Fund and Bank Founder

bank: Others set to join include Apple Inc. and Taiwan's Hon Hai Precision Industry Co, according to The Japan Times. Foxconn both investors in the first fund. ; Notable for their absence on the list of state and corporate backers were the sovereign wealth funds of the two countries that formed the cornerstone of its first fund Saudi Arabia and Abu Dhabi, as well as investment bank Goldman Sachs. The Japanese conglomerate itself plans to invest 38 billion in the fund, it said in a statement. Soft Bank said it is still talking to potential investors and that it expects the fund's anticipated capital to grow. Those close links later compelled Soft Bank founder and Chief Executive Masayoshi Son to defend the relationship after Saudi security personnel were accused of murdering Jamal Khashoggi, a journalist critical of the Saudi state. Saudi Arabia's Crown Prince Mohammed bin Salman told Bloomberg in October his country was ready to commit a further 45 billion through its Public Investment Fund PIF adding Without the PIF, there will be no Soft Bank Vision Fund. (news.financializer.com). As reported in the news.