Robert F. Smith (investor)

Last updated

Robert F. Smith
Robert F. Smith, 2018 (crop).jpg
Born
Robert Frederick Smith

(1962-12-01) December 1, 1962 (age 62)
Denver, Colorado, U.S.
Education Cornell University (BEng)
Columbia Business School (MBA)
Occupation(s)Businessman, philanthropist
TitleFounder Chairman & CEO, Vista Equity Partners
Spouses
Suzanne McFayden
​
​
(m. 1988;div. 2014)​
​
(m. 2015)​
Children7
Website robertsmith.com

Robert Frederick Smith (born December 1, 1962) is an American businessman. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. [1] [2]

Contents

Early life

Smith was born in Denver, Colorado, the fourth generation in his family to be born in Colorado. [3] His parents were Dr. William Robert Smith, an elementary school principal, and Dr. Sylvia Myrna Smith, the principal of George Washington High School, who both had PhDs in education. [4] [3] [5] [6]

He grew up in a predominantly African-American, middle-class neighborhood in East Denver. [3] [5] When he was an infant, his mother carried him when he was six months old at the March on Washington, where the Rev. Dr. Martin Luther King Jr. delivered his "I Have a Dream" speech. [6] [7]

Education and early career

Smith then attended East High School ('81) in Denver. [8] While in high school, he applied for an internship at Bell Labs, but was told the program was intended for college students. Smith persisted, calling each Monday for five months. When a student from M.I.T. did not show up, he got the position, and that summer he developed a reliability test for semiconductors. [9] [10]

Smith earned a bachelor's degree in chemical engineering from Cornell University in 1985. [11] [12] While there, he won the Procter and Gamble Technical Excellence Award for chemical engineering. [3] In 1982 he became a brother of Alpha Phi Alpha (ΑΦΑ) fraternity. [13] [14] [15]

After graduating from Cornell, Smith worked at Goodyear Tire and Rubber Company and Air Products & Chemicals. Later, he worked at Kraft General Foods as a chemical engineer, and registered two United States and two European patents as the principal inventor. [3] [5] [16]

In 1994, he received his Master of Business Administration from Columbia University, with concentrations in finance and marketing. [5] [17] [18]

From 1994 to 2000, after receiving his MBA he worked for investment bank Goldman Sachs in technology investment banking. He first worked for it in New York City, and then moved to Silicon Valley in 1997 where he started Goldman's technology-focused merger and acquisitions efforts there. [3] [8] [5] He advised on $50 billion in merger and acquisition activity with companies such as Apple, Microsoft, Texas Instruments, eBay, and Yahoo. [19] [3]

Vista Equity Partners

In 2000, Smith founded Vista Equity Partners, an Austin, Texas-based private equity and venture capital firm of which he is the principal founder, chairman, and chief executive. [18] [20] Vista purchased enterprise software businesses and brought performance improvements to the businesses. [3] According to Black Enterprise magazine, Smith was credited with consistently generating a 30% rate of return for his investors from the company's inception through 2020. [21] As of 2019, Vista Equity Partners was the fourth-largest enterprise software company, after Microsoft, Oracle, and SAP, including all their holdings. [22] [23] [24] Vista has invested in companies such as STATS, Ping Identity, and Jio. [25] [26] [27] As of 2019, Vista Equity Partners had closed more than $46 billion of funding. [28]

In 2016, Smith was named Private Equity International's Game Changer of the Year for his work with Vista. [29]

In 2018, Smith was included in Vanity Fair's New Establishment List, which is an annual ranking of individuals who have made impactful business innovations. [30] [31] The 2019 PitchBook Private Equity Awards named Vista Equity Partners "Dealmaker of the Year". [32]

In January 2022, the company had $86 billion in assets under management. [33]

Non-prosecution agreement and tax fine

In the 1990s, businessman Robert T. Brockman approached Smith about creating a private equity fund, and offered to back the initial fund. [34] [35] As part of the deal, Brockman required an offshore trust be set up to conceal earnings from tax authorities and avoid litigation in US courts. [34] [35] Brockman also required that the first fund be located in the Cayman Islands, and set aside some of the interest earned to protect him against losses. [36] Brockman's proposal was a "take-it-or-leave-it offer". [34] [35] According to Smith's later non-prosecution agreement, Brockman dictated "the unique terms and unorthodox structure to the arrangement" and he accepted the offer as a "unique business opportunity he eagerly wanted to pursue". [34] [35] Brockman's lawyer helped Smith set up the offshore entity. [37] [38]

In October 2020, Smith entered into a non-prosecution agreement with the United States Department of Justice (DOJ), agreeing to assist the DOJ in a separate case against Brockman who was charged that month with what the DOJ called the "largest ever" tax fraud scheme by a U.S. citizen. This was a part of Smith's settlement on his own charges. [39] Smith's non-prosecution agreement settlement required him to pay a penalty of $139 million. [40] [41] [42] Brockman died in August 2022, while his trial was pending. [43]

Philanthropy

In 2014, Smith and Vista Equity Partners sponsored the Menuhin Competition's first visit to the U.S. in Austin, TX. The competition is the world's leading international competition for young violinists. [44]

In 2015, Smith sponsored the college education of all returned Boko Haram girls. [45] [46]

In 2016, Smith donated $20 million to the National Museum of African American History and Culture. His donation helped establish the Robert F. Smith Explore Your Family History Center and the Robert Frederick Smith Internship and Fellowship Program. [47] [48] He also contributed $250,000 to the Sphinx Organization. The donation helped create the Robert Frederick Smith Prize, which awards some of the winners of the Sphinx Competition with $50,000 to provide access to professional development and other resources that can help create bridges to careers in classical music. [49]

In May 2017, The Giving Pledge announced that Smith had joined as its first Black American signatory. [50] That year, he also made a $15 million donation to Columbia Business School to help it expand to its new Manhattanville campus. [51] Also in 2017, Smith contributed an additional $1 million to the Sphinx Organization. [52]

In 2018, Smith was the largest individual donor at the City of Hope Gala, which funds prostate cancer treatment and breast cancer research for black men and women. [53] That same year, Smith donated $2.5 million to the Prostate Cancer Foundation to advance prostate cancer research among Black American men and created the Robert Frederick Smith Precision Oncology Center of Excellence in Chicago, located at the Jesse Brown VA Medical Center. [54] [55] Also in 2018, Smith donated $1 million to the Cultural Performance Center at the Denny Farrell Riverbank State Park in Harlem, which was later renamed the Robert Frederick Smith Center for Performing Arts. [56]

On May 19, 2019, during his 2019 commencement speech at Morehouse College, a historically Black college in Atlanta, Georgia, Smith said he would pay off the entire student loan debt of the 2019 Morehouse College graduating class of 396 students, a reported $34M in student loan debt, including the debt incurred by parents and guardians. [4] [57] [58] [59] [60] [61] [62] Smith had previously donated $1.5 million to Morehouse College in January 2019, to be used for the Robert Frederick Smith Scholars Program and a campus park with an outdoor study area. [63]

Smith established internXL through Fund II Foundation in 2019 to help match diverse internship candidates with paid internships at leading companies. Smith stated that he was inspired by his own internship experience with Bell Labs, which is what led him to create the platform. [64] [65]

Under Smith's leadership, Fund II Foundation made a preservation gift in 2019 to buy and preserve the homes of Rev. Dr. Martin Luther King Jr. through the National Park Service. [66]

In a June 2020 report, Time reported the launch of Student Freedom Initiative (SFI) with a contribution of $50 million from Fund II Foundation and an additional $50 million from Smith, to benefit HBCU students. [67]

In 2021, Smith partnered with Goalsetter on an initiative to help one million Black and LatinX youth become shareholders, and Smith gifted five shares of stock — equivalent to approximately 15,000 shares — to 2,900 students, educators, and staff members. [68]

In January 2022, he donated $10 million to Columbia Business School, to fund the Robert F. Smith ‘94 Scholarship Fund for students graduating from historically black colleges and universities, from diverse backgrounds who have overcome significant hardships or challenges in their academic pursuits, or who have demonstrated a strong commitment to engaging principles of diversity, equity, and inclusion. [69] [51]

In February 2022, SFI, partnered with Prudential Financial to provide up to  $1.8 million in microgrants to students of HBCUs. [70] [71]

In April 2022, Smith launched the Mount Sinai Robert F. Smith Mobile Prostate Cancer Screening Bus in Harlem, New York, in partnership with Mount Sinai Hospital. [72] [73]

