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Billionaire Commencement Speaker To Pay Graduate's Debts

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Billionaire Commencement Speaker To Pay Graduate's Debts

2019-05-21 01:59:271 Oct 2018 01:53 AM EST

(Reuters) - Billionaire investor Robert Smith surprised graduating students at Morehouse College in Atlanta, Georgia, by using his speech at Sunday’s commencement ceremony to pledge to pay off the student loan debt of the entire class of 2019. “This is my class, 2019, and my family is making a grant to eliminate their student loans,” Smith said during his speech, pointing towards hundreds of students dressed in black robes and mortarboards. The black founder and chief executive of the private equity firm Vista Equity Partners has a net worth of about $4.4 billion, according to a 2018 estimate by Forbes magazine.

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