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May 21, 2019

BY Minyetta Nelson

Worldwide - 

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.