In May 2022, Cornell University announced a $15 million donation from Smith that will provide financial aid to engineering students from historically underrepresented communities. The gift will support an undergraduate scholarship fund to provide at least 7 students a year from urban high schools with up to $45,000 in grants, in addition to setting up a graduate fellowship fund to support 12 master's students and five doctoral students who attended historically black colleges and universities. [74] Smith had previously made a donation that provided similar funding for underrepresented students at Cornell's School of Chemical and Biomolecular Engineering. [75] [8] [74]

In June 2023, Smith helped launch a new branch location of Grameen America in Atlanta, Georgia through his leadership of Southern Communities Initiative. The goal of this branch is to help support a greater number of entrepreneurial women of color. [76] [77]

Smith has also donated $300,000 to Jane Goodall's youth environmental program Roots & Shoots. [48]

Politics

In December 2022, taking a stand together against increasing instances of racism and antisemitism in the US, Smith joined New York City Mayor Eric Adams, Reverends Al Sharpton and Conrad Tillard, World Values Network founder and CEO Rabbi Shmuley Boteach, and Elisha Wiesel to host 15 Days of Light, celebrating Hanukkah and Kwanzaa in a unifying holiday ceremony at Carnegie Hall. [78] [79]  Smith said: "When we unify the souls of our two communities, we can usher in light to banish the darkness of racism, bigotry, and antisemitism." [80]

Other achievements

Smith is on the Cornell University Tech Board. [17] Since 2008, Smith has been a Trustee of the Boys & Girls Clubs of San Francisco. [14] [81]

In 2014, Smith became the founding director and president of the Fund II Foundation. [82] [83] [84]

Smith became the board chairman of Carnegie Hall in 2016, the first African-American to hold that position; he had been a member of the board since 2013. [7] [85] [75] Since 2018, Smith has been a board member of the Louis Armstrong House Museum. [86] [87]

In April 2020, Governor Greg Abbott named Smith to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" amid the COVID-19 pandemic. [88]

In June 2020, Smith shared a plan called the 2% Solution, in which large corporations would use 2% of their annual net income over the span of ten years to empower minority communities. [89] In July of the same year, Smith and the Prostate Cancer Foundation announced efforts to develop a genetics-based test for early detection of prostate cancer. The test, named the Smith Polygenic Risk Test for Prostate Cancer, was developed to detect early-stage disease in Black patients, who are at the highest risk of any race or ethnicity of developing prostate cancer. [90]

In 2024, Smith was interviewed by Tony Robbins for his book, The Holy Grail of Investing. [91]

In August 2025, Smith released his book, Lead Boldly, which focuses on leadership and values related to seven speeches of Martin Luther King Jr. [92]

Honors and awards

In 2010, Smith received the Ripple of Hope Award from the Robert F. Kennedy Center for Justice and Human Rights. [93]

In 2014, he received an honorary doctorate from Huston-Tillotson University. [94]

In 2016, Cornell University named the Robert Frederick Smith School of Chemical and Biomolecular Engineering after him, following a donation. [95] [96] Smith received the 2016 Congressional Black Caucus Foundation's Chairman's Award. [97] [98] [99]

In 2017, Smith was awarded an honorary doctorate from the University of Denver. [100] [101]

In 2018, he received the International Medical Corps Humanitarian of the Year Award, and the Candle in Business and Philanthropy Award from Morehouse College. [102] [103]

He received an honorary doctorate at Morehouse College in 2019. [58] [59] [60] [61] He was inducted into the Texas Business Hall of Fame as a Class of 2019 Legend. [104] In October 2019, Smith received the Carnegie Medal of Philanthropy, which is given to individuals who have donated private wealth to the public. [105]

Smith was included in the Time 100 in 2020, Time 's list of the 100 most influential people in the world. [106] In 2020, he was also recognized by Cornell University with its Distinguished Alumni Award [11] [57] Smith was recognized that same year for “Most Intriguing Idea” by Forbes’ Diversity and Inclusion Awards for his advocacy for The 2% Solution. [107]

In November 2022, Smith was honored with the “Philanthropy Icon” award at The Grio Awards ceremony. [108] [109]

In May 2023, Smith was awarded the National Equal Justice Award by the Legal Defense and Educational Fund. [110] In August 2023, Smith was recognized by the Toyota HBCU New York Classic and received the HBCU Impact Award. [111] In October 2023, Smith was honored with the George H.W. Bush Points of Light Award by Points of Light. [112]

