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Billionaire Robert F. Smith To Pay Off Student Loans For 396 Graduates


In a speech during a graduation ceremony at Morehouse College in Atlanta, Georgia, African American billionaire businessman and philanthropist Robert F. Smith told 396 African American graduates, he will pay off all their student loans. That was reported by some media on May 20, 2019.

The billionaire who was at Morehouse College to receive a honorary doctorate, said he belonged to the college's 2019 graduating class. His grant to clear off the student loans is estimated at $40 million. That will be in addition to $1.5 million donation he had made earlier to the college.

Dr Robert F. Smith with a net worth of $5 billion according to Forbes, is one of the richest people in USA and probably the richest African American.

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