The 56-year-old billionaire investor is the richest black person in the United States.
Robert F. Smith lifted a huge burden off the graduating class of Morehouse College when he announced during his commencement speech that he would pay off the student loan debt of more than 300 students.
That's up to $40 million, a spokesperson for the historically black college told CNN.Here's what you need to know about the 56-year-old billionaire investor. How he made his billionsSmith is the richest black person in the United States, with a net worth of $5 billion, according to Forbes. Yes, he's richer than Oprah. Read MoreHe's the founder of the investment firm Vista Equity, which boasts capital commitments of $46 billion, according to its website.
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