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Robert F. Smith first came to everyone’s attention back in 2019, when he received his honorary doctorate from famed Historically Black College, Morehouse College. View this post on Instagram A post shared by Robert F. Smith (@robertfredericksmith) At that time, while he was receiving his doctorate, Smith announced that he’d be paying off the student loans for all who had them in his graduating class. Since then, Smith has launched an Historically Black College and University (HBCU) “alternative loans” initiative program, has had millions of dollars donated to his HBCU initiatives by some of the world’s leading companies, and became the richest Black man in America. Yet, all of these initiatives didn’t make a dent in Robert F. Smith’s net worth. According to Forbes, as of this writing, he has a net worth of $6.7 billion, and it’s only growing from here. “The most important thing you can do as a young person in [the Black] community is to become an expert,” Smith once said. [It’s key]...
Olive just hit a major milestone with the help of billionaire Robert F. Smith’s Vista Equity Partners. According to PR Newswire , The automation company known for creating the Internet of Healthcare has announced that it has closed a $400 million funding round which brings the company to a $4 billion valuation. In a round led by Vista Equity Partners (Vista) along with an additional investment from the Base10 Partners Advancement Initiative, Olive is well on its way to changing the world. Olive will contribute to scholarship and financial aid awards for America’s Historically Black Colleges and Universities as a Base10 Advancement Initiative portfolio company. The awards will become known as The Olive Scholarship. The company’s current Artificial Intelligence (AI) workforce connects patients, providers, and payers in an effort to automate burdensome workflows and support human workforces at the same time. It has been a pioneer for the digital transformation of healthcare. “Olive is...
The richest Black man in America is about to get richer! Robert F. Smith has now acquired majority ownership of the advertising platform, TripleLift, which will expand his investment portfolio into multiple businesses. According to Moguldom , the billionaire made a $1.4 billion investment in acquiring a majority stake in the web advertising platform. “We have developed into a leader in the advertising technology space and are excited about our next chapter,” co-founder and CEO of TripleLift Eric Berry said. “When looking for an investment partner, we placed a premium on a deep understanding of ad tech and a willingness to lean into developing our portfolio of innovative, high-growth products. Vista is that partner.” Founded in 2000, Smith’s Vista Equity Partners is a private equity company that has allowed him to carve a niche for himself, fixing up enterprise software outfits. With a focus on enterprise software data and technology-enabled businesses, Vista Equity is expected to...