[2][50], Also that year, Cornell University named the Robert Frederick Smith School of Chemical and Biomolecular Engineering after him, following a donation. About Robert F. Smith. Robert F. Smith. Morehouse College Spring Class of 2019 Commencement Speaker Robert F. Smith will be establishing a grant to pay off the Class of 2019's Student Loans so they'll be graduating debt free! Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~35K unconnected households, Estimated impact (of all initiatives): 48K households get connected to high-speed internet to unlock ~$700M in economic potential for Jefferson County. They are also used to choose convention . Smith, by the way, made . and increase community outreach to drive regional awareness and new pipeline projects over 5 years, 3. "When I left my post at Goldman Sachs just after we had gone public to set up a private equity firm called Vista Equity Partners my mentors and colleagues at Goldman thought I had lost it," he said in his speech at American University. Robert your voice will be a great addition to the board going forward.. [15], In 2018, as part of the 2% Solution, Smith launched the Southern Communities Initiative, an effort to invest in infrastructure, businesses, and education in heavily Black communities in the southern United States. Accessed August 25, 2021. Robert F. Smith in Berlin, February 2018 (, https://www.usatoday.com/story/money/2021/04/06/jay-z-kanye-west-and-tyler-perry-seven-richest-african-americans/4579811001/, https://www.cnn.com/2019/05/19/business/robert-smith-billionaire-morehouse-gift-trnd/index.html, https://www.insidephilanthropy.com/home/2021/2/24/robert-f-smith-talks-black-philanthropy-systemic-change-and-addresses-tax-scandal, https://books.google.com/books?id=nBaqDAAAQBAJ&q=Robert+Frederick+Smith+1962&pg=PT71#v=snippet&q=Robert%20Frederick%20Smith%201962&f=false, https://robertsmith.com/about-robert-f-smith/, https://projects.propublica.org/nonprofits/display_990/472396669/02_2021_prefixes_47-47%2F472396669_201911_990PF_2021021317706243, https://apps.irs.gov/pub/epostcard/cor/472396669_201911_990PF_2021021317706243.pdf, https://apps.irs.gov/pub/epostcard/cor/472396669_201711_990PF_2018120715985020.pdf, https://robertsmith.com/2-percent-solution/, https://robertsmith.com/southern-communities-initiative/, https://www.bloomberg.com/news/articles/2020-08-21/billionaire-robert-smith-fighting-u-s-criminal-tax-inquiry, https://www.dailymail.co.uk/news/article-8816479/Billionaire-befriended-Trumps-inner-circle-investigation-dodging-taxes.html, Fund II Foundation (Non-profit). [87][88][89], Smith has three children with his first wife. [23], The 2019 PitchBook Private Equity Awards named Vista Equity Partners "Dealmaker of the Year". Fund technical assistance $25M: fund Prosper Birmingham, Magic City Match, and Birmingham Business Alliance to establish/expand business advisory programs, renovate and subsidize retail/office space for MBEs and scale coaches & support services (e.g., digital footprint, B2C platforms, accounting & bookkeeping, recruitment, etc.) ", "Inspiring Female Founders In The Beauty Industry", "Suzanne McFayden Wiki: Facts about Billionaire Robert F. Smith's Ex-Wife", "How Robert F. Smith, the Wealthiest Black American, Is Making Change", "The World's Billionaires (2016 ranking): #688 Robert Smith", "Real Housewives of Malibu Part 2: Yolanda Hadid Foster sells to Robert & Hope Smith for nearly $20 million", "Billionaire Robert Smith Is Buyer Of Record-Breaking $59M New York Penthouse", https://en.wikipedia.org/w/index.php?title=Robert_F._Smith_(investor)&oldid=1130578664, Pages using infobox person with multiple spouses, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 December 2022, at 22:11. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~145K unconnected households, * Community organization(s) being identified, Estimated impact (of all initiatives): ~145K households connected to high-speed internet to unlock ~$3B in economic potential, Lead community organization: Urban League of Louisiana, 1. [44][45], Smith has also served as the chairman of Robert F. Kennedy Human Rights,[46] on the board of overseers of Columbia Business School, as a member of the Cornell Engineering College Council,[47] on the Cornell University Tech Board,[9] and as a Trustee of the Boys & Girls Clubs of San Francisco. He was a Democratic U.S. Today, Smith is Vistas