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Wednesday, May 18, 2011

Rags to Riches

Genshiro Kawamoto (photo), one of Japan's richest men, said he plans to open eight of his 22 Kahala millionaire-row homes to needy native homeless Hawaiian families. They will be able to stay in the homes for up to 10 years, he said. Kawamoto stated he was renting (for just the cost of utilities) the homes "because the affluent people can help the least fortunate people".

Native Hawaiians are disproportionately represented among the state's homeless and working poor.

Kawamoto owns dozens of office buildings in Tokyo under the name Marugen and has been buying and selling real estate in Hawaii and California since the 1980s.
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