Moment billionaire surprises students with $1,000 cash each at graduation

Students were left gobsmacked after a billionaire announced that he was gifting them with $1,000 (£811) each at their graduation ceremony.

Rob Hale, co-owner of the Boston Celtics basketball team, gave 2,500 UMass Boston graduates the cash before they crossed the stage on Thursday (25 May).

Each student was given two envelopes, one with $500 as a gift and a second envelope with the remaining money to donate to a person or organisation in need.

“For us the greatest joys we’ve had in our life has been the gift of giving,” the Granite Telecommunications CEO said.

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