SoftBank Group donated $50 million to President Donald Trump’s future presidential library and foundation. The contribution is intended for a library section planned around the U.S.-Japan alliance, focusing on economic and strategic cooperation between the two countries. SoftBank has maintained close ties with Trump across both administrations, with founder and chair Masayoshi Son appearing alongside the president at the White House and promising $100 billion in U.S. investment during his second term. The company also lobbies the federal government on AI and technology policy. Earlier SoftBank donations to presidential libraries of Ronald Reagan and George W. Bush occurred after those libraries were completed. Other funding sources include lawsuit settlements involving major media and tech firms, and the planned Miami building resembles One World Trade Center.
"SoftBank Group quietly donated $50 million to President Donald Trump’s future presidential library and foundation — one of the largest publicly known contributions to the project so far. Politico’s Daniel Lippman reported, per two people familiar with the matter, that the donation is for a section of the library planned on the U.S.-Japan alliance, specifically the economic and strategic cooperation between the two countries."
"SoftBank — one of the world’s largest investors in artificial intelligence and a major backer of OpenAI — has maintained close ties with Trump throughout both of his administrations. Founder and chair Masayoshi Son has appeared alongside the president multiple times at the White House, and even promised to invest $100 billion into U.S. companies during his second term in 2024."
"Lippman went on to disclose, according to one of his two sources, that while SoftBank previously donated to the presidential libraries of former President Ronald Reagan and former President George W. Bush, those contributions came after the libraries had already been completed. Per Politico, spokespeople from the Trump library and SoftBank refused to comment."
"Other funds for the Trump library effort, as Lippman points out, come in the form of lawsuit settlements with the president from major media and tech firms like Meta, X, Paramount Global, and ABC News. As Mediaite noted in March, when first renderings of the planned Miami building were released, the skyscraper bears a resemblance to New York City’s One World Trade Center, but with Trump’s name clearly atop it."
Read at www.mediaite.com
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