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A Billionaire Paid Off Student Loans for an Entire Graduating Class

Billionaire investor Robert F. Smith just gave the best commencement address speech ever, hands down. He told the 2019 graduating class of Morehouse College that he was picking up the tab for ALL of their student loans.

That’s for 396 newly-minted graduates.

Robert F. Smith is a chemical engineer and the founder and CEO of the private equity firm Vista Equity Partners. 

Last year, "Forbes" ranked him as the 163rd richest person in America, worth about $4.4 billion. He's one of only 13 black billionaires in the world.

According to one estimate, it'll wipe out roughly $40 MILLION of student debt. And Morehouse College says it's the largest single donation the school has ever been associated with. 


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