Billionaire Richard Smith, the richest Black person in American, pledges to pay off the student loan debt of Morehouse class of 2019 during his commencement speech...
Smith, who has a personal net worth of $5 billion, and is the founder of the Vista Equity investment firm which boasts capital commitments of $46 billion, made the shocking announcement on Saturday.
The gift is said to be worth up to $40 million.
Wow! Billionaire Robert F. Smith surprises @Morehouse graduates by announcing this morning his family will eliminate the student debt of the entire class of 2019 with a grant. #PayItForward #HBCU pic.twitter.com/BPEDBdqryu— Marcus Smith (@MarcusSmithKTLA) May 19, 2019
