobs and the 10 million jobs that Trump has saved (using Obama job “math”) since being elected.
    Imagine how many jobs he’ll create when he is actually in office.

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