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May 21, 2019 1:54 PM Subscribe
$40M 'pay it forward' idea is likely to trigger positive 'contagion effect,' researcher says. The exact amount to be covered for the 396 students is still being calculated, Morehouse College President David A. Thomas told CNN on Monday, but the figure will likely be in the tens of millions of dollars. Robert Frederick Smith (born December 1, 1962) is an African-American businessman, investor, and philanthropist. A former chemical engineer and investment banker, he is the founder, chairman, and CEO of private equity firm Vista Equity Partners. In 2018, Smith was ranked by Forbes as the 163rd richest person in America. Here's the best reaction to Robert F. Smith paying off the student debt at Morehouse.