Chairman and CEO. Estimated impact (of all initiatives): 5K+ additional college grads & ~600 workers with senior exec positions / high-paying wages to drive ~$0.2B in economic growth, 6. You have to focus on everything that you're doing, seconds at a time.". "They said I could apply if I were a junior or senior in college. This page focuses on the Republican primaries that took place in Texas on March 1, 2022. Smith served in Congress until 1995. Copyright 2023 InfluenceWatch. Standup training hub $30M: fund* the establishment a world-class training hub that offers certificate-granting STEM and innovation programs in advanced manufacturing, health care, etc. . He has also served as chairman of the Robert F. Kennedy center for Justice and Human Rights in the past. Smith later extended the gift, which Morehouse later said totaled $34 million, to cover the graduates' parents' loans, too. Fund II Foundation 990. ProPublica. Smith was born in Portland, Oregon, and grew up in Burns, Oregon. As a high schooler, Smith convinced Bell Labs to give him an internship even though they were reserved for college students. 77th United States Secretary of the Treasury, Morehouse College Student Success Program, Billionaire Robert Smith reaches $140 million tax settlement with DOJ. Smith was accused of conspiring with billionaire software CEO Robert Brockman to conceal his income by routing proceeds from Vista Equity Partners through Caribbean shell corporations secretly owned by Smith. Throughout his life, Smiths commitment to philanthropy and equity has never wavered, and finding ways to make a difference in the communities where he lives and works is central to his character and approach to life. [74] Smith was also inducted into the Texas Business Hall of Fame as a Class of 2019 Legend. Smith allegedly failed to pay taxes on about $200 million in assets that moved through offshore accounts tied to Robert Brockman, a Houston software businessman. Data on individual contributors includes the following: The following are examples of the various types of contributor searches that may be conducted: Search an individual contributor by their last and/or first name. Share Background Report Overview of Robert F Smith Jr Lives in: Findlay, Ohio Phone: View phone number Age: 70 Robert Smith Jr's Voter Registration All Rights Reserved. Smith's strategy as well as his work ethic have won him praise on Wall Street. [31][37], In early October 2021, Smith and Brockman were both among those listed in the Pandora Papers revelation, exposing the offshore sheltering of financial assets by hundreds of politicians, businesspeople, and celebrities. One Twitter user wrote, This is a small example of Black wealth, position, & power used properly., Another user wrote, Imagine if every billionaire did this. In 2016, Smith and his wife bought a $20 million Malibu mansion from "Real Housewives of Beverly Hills" star Yolanda Hadid. His father, Benjamin F. Smith, was a doctor. American investor, inventor, engineer, philanthropist, entrepreneur. Abbott's strike force to reopen Texas", "Why graduates of elite universities dominate the Time 100 and what it means for the rest of us", "Billionaire Robert Smith Launches $1.8M Program to Provide Microgrants to HBCU Students In Need", "Robert F. Smith Launching $1.8M Grant Program For HBCU Students", "For(bes) The Culture Newsletter: April Showers Bring Forth Impact And Influence In The White House, In Media And In Entrepreneurship", "Robert F. Smith Pledges $3.8M To Build Mobile Unit That Helps Black Men Be Proactive About Prostate Health", "Cornell receives $15 million for minority engineering student aid", "Exclusive FLOYD MAYWEATHER MAKING 'LAST DANCE' STYLE DOCUSERIES 'The GOAT', "Floyd Mayweather's "The GOAT" docuseries is officially in the works", "Floyd Mayweather Will Tell His Story His Way With 'The GOAT' Docuseries", "Floyd Mayweather Inks Life-Rights Deal With Hidden Empire Films, Announces 'The GOAT' Docuseries About Life and Career", "Hope Dworaczyk Smith Pregnant With Second Child! Dr. Martin Luther King Jr. delivered his "I Have a Dream" speech. A state supreme court plays a role in the checks and balances . He is a male registered to vote in Connecticut. Smith has cited a 2019 McKinsey Global Institute analysis which claims that closing the racial wealth gap would generate $1.5 trillion in additional GDP growth over the decade. Meet Robert Smith, the Billionaire Investor Who Paid Off Student Loans Vista Equity Partners' Robert F. Smith spent $34 million paying off Morehouse 2019's student loans. