Japanese billionaire announces to giveaway 9 million dollars
Yusaku Maezawa, the owner of a Japanese fashion company, is going to distribute an amount of $9 million (approx 64 crores) to the people who follow him on Twitter. He calls it a social experiment that will show whether money will actually increase people’s happiness.
Maezawa tweeted that he will choose 1,000 people from his followers and will give each of them 10 lakh yen (ie 64 crores) in Japanese currency. For this, he had a tweet on January 1 and out of those who retweet him, only one thousand people will get this amount. How and what effect this money will have on the lives of each of them, this is what the billionaire businessman is interested to know. They will find out this from surveys at regular intervals.
Social Experiment
In a video posted on his YouTube channel, Maezawa called it a serious social experiment and hoped that academic experts and economists would also be interested in it. Toshihiro Nagahama, senior economist at the Dai-ichi Life Research Institute in Japan, says, basic income means a regular minimum amount of money that gives someone a sense of security, which is very different from what Maezawa is offering.
Maezawa is the same person who will be the world’s first private traveler to travel to the Moon in Elon Musk’s SpaceX plane. He has a lot of fame as a business spender on artworks and sports cars.
