May 21, 2019
BY Minyetta Nelson
Investor and philanthropist Robert F. Smith surprised the Morehouse College class of 2019 with a special graduation gift: He’s going to pay all of their student loan debt. His gift to the nearly 400 graduating seniors is about $40 million. Smith, founder of private equity and venture capital firm Vista Equity Partners, is worth about $5 billion, according to Forbes. He was the wealthiest African American in the country in 2018.