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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