He received the Award of Excellence from the National Association of Investment Companies. [8] He was awarded an honorary doctorate of International Affairs from American University's School of International Service. [113] [114] He has been a trustee at Columbia Business School. [8]

Personal life

In 1988, Smith married his first wife, fellow Cornell alum Suzanne McFayden. They divorced in 2014. Smith married Hope Dworaczyk, the founder and CEO of skincare company MUTHA, a former Playboy playmate, healthy living advocate, and fashion editor, on July 25, 2015, after she gave birth to their first child in December 2014. [115] [116] [117] Smith has three children with his first wife. [118] He also has two sons and two daughters with his wife Hope. [119] Smith owns homes in Austin, Texas; Malibu, California; New York City; Denver; and Florida. [120] [18] [121] [122] [123]

Smith partnered with Matthew Burkett to purchase the historic Lincoln Hills, Colorado property in Gilpin County in 2007 and convert it into an exclusive invitation-only fly fishing club. [3] [124] Lincoln Hills was founded in 1922 as a destination summer resort for Black families. [3] [125] He now uses it to host musicians and underprivileged schoolchildren. [75]

In a 2018 cover story, Forbes said that Smith was the wealthiest African-American, passing Oprah Winfrey. [126] As of 2024, Smith was one of 15 Black billionaires in the world. [6] [127] In April 2024, Forbes reported Smith was the 266th richest person in the world, [128] and in October 2024, Forbes reported Smith's net worth to be $10.8 billion, and that he was the 88th richest person in the United States. [129]