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. He continued to work there as an intern during his summer and winter breaks before graduating Cornell with a chemical engineering degree. Smith ranks third in Forbes' Black Billionaires list, following Nigerian cement and commodities tycoon Aliko Dangote, worth $10.9 billion, and Nigerian-born Mike Adenuga, who made his fortune in the oil and mobile telecoms industries and is worth $9.1 billion. In 2017, Smith became the first African American to sign the Giving Pledge a commitment to donate a majority of his net worth during his lifetime to charitable causes. Partygoers weren't . [75] 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. Accelerate digital access initiatives $75M:partner with local orgs* to invest in setting up internet connections / installing hotspots, offering laptops and supporting adoption (through government subsidy technical assistance and digital literacy) to connect ~135K homes to high-speed internet in the Memphis region, 9. Fund modernization & capacity-building and provide in-kind subject matter experts $30M: help 4-5 CDFIs/MDIs over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance, Systems and technology modernization $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout over 5 years, Talent and workforce $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity over 5 years, Other capacity-building and outreach $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) He graduated with honors from Columbia Business School and entered the investment banking in Mergers & Acquisitions for Goldman Sachs in New York City and later San Francisco. [18], Also in October, the Daily Mail reported that Smith had attempted to curry favor with then-President Donald Trump (R) and his advisors during the investigation. Here's Why Investors Shrugged", "The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed", "Now the Richest Black American, He's Also One of America's Biggest Philanthropists", "Austin billionaire who paid off students' debt has history of giving back", "A "quiet" African American billionaire is offering Nigeria's rescued Chibok girls a new lease of life", "US tycoon helps Chibok pupils back into the classroom", "Robert Smith | Robert F. Kennedy Center for Justice & Human Rights", "Carnegie Hall Names New Board Chairman: Private-Equity Financier Robert F. Smith", "Cornell names Robert Frederick Smith School of Chemical and Biomolecular Engineering in recognition of the leadership of philanthropist", "Cornell names engineering school after alumnus", "7 More U.S. Philanthropists Sign Giving Pledge", "Billionaire Denverite Robert F. Smith pledges to pay off student loan debt for Morehouse College class of 2019", "NEXUS Summer Program Students Dream Big in Teen Entrepreneurship Challenge", "Louis Armstrong's Life in Letters, Music and Art", "Louis Armstrong's unseen artifacts almost ready for public view", "Warner/Chappell Music CEO Jon Platt Lauded at City of Hope Gala: 'He's the Obama of the Music Industry', "Billionaire, Power 100 Honoree, Robert F. Smith Donates to Prostate Cancer EBONY", "Riverbank's Cultural Center Renamed After $1 Million Gift", "Morehouse gets two $1M gifts at anniversary gala", "EBONY Power 100 2017 Honoree - Robert F. Smith", "President Obama to Deliver Final Keynote at 46th ALC Phoenix Awards Dinner - Congressional Black Caucus Foundation", "Harlem Columbia Grad Billionaire Man Robert F. Smith (Video)", "AU Announces 2015 Commencement Speakers | American University Washington DC", "JUST IN: Morehouse commencement speaker to pay off Class of 2019's student loans", "Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019s student loans", "Graduation speaker pledges to pay class of 2019 student debt", "Morehouse Graduates' Student Loans to Be Paid Off by Billionaire", "Morehouse to use $1.5 million gift on scholarships and a new park", "Announcing the 2019 Carnegie Medal of Philanthropy Recipients", "Kendra Scott's and Robert Smith Invited to be Inducted in 2019 - Texas Business Hall of Fame", "These are the experts, leaders working with Gov. Up in Burns, Oregon was attended by F. F. Montgomery, the Speaker of the Year.. 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