Japanese billionaire Maezawa in $9 million 'social experiment' giveaway

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Japanese billionaire Maezawa in $9 million 'social experiment' giveaway
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Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a 'social experiment' to see if the payment boosts their happiness by SamNusseyRTRS

TOKYO - Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a “social experiment” to see if the payment boosts their happiness.

Maezawa will give 1 million yen to 1,000 followers selected at random from those who retweeted a Jan. 1 post, with the impact of the money to be tracked through regular surveys. Maezawa, who is to be the first private passenger to fly around the moon with Elon Musk’s SpaceX, is known for his high spending on art and sports cars but also has a predilection for musing on ideas like a world without money.

“Basic means a regular minimum amount offering a sense of security, what Maezawa is offering is totally different,” said Toshihiro Nagahama, senior economist at Dai-ichi Life Research Institute.

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