You are at the right place if you need to know about Robert F. Smith Net worth. Robert F. Smith is a businessman, entrepreneur, and philanthropist from the United States. Robert F. Smith is one of the top 125 richest Americans and the richest black individual in the country. He signed the Giving Pledge for the first time as a black man in 2017.
Being a committed philanthropist, he has already taken swift action to donate significant sums of money. By reading ahead you will get to know about Robert F. Smith net worth and much more.
Robert F. Smith Net Worth
Robert F. Smith Net Worth is $9 Billion in 2023. The wealthiest black person in America at the moment is Robert F. Smith. He had the title of second-richest black American for a number of years, trailing only media magnate Oprah Winfrey. At the time, Oprah had a net worth of $3.3 billion compared to Robert’s $2.5 billion.
Smith became the richest black person in America when it was revealed in March 2018 that his net worth had risen to $4.5 billion. Almost none had ever heard of Robert F. Smith at the time. Robert surpassed Nigerian oil tycoon Aliko Dangote, who was worth $10 billion, to become the second-richest black person in the world as of May 2019. His net worth is $5 billion. After Robert F. Smith net worth, Read ahead to know his early years of life.
Early Years Of Robert F. Smith
On December 1, 1962, Robert F. Smith was born in Denver, Colorado. Fourth-generation Coloradan, he is. Smith’s parents were teachers who earned their doctorate in education during his early years. From the first grade on, Smith boarded a bus across the city to attend a desegregated school that had outstanding resources. When Smith first encountered computers in high school, his propensity for STEM education became apparent.
Smith notably asked for an internship at Bell Labs during his junior high school but was first turned down. The program was only open to junior and senior college students, which was an issue. Smith wasn’t deterred. For two weeks, he contacted Bell Labs’ H.R. Director every single day.
Equity Vista Partners By Robert F. Smith
As we previously reported, shortly after leaving Goldman in 2000, Robert F. Smith created Vista Equity Partners. The venture capital and private equity firm specializing in funding software companies with passive income and in the technology sector.
Austin, Texas, Chicago, New York, Oakland, and San Francisco are the locations of the company’s offices. They currently control more than $81 billion in assets, operate over 50 software businesses, and provide employment for 65,000 individuals across the globe.
Vista is now the fourth-largest corporate software company in the world, behind SAP, Oracle, and Microsoft, based on staff count. In the following paragraph, you will read about his personal life.
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Personal Life Of Robert F. Smith
Robert was wed to Suzanne McFayden from 1988 till 2017. Together, they have three kids. Hope Dworaczyk, a former Playboy model, and Robert have been wed since 2015. Hope wore a dress made by Naeem Khan to the wedding.
John Legend’s song “For the First Time” played as she made her way down the aisle and into Smith’s arms. At the wedding, which took place at the opulent Villa Cimbrone on Italy’s Amalfi Coast, the musician Seal apparently also gave a performance.
Philanthropy By Robert F. Smith
Robert F. Smith joined the Warren Buffett and Bill Gates-led philanthropic campaign known as The Giving Pledge in May 2017. Under this initiative, billionaires are urged to donate the bulk (at least 50%) of their wealth either during their lifetimes or after they pass away.
As a founding member of the Economic Opportunity Coalition, this partnership will enhance @Vista_Equity's ability to create on-ramps to opportunity for communities that have historically been left behind. These investments offer hope that we will achieve true #racialequity. https://t.co/jB8m8J68tr
— Robert F. Smith (@RFS_Vista) October 4, 2022
This vow was an opportunity for him to set a goal for himself and motivate others rather than his foray into philanthropy.
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Final Lines: Robert and Hope are homeowners in New York City, Florida, and Los Angeles. They spent $18 million on a Malibu oceanfront property in 2018. This house, which is on the fittingly named “Billionaires Beach,” was put on the market for $24.5 million in November 2020.
In January 2021, they sold the house for the amount they had proposed. They purchased a second house in Malibu from Real Housewives star Yolanda Hadid in 2016 for $19.5 million.
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