“Hale told the crowd about his career, including losing $1 billion nearly overnight, and urged them not to let failure define them, using his own life as an example of resilience and perseverance,” the university said in a press release.
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“As the degree conferral was about to begin, Hale came forward and let the graduates know he had one more bit of advice for them. He told the eager crowd that for him and his wife Karen, ‘the greatest joys we’ve had in our life have been the gift of giving,’” UMass Dartmouth added. “Hale let the Class of 2024 know that the two large duffle bags being brought up on stage by security were packed with envelopes full of cash.”
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Hale, who is also part of the Boston Celtics ownership group, has an estimated net worth of $5.4 billion, according to Forbes.