Philanthropy: A black American billionaire clears the debt of 400 graduate students

An unforgettable day for the 2019 students at Morehouse University in Atlanta, Georgia. During the graduation ceremony, a billionaire by the name of Robert F. Smith, from the same class, appeared for a resounding announcement: he decided to take charge of all the student debts of the 400 diplomas about forty million dollars in all (about 35 million euros). .

"My family will create a scholarship to clear your student loans," Smith told students at this historically black university. "This is my promotion," added the businessman, who was at the ceremony to receive an honorary degree.

The announcement was obviously greeted by the shouts of joy and applause from the graduates and their parents, all of whom were eager to share videos of the intervention on social networks.

But who is Robert F. Smith?

Robert F. Smith, a graduate of the prestigious Cornell and Columbia Universities, has become the richest African-American in 2015 according to the magazine Forbes. His fortune exceeds that of the famous and influential Oprah Winfrey.

A former chemical engineer and investment banker, he is the founder of Vista Equity Partners, a private equity firm specializing in the sale and purchase of software companies. Vista has more than 46 billion USD in capital investment, owns more than 50 software vendors, and employs 60 000 people worldwide, making it the world's fourth largest publisher of enterprise software after Microsoft, Oracle and SAP.

In 2017, Forbes named Smith as one of the 100's greatest minds in the business world.

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