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Billionaire Rents Hawaii Dream Home for $150 / Month

 - Mar 21, 2007   Updated: Aug 15 2011
References: cnn & neatorama
A Japanese billionaire has decided to share his wealth by renting out his mult-million dollar Hawaii mansions to under privileged familes at a mere fraction of their worth. He's asking a pittance, really - $150 a month in rent.

Over 3000 families applied as tenants - however only a lucky 8 families could participate. The good news is that this generous and wealthy real estate developer hopes to open up four more properties as early as next month.

Implications - It is rare to see such genuine generosity in the over-privileged, but Japanese billionaire Genshiro Kawamoto breaks the mold. The Hawaii real estate developer rents out luxury homes well below market value, at $150 per month in this case, to low-income locals and families in need. A creative way to help those in need and draw attention to his work, this project is making waves in the philanthropy world.