Billionaire surprises 2,500 students with $1,000 cash each at US graduation

Billionaire Robert Hale surprised 2,500 students of University of Massachusetts, Boston, at their graduation ceremony after he announced that he will be giving them $1,000 each in cash. The students received two envelopes containing $500 each. Hale told the students to keep one envelope for themselves and to gift the other to someone "who could use it more than you".