References

  1. ↑ Louch, Will (January 20, 2023). "Robert Smith Scours Globe for $20 Billion Comeback After Tax Case". Bloomberg. Retrieved September 12, 2023.
  2. ↑ Salfiti, Zinya (June 27, 2023). "Billionaire Robert Smith's firm sells software maker for $4.6 billion, doubling its initial investment". Markets Insider. Retrieved September 12, 2023.
  3. 1 2 3 4 5 6 7 8 9 10 "Oral History with Robert F. Smith," The HistoryMakers.
  4. 1 2 How to Lead; Wisdom from the World's Greatest CEOs, Founders, and Game Changers
  5. 1 2 3 4 5 D. Castle, Michael (July 14, 2016). Black In America This Century Hurts. Lulu. ISBN   978-1-365-22265-8.
  6. 1 2 3 R. L. Witter (May 11, 2021). "Behind the Billionaire". The Positive Community Magazine.
  7. 1 2 Cooper, Michael; Gelles, David (June 2, 2016). "At Carnegie Hall, a New Leader With a Son Named Hendrix". The New York Times. ISSN   0362-4331 . Retrieved June 17, 2020.
  8. 1 2 3 4 5 "Robert F. Smith's Biography". The HistoryMakers.
  9. ↑ Reeves, Benjamin (April 8, 2015). "Private Equity's Philosopher; Robert F. Smith '94, founder and CEO of Vista Equity Partners, finds value in the people and places that are most often ignored". Columbia Business School. Retrieved October 9, 2015.
  10. ↑ David Gelles (April 10, 2014). "A Private Equity Titan With a Narrow Focus and Broad Aims". The New York Times . Retrieved October 9, 2015.
  11. 1 2 Mehta, Alek (March 1, 2020). "Cornell Engineering To Recognize Robert F. Smith '85 With 2020 Distinguished Alumni Award". The Cornell Daily Sun. Retrieved June 17, 2020.
  12. ↑ Najja Parker (May 20, 2019). "5 things to know about Robert F. Smith, Morehouse donor to pay off Class of 2019's student loans". The Atlanta Journal-Constitution. Retrieved June 17, 2020.
  13. ↑ "Who is Robert F. Smith?". New York Amsterdam News. May 20, 2019.
  14. 1 2 "Robert F. Smith Brings Success Back". Alpha Phi Alpha. April 28, 2017.
  15. ↑ "Billionaire Alumnus Robert F. Smith '85 To Pay Off Morehouse Graduates' Student Loans - The Cornell Daily Sun". cornellsun.com. May 20, 2019.
  16. ↑ Marotti, Ally (May 20, 2019). "Who is Robert F. Smith? Before he was wiping out Morehouse College student debt, he was patenting coffee brewing at Kraft". Chicago Tribune. Retrieved June 17, 2020.
  17. 1 2 Syl Kacapyr (February 20, 2020). "Smith '85 to receive engineering college alumni honor". Cornell Chronicle. Retrieved June 6, 2020.
  18. 1 2 3 Warren, Katie; Rogers, Taylor Nicole (October 15, 2020). "Meet Robert F. Smith, the billionaire who's paying off student loans, owns a home in Malibu, and married a former Playboy model in a lavish Italian ceremony". Business Insider. Retrieved June 17, 2020.
  19. ↑ Gelles, David (May 19, 2019). "Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates' Loans?". The New York Times. ISSN   0362-4331 . Retrieved June 17, 2020.
  20. ↑ "Source: Robert F. Smith not planning to bid on Broncos". KUSA.com. January 31, 2022.
  21. ↑ Robinson, Deven (January 7, 2021). "Influential Black Entrepreneurs - Robert Smith". Black Enterprise. Retrieved January 30, 2021.
  22. ↑ Michael J. Miller (October 24, 2018). "Vista Equity: The Biggest Software Group You've Never Heard Of". PCMAG. Retrieved November 18, 2018.
  23. ↑ "Robert F. Smith - Vista Equity Partners; Founder, Chairman and CEO". Vista Equity Partners. Retrieved March 1, 2019.
  24. ↑ Tom Krazit (November 12, 2018). "Vista Equity Partners to pay $1.9 billion in private-equity deal for Apptio". GeekWire. Retrieved November 18, 2018.
  25. ↑ Manish Singh (May 8, 2020). "Vista Equity Partners to invest $1.5B in India's Reliance Jio Platforms". TechCrunch. Retrieved August 24, 2020.
  26. ↑ Danny Ecker (May 15, 2014). "Stats LLC sold to private-equity firm". Crain's Chicago Business. Retrieved August 24, 2020.
  27. ↑ Robert Hackett (June 1, 2016). "Vista Equity Partners Is Acquiring Ping Identity". Fortune. Retrieved August 24, 2020.
  28. ↑ Harmeet Kaur (May 19, 2019). "What to know about Robert F. Smith, the man paying off Morehouse grads' student loans". CNN. Retrieved August 24, 2020.
  29. ↑ Mitchenall, Toby (March 1, 2017). "Vista's Smith named PEI's 2016 'Game Changer'". Private Equity International. Retrieved May 19, 2019.
  30. ↑ "100 Greatest Living Business Minds". Forbes. September 19, 2017. Archived from the original on September 20, 2017. Retrieved May 19, 2019.
