The gift to Morehouse College will cost billionaire Robert F. Smith $34 million, the historically black college said in a press release September 20.
Private equity billionaire Robert F. Smith isn't just going to pay off the Morehouse class of 201 9's student loans as he promised at their graduation — he's now promising to pay off their parents' educational debt too. The gift will cost Smith $34 million, the historically black college said in a press release September 20. Smith has a net worth of $6.08 billion, according to the Bloomberg Billionaires Index. Visit Business Insider's homepage for more stories.
Private equity billionaire Robert F. Smith isn't just going to pay off the Morehouse class of 201 9's student loans as he promised at their graduation — he's now promising to pay off their parents' educational debt too. The gift will cost Smith $34 million, the historically black college said in a press release September 20. Smith has a net worth of $6.08 billion, according to the Bloomberg Billionaires Index. Visit Business Insider's homepage for more stories.
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$34 million: How much one man is paying to wipe out a graduating class' college debtBillionaire Robert Smith has made good on his promise to pay off the student loan debt of the entire 2019 graduating class at Morehouse College by donating $34 million to the historically black men's school in Atlanta.
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