Japanese SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS / Kim Kyung-Hoon
Son himself may make up more than half of this amount, the journal reported, adding that executives believe such a move would make employees more responsible as investment in the fund could be canceled if a manager leaves or is found to have engaged in a " reckless agreement ".
The loans are likely to have an interest rate of around 5%, WSJ said, citing a source.
The government of Kazakhstan, an investor in the fund, is expected to make a contribution of around $ 3 billion while banks such as Goldman Sachs Group Inc ( GS.N ), UK Standard Chartered PLC ( STAN .L ) and Japan's Mitsubishi UFJ Financial Group Inc ( 8306.T ) have also indicated that they are willing to invest several hundred million dollars each, according to the report.
SoftBank is discussing with many pensions and insurance companies, including in Taiwan, for total investments that they hope will cross $ 30 billion, WSJ reported.
SoftBank was not immediately available for comment on Saturday.
Reporting by Kanishka Singh in Bengaluru