"Billionaire technology investor Robert F. Smith pledged Sunday to eliminate the student debt for the entire graduating 2019 class at Morehouse College.
Smith, the founder and CEO of Vista Equity Partners and Morehouse's commencement speaker on Sunday, announced that his family was setting up a grant to eliminate all student loans for the graduates.
Smith, who has an estimated net worth of $5 billion, founded Vista Equity Partners in 2000, a private equity firm that invests in software, data, and technology-driven companies."
After working at Air Products & Chemicals, Goodyear Tire and Rubber Company, and later at Kraft General Foods as a chemical engineer, where he earned two United States and two European patents, he attended Columbia Business School. Smith earned an MBA with honors specializing in finance and marketing. From 1994 to 2000, he joined Goldman Sachs in technology investment banking, first in New York City and then in Silicon Valley.