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Robert Smith: The billionaire paying off black students' debt

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Four hundred college seniors in the US state of Georgia just received a dream graduation present from billionaire investor Robert Frederick Smith: he paid off their student loans. Who is this American philanthropist?

During his speech on Sunday morning to the historically black Morehouse College, Mr Smith stunned the class of 2019 with his pledge to wipe out their debt, thought to be worth up to $40m (£31m).

It was a rare foray into the limelight for a low profile tycoon who was virtually unknown on the national stage until a few years ago.

Mr Smith, 56, is the founder of the private equity firm Vista Equity Partners and one of the nation's most prominent African-American philanthropists.

More at https://www.bbc.com/news/world-us-canada-48339599
 
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