  31. ↑ "About". Vanity Fair’s New Establishment Summit. Retrieved June 17, 2020.
  32. ↑ "Cover Story: Robert F. Smith, Chairman & CEO of Vista Equity Partners". Savoy. March 17, 2020. Archived from the original on April 20, 2020.
  33. ↑ Cummings, Keith (January 23, 2022). "Report: Denver Native Billionaire Emerges as Bidder to Buy Broncos". Sports Illustrated.
  34. 1 2 3 4 Voreacos, David; Weinberg, Neil (August 21, 2020). "Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry". Bloomberg. Jonathan Browning. Retrieved August 21, 2020.
  35. 1 2 3 4 Whoriskey, Peter; Torbati, Yeganeh; Alexander, Keith L. (November 13, 2020). "A dodgy deal helped make him a billionaire. It worked, until now". The Washington Post. ISSN   0190-8286 . Retrieved November 9, 2020.
  36. ↑ Weinberg, Neil (February 3, 2021). "How Billionaire Robert Smith Avoided Indictment in a Multimillion-Dollar Tax Case". Bloomberg. Retrieved January 31, 2022.
  37. ↑ Goldstein, Matthew (March 12, 2021). "A Buyout Fund C.E.O. Got in Tax Evasion Trouble. Here's Why Investors Shrugged". The New York Times. ISSN   0362-4331 . Retrieved January 31, 2022.
  38. ↑ Maremont, Miriam Gottfried and Mark (March 3, 2021). "The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed; Prosecutors accused Robert Brockman, a litigious, sometimes penny-pinching software entrepreneur, of hiding $2 billion from the Internal Revenue Service". The Wall Street Journal. ISSN   0099-9660 . Retrieved January 31, 2022.
  39. ↑ Primack, Dan (December 2, 2022). "Robert Smith's tax fraud epilogue". Axios. Retrieved March 15, 2025.
  40. ↑ Voreacos, David; Weinberg, Neil (October 15, 2020). "Houston Tech Mogul Indicted for 'Largest-Ever Tax Charge'; Robert Brockman is accused of hiding $2 billion offshore". Bloomberg. Retrieved October 17, 2020.
  41. ↑ Primack, Dan (October 16, 2020). "Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity". Axios. Retrieved October 17, 2020.
  42. ↑ Saunders, Laura (October 23, 2020). "The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another". Wall Street Journal.
  43. ↑ Ken Dilanian (August 7, 2022). "Robert Brockman, billionaire charged in tax evasion case, dies at 81". Yahoo News.
  44. ↑ "Robert F. Smith's Support for the Menuhin Competition". Menuhin Competition. April 19, 2024. Retrieved April 19, 2024.
  45. ↑ Kazeem, Yomi (December 28, 2016). "A "quiet" African American billionaire is offering Nigeria's rescued Chibok girls a new lease of life". Quartz Africa. Retrieved August 24, 2020.
  46. ↑ Mark, Monica (November 17, 2015). "US tycoon helps Chibok pupils back into the classroom; Inaction and fading global interest in plight of those who escaped Boko Haram spurred Robert F Smith to support local efforts with offer to pay for schooling". The Guardian. ISSN   0261-3077 . Retrieved August 24, 2020.
  47. ↑ "Robert F. Smith". The History Makers. August 10, 2015. Retrieved April 19, 2024.
  48. 1 2 Alexander, Keith L. (April 12, 2023). "'Who is this Robert Smith?': A quiet billionaire makes some noise with $20 million gift to the African American museum". Washington Post. ISSN   0190-8286 . Retrieved April 19, 2024.
  49. ↑ "Robert Frederick Smith Prize". Sphinx Organization. Retrieved April 19, 2024.
  50. ↑ Maria Di Mento (May 30, 2017). "7 More U.S. Philanthropists Sign Giving Pledge". The Chronicle of Philanthropy.
  51. 1 2 "Columbia Business School Announces Major Gift from Robert F. Smith to Create Scholarship Fund". www.businesswire.com. January 24, 2022.
  52. ↑ "Robert F. Smith". Sphinx Organization. Retrieved April 19, 2024.
  53. ↑ Gail Mitchell. "Warner/Chappell Music CEO Jon Platt Lauded at City of Hope Gala: 'He's the Obama of the Music Industry'". Billboard. Retrieved November 18, 2018.
  54. ↑ "Prostate Cancer Foundation Receives $2.5 Million for Research". Philanthropy News Digest. January 19, 2018. Retrieved April 19, 2024.
  55. ↑ "Billionaire, Power 100 Honoree, Robert F. Smith Donates to Prostate Cancer". EBONY. January 16, 2018. Retrieved November 18, 2018.
  56. ↑ Pogrebin, Robin (October 24, 2018). "Riverbank's Cultural Center Renamed After $1 Million Gift". The New York Times. Retrieved November 18, 2018.
  57. 1 2 Daniel J. Middleton (2021). 21st Century Black Changemakers; Biography Coloring
