• About
  • Advertise
  • Privacy & Policy
  • Contact
Newsum
  • Home
  • News
  • Technology
  • Entertainment
  • Lifestyle
  • Review
  • Inspiring
  • Humor
  • Video
No Result
View All Result
  • Home
  • News
  • Technology
  • Entertainment
  • Lifestyle
  • Review
  • Inspiring
  • Humor
  • Video
No Result
View All Result
Newsum
No Result
View All Result

American Billionaire Surprises Students on Graduation by Promising to Pay Off Student Loans

SonalbySonal
May 20, 2019
inInspiring
0 0
0
6
SHARES
104
VIEWS
Share on WhatsappShare on FacebookShare on TwitterShare on LinkedIn

The graduation class of Morehouse College in Atlanta, Georgia were in for a surprise on their graduation day.

American billionaire, investor, and philanthropist Robert F. Smith were due to give the commencement address at the college. And students were expecting just the usual messages. But they were in for a massive shock when Smith announced that he would pay off the student debt for the entire graduating class. He said in his address that his family was on their way to create a grant that would eliminate student loans.

While the exact number is unknown, according to Morehouse President David Thomas, the amount will run into around $40 million. There were around 400 students in the graduating class.

The students were clearly overwhelmed by this benevolent gesture and cheered wildly at the announcement made by the billionaire that would give them a new lease of life.

“My family is going to create a grant to eliminate your student loans!” -Robert F. Smith told the graduating Class of 2019 @RFS_Vista #MorehouseGrad2019 pic.twitter.com/etG8JhVA46

— Morehouse College (@Morehouse) May 19, 2019

Who is Robert Smith?

Widely considered the richest black person in the United States of America with a net worth of $5 billion, Robert Smith is an entrepreneur and the founder of Vista Equity Partners, private equity and venture capital firm. The organization has around 60,000 employees worldwide and owns over 50 software companies, making it one of the largest enterprise software companies across the globe.

Smith has long been known for his philanthropic deeds. He has signed the Giving Pledge, an initiative by Warren Buffett and Bill and Melinda Gates to encourage billionaires across the globe to give away half of their fortune to philanthropic activities. Further, he has founded the Fund II Foundation, which looks into conserving wildlife and safeguarding human rights.

Isn’t this an absolutely wonderful gesture by this altruist? Do let us know what you think.

0

Like this:

Like Loading...
Tags: Morehouse CollegephilanthropyRobert Smithstudent loans

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Historic Win for Asian Countries – Taiwan Parliament Legalises Same-Sex Marriages

Next Post

20th May is World Bee Day

Next Post
20th May is World Bee Day

20th May is World Bee Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Browse by Category

  • Apps
  • Business
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Humor
  • Inspiring
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Others
  • Politics
  • Review
  • Science
  • Sports
  • Startup
  • Technology
  • Travel
  • Video
  • World
Newsum

Get Inspired Daily

Follow & Like Us

Recent News

Self-Made South Korean Billionaires Pledge Half Their Fortunes To Charity

Self-Made South Korean Billionaires Pledge Half Their Fortunes To Charity

February 26, 2021
World’s largest cricket stadium hosts first international match

World’s largest cricket stadium hosts first international match

February 25, 2021
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • News
  • Technology
  • Movie
  • Lifestyle
  • Review
  • Inspiring

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: