The Forbes 400 2019 - #131 Robert F. Smith - Investor
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Posted By: How May I Help You NC on January 19, 2020 REAL TIME NET WORTH as of 1/19/20 $5 Billion Robert F. Smith founded private equity firm Vista Equity Partners in 2000. It focuses exclusively on investing in software companies. With over $50 billion in assets, Vista is one of the best-performing private equity firms, posting annualized returns of 22% since inception. As a college student, Smith secured an internship at Bell Labs after calling the company every week for five months. An engineer by training, he worked at Kraft Foods and Goodyear Tire before getting his MBA at Columbia University. During a commencement speech, Smith vowed to wipe out the student debt of the entire 2019 graduating class of Morehouse College. ON FORBES LISTS #131 Forbes 400 2019 #355 Billionaires 2019 -STATS- AGE: 57 SOURCE OF WEALTH: private equity, Self Made SELF-MADE SCORE: 8 PHILANTHROPY SCORE: 4 RESIDENCE: Austin, Texas CITIZENSHIP: United States MARITAL STATUS: Married EDUCATION: Bachelor of Arts/Science, Cornell University; Master of Business Administration, Columbia University DID YOU KNOW Smith is the first African-American to sign the Giving Pledge, a commitment to contribute the majority of his wealth to philanthropic causes.He gave $20 million to the National Museum of African American History in 2016. "We are only bound by the limits of our own conviction. We can transcend the script of a pre-defined story, and pave the way for the future that we design. We just need to tap that power, that conviction, that determination within us." Robert F. Smith https://www.forbes.com/profile/robert-f-sm... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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