  58. 1 2 Emerson, Bo (May 19, 2019). "Just in: Morehouse commencement speaker to pay off Class of 2019's student loans". The Atlanta Journal-Constitution . Retrieved May 19, 2019.
  59. 1 2 "Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019′s student loans". The Washington Post . May 19, 2019. Retrieved May 20, 2019.
  60. 1 2 Whack, Errin Haines (May 19, 2019). "Graduation speaker pledges to pay class of 2019 student debt". Associated Press . Retrieved May 19, 2019.
  61. 1 2 Burch, Audra D. S.; Gelles, David (May 19, 2019). "Morehouse Graduates' Student Loans to Be Paid Off by Billionaire". The New York Times . Retrieved May 20, 2019.
  62. ↑ De La Garza, Alejandro (May 19, 2019). "Who Is Robert F. Smith? Learn More About the Billionaire Whose Generosity Shocked a Graduating Class". Time Magazine.
  63. ↑ Stirgus, Eric (January 18, 2019). "Morehouse to use $1.5 million gift on scholarships and a new park". The Atlanta Journal-Constitution. Retrieved May 19, 2019.
  64. ↑ Moody, Eric (October 23, 2022). "Billionaire Robert F. Smith Shares Importance of Internships Across 85 Portfolio Companies Growth, Long-Term Success". Black Enterprise. Retrieved April 19, 2024.
  65. ↑ "Robert F. Smith". InternXL. Retrieved April 19, 2024.
  66. ↑ "Martin Luther King Jr.'s homes to be preserved by National Park Service - CBS News". www.cbsnews.com. February 21, 2019. Retrieved April 19, 2024.
  67. ↑ Reilly, Katie (June 23, 2020). "Billionaire Robert F. Smith Launches New Initiative to Ease Student Debt at Historically Black Colleges". Time Magazine.
  68. ↑ Nwanji, Ngozi. "Robert F. Smith, Goalsetter Launch Initiative To Help A Million Black & LatinX Kids Become Shareholders". AfroTech. Retrieved April 19, 2024.
  69. ↑ "HBCU Grads and Others to Benefit from New Columbia Business School Scholarship". Columbia University Neighbors. April 16, 2024. Retrieved April 19, 2024.
  70. ↑ Nicole Duncan-Smith (February 24, 2022). "Billionaire Robert Smith Launches $1.8M Program to Provide Microgrants to HBCU Students In Need". Yahoo. Retrieved July 28, 2022.
  71. ↑ Jasmine Browsley (February 14, 2022). "Robert F. Smith Launching $1.8M Grant Program For HBCU Students; Robert F. Smith, the billionaire businessman that famously paid off the student loan debt for Morehouse students in 2020, is back at it again for other HBCU students in need". Essence. Retrieved July 28, 2022.
  72. ↑ Harris, Raquel "Rocky" (April 12, 2022). "For(bes) The Culture Newsletter: April Showers Bring Forth Impact And Influence In The White House, In Media And In Entrepreneurship". Forbes. Retrieved July 28, 2022.
  73. ↑ Yates, Shanique (April 11, 2022). "Robert F. Smith Pledges $3.8M To Build Mobile Unit That Helps Black Men Be Proactive About Prostate Health". AfroTech. Retrieved July 28, 2022.
  74. 1 2 "Cornell receives $15 million for minority engineering student aid". Philanthropy News Digest. May 17, 2022. Retrieved May 17, 2022.
  75. 1 2 3 "Business Titan Robert F. Smith Named Carnegie Hall’s 1st African-American Chairman"
  76. ↑ Washington, Stan (June 9, 2023). "Major Nonprofit to Aid Women Entrepreneurs Opens Atlanta Office". The Atlanta Voice. Retrieved May 10, 2025.
  77. ↑ "Grameen America Expands Program to Invest in Black Women and Other Minority Women Entrepreneurs with New Branch in Atlanta". Grameen America. June 1, 2023. Retrieved April 19, 2024.
  78. ↑ "Black and Jewish Leaders Gather at Carnegie Hall to Take a Stand Against Antisemitism and Racism". Yahoo. December 20, 2022. Archived from the original on December 25, 2022. Retrieved December 28, 2022.
  79. ↑ "Mayor Eric Adams, Rev. Al Sharpton, others gather for joint Kwanzaa, Hanukkah celebration". New York Amsterdam News. December 21, 2022.
  80. ↑ "Mayor Eric Adams, Rev. Al Sharpton, Robert F. Smith, Robert F. Smith, Rev. Conrad Tillard, Rabbi Shmuley Boteach and Elisha Wiesel join together to host '15 Days of Light,' celebrating Hanukkah and Kwanzaa; Interfaith leaders gathered at Carnegie Hall to take a stand against racism and antisemitism". JNS.
  81. ↑ "Board & Trustees". Boys & Girls Clubs of San Francisco. Archived from the original on May 17, 2018. Retrieved October 9, 2015.
  82. ↑ Giacomazzo, Bernadette. "Meet Robert F. Smith, A Philanthropist, HBCU Advocate And The Wealthiest Black Man In America". AfroTech. Retrieved April 19, 2024.
