Trump: Japanese mogul pledges $50 billion US investment
WASHINGTON — Winning praise from President-elect Donald Trump for being a “great man of industry,” Japanese tech billionaire Masayoshi Son promised to invest $50 billion in new startups in the United States, committing to creating 50,000 new jobs.
Son is the founder and chief executive of Japanese technology and telecoms giant SoftBank, which owns the U.S. mobile carrier Sprint. Sprint shares initially spiked after the announcement. Son left Trump Tower after being escorted down the elevator by the president-elect, who touted the pledge before waiting investors.