4. The Philanthropist's Rice Dilemma 4. A man buys rice at $1 a pound from American growers and sells them at $0.05 a pound in India. As a result of this he becomes a millionaire. How come? Added 1 January 2007 Show Hint Show Solution Hint: This really could happen, and probably does in some form or other. Solution: The man is a philanthropist who bought great quantities of rice to sell to poor people at prices they could afford. He started out as a billionaire, but lost so much money in his good works that he became a millionaire!
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Aren't the American growers upset at being sold in India?
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