  83. ↑ Adeniji, Ade (August 20, 2018). "Now the Richest Black American, He's Also One of America's Biggest Philanthropists". Inside Philanthropy. Retrieved April 19, 2024.
  84. ↑ "Robert F. Smith". Inside Philanthropy. February 10, 2020. Retrieved April 19, 2024.
  85. ↑ Smith, Jennifer (June 2, 2016). "Carnegie Hall Names New Board Chairman: Private-Equity Financier Robert F. Smith; Carnegie's first African-American chairman, Mr. Smith replaces Ronald O. Perelman, who stepped down in October". The Wall Street Journal. Retrieved June 10, 2016.
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  88. ↑ "These are the experts, leaders working with Gov. Abbott's strike force to reopen Texas". khou.com. April 17, 2020. Retrieved April 21, 2020.
  89. ↑ Vardi, Nathan. "The 2% Solution: Inside Billionaire Robert Smith's Bold Plan To Funnel Billions To America's Black-Owned Businesses". Forbes. Retrieved September 12, 2024.
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  95. ↑ "Cornell names Robert Frederick Smith School of Chemical and Biomolecular Engineering in recognition of the leadership of philanthropist; Support for underrepresented African-American and women students at New York City and Ithaca campuses". Cornell Chronicle. January 29, 2016.
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  98. ↑ "President Obama to Deliver Final Keynote at 46th ALC Phoenix Awards Dinner - Congressional Black Caucus Foundation". August 24, 2016.
  99. ↑ "Harlem Columbia Grad Billionaire Man Robert F. Smith (video)". Harlem World Magazine. May 2, 2018. Retrieved August 24, 2020.
  100. ↑ Sanja Hindi (May 19, 2019). "Billionaire Denverite Robert F. Smith pledges to pay off student loan debt for Morehouse College class of 2019". The Denver Post. Retrieved August 24, 2020.
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  110. ↑ "Legal Defense Fund Broke Fundraising Record At Annual Dinner: See The Stars Supporting The Cause". Essence. May 8, 2023. Retrieved July 24, 2024.
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  113. ↑ American University (May 10, 2015), SIS Commencement Speaker Robert F. Smith , retrieved November 18, 2018
  114. ↑ Alex, Kelly (March 24, 2015). "AU Announces 2015 Commencement Speakers | American University Washington DC". American University. Retrieved August 24, 2020.
  115. ↑ Marquina, Sierra; Brown, Brody (September 28, 2015). "Hope Dworaczyk Smith Pregnant With Second Child!". Us Weekly. Retrieved August 7, 2018.
  116. ↑ Alexander, Keith L. (September 24, 2016). "'Who is this Robert Smith?': A quiet billionaire makes some noise with $20 million gift to the African American museum". Washington Post. Retrieved August 7, 2018.
  117. ↑ Salonga, Bianca. "Inspiring Female Founders In The Beauty Industry". Forbes. Retrieved August 24, 2020.
  118. ↑ John, Caroline (May 22, 2019). "Suzanne McFayden Wiki: Facts about Billionaire Robert F. Smith's Ex-Wife". Earn The Necklace. Retrieved May 24, 2019.
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  120. ↑ "The World's Billionaires (2016 ranking): #688 Robert Smith". Forbes . March 1, 2016. Retrieved January 5, 2017.
  121. ↑ Barnes, Brooks (June 17, 2020). "How Robert F. Smith, the Wealthiest Black American, Is Making Change". townandcountrymag.com. Retrieved February 5, 2021.
  122. ↑ Yakketyyak, Yolanda (May 12, 2016). "Real Housewives of Malibu Part 2: Yolanda Hadid Foster sells to Robert & Hope Smith for nearly $20 million". Yolanda's Little Black Book. Archived from the original on June 25, 2018.
  123. ↑ Toma, Glenda. "Billionaire Robert Smith Is Buyer Of Record-Breaking $59M New York Penthouse". Forbes. Retrieved August 24, 2020.
  124. ↑ McCormick-Cavanagh, Conor (May 22, 2022). "The Last Resort: Lincoln Hills Has a Colorful Past and an Invitation-Only Future". Westword. Retrieved July 19, 2023.
  125. ↑ Nwanji, Ngozi (August 9, 2023). "Robert F. Smith Announces Vista Equity Partners Has Reached Over $100B In Assets Under Management". Yahoo Finance. Retrieved September 12, 2023.
  126. ↑ Magazine, Harlem World (May 2, 2018). "Harlem Columbia Grad Billionaire Man Robert F. Smith (video)".
  127. ↑ Williams, Ebony. "Forbes: These are the world's 16 Black billionaires". The Atlanta Journal-Constitution. ISSN   1539-7459 . Retrieved January 8, 2025.
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