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Robert F. Smith Net Worth 2020

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Facts of Robert F Smith

Full NameRobert Frederick Smith
First NameRobert
Middle NameFrederick
Last NameSmith
Birth NameRobert Frederick Smith
ProfessionBusinessman, Philanthropist, Investment Banker, Chemical Engineer
NationalityAmerican
EthnicityAfrican-American
Birth CityDenver, Colorado
Birth CountryUnited States of America
Father NameDr. William Robert Smith
Father ProfessionTeacher
Mother NameDr. Sylvia Myma Smith
Mother ProfessionTeacher
Gender IdentityMale
Sexual OrientationStraight
HoroscopeSagittarius
Marital StatusMarried
SpouseHope Dworaczyk
No Of Children5
Networth5000000000
EducationCornell University, Columbia Business School
Height178 cm
Weight75 kg
Networth$5 B
Date of BirthDecember 1,1962
Age57 years

Martin Luther King once said, “I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but the content of their character.” No matter how hard we try to belive that racism does not exist anymore, we know that we are just lying to ourselves. 

Even today, the opportunities are not based on talent but the color of an individual. There are some people who go with the flow, not bothering to change anything, and there are others like Robert Frederick Smith, who challenges the system in every way possible and get what they deserve. 

As of 2020, the American businessman is one of the wealthiest personalities in American history, proving every human is equal if given chance and opportunity.              

Robert F. Smith Is Among The Five Black Billionaires In America: His Net Worth Details

Robert F. Smith, who studied at Cornell University and Columbia Business School, is now the American’s richest black man surpassing American actress, media executive, philanthropist, producer, and host, Oprah Winfrey.

According to Forbes, Robert F. Smith’s net worth is $5 million; however, some sources claim his worth around $6.7 billion, in September 2019.

A couple of years before, Robert was the second richest black personality, when Oprah topped the list with $2.5 billion. His worth actually raised in March 2018 and reached $4.5 billion, making him the wealthiest black person in the United States.

Robert F. Smith
Robert F. Smith: One of the black African-American Billionaires of the United States

SOURCE: Cornell Edu

Don’t get confused; Robert is the richest black person in America, where Nigerian oil magnate Aliko Dangote bags the first position with $10 billion worth becoming the richest black man in the world.  

Path To Billionaire

Robert is a famous American businessman, chemical engineer, philanthropist, and investment banker. The 57 years old billionaire started his professional career working as a chemical engineer for companies like Air Products & Chemicals, Kraft General Foods, and Goodyear Tire and Rubber Company.

After earning an MBA in finance and marketing, he started working for Goldman Sachs from 1994 to 2000. He was the one to advise to invest $50 billion and to focus on technology merger and acquisition with high-profile IT companies like Texas Instruments, Apple, Yahoo, Microsoft, and eBay.

The investor then founded private equity and venture capital firm Vista Equity Partners in 2000. He currently serves as the founder, chief executive, and chairman of the firm.

As per the date of 2019, his company owns 50 software companies and has over 60 thousand employees worldwide. The firm has around $46 billion cumulative capital commitments. It is the fourth largest software company following Microsoft, Oracle, and SAP.

Robert’s company and business ventures are the primary sources of income. His investments are one of the main reasons behind her pave to a billionaire.

Philanthropy, Deals, And More!

The billionaire is the first-ever African-American to work on the board of Carnegie Hall. He is an active member of the Cornell Engineering College Council and also serves as the chairman of Robert F. Kennedy Center for Justice and Human Rights. 

Robert grabbed huge attention for donating the highest figure cash (individual) to the City of Hope Gala. Likewise, he has donated $20 million to the National Museum of African-American History and Culture and $50 million to Cornell University.

Till the date, the billionaire has donated millions of dollars to numerous events and companies like National Park Foundation and Prostate Cancer Foundation and Global Wildlife Conservation.

Robert made a humanitarian move paying off all student debt of Morehouse College’s 2019 class in May 2019, paying $40 million. 

Likewise, he had also signed The Giving Pledge (philanthropic movement) in May 2017. It means he will be giving 50% of his fortunes.

Bought $18 million Malibu’s Carbon Beach In 2019

Back in February 2019, Robert bought Carbon property for the worth of $18, 700, 000. The two-story modern house, which was built in 1956, spreads to .23 acre. Hal Alden long owned the mansion.

After Hal died in 2017, the house was first kept on sale for $24.5 million, but, later was discounted for $18.7 million.

Robert's Malibu’s Carbon Beach
Robert's Malibu’s Carbon Beach

SOURCE: WP

Likewise, back in 2018, the billionaire made headlines after buying Getty Building penthouse. The penthouse is the most beautiful recent new building in Manhattan. It lies on West 24th Street and 10th Avenue. Architect Peter Marino designed it.

Robert closes on $59 million in Triplex in Manhattan.  

Besides this, he also owns a villa in Austin, Texas. He also bought $19.5 million worth Yolanda Hadid Foster’s mansion located in Malibu, California.  

Short Biography; Marriage And Children

Robert was born on 1st December 1962 and is 57 years old. He was born in Denver, Colorado, the United States of America. He was born to mother Dr. Sylvia Myma Smith, and father, Dr. William Robert Smith. His parents were school teachers and had PhDs honor.

Do you know: Robert was there on Dr. Martin Luther King’s speech “I Have A Dream”? His mother carried him at the march.    

Robert has been married twice. His first wife is Suzanne McFayden Smith. They tied the knot in 1988 but separated after 22 years of marital life. They separated in 2010, and their divorce was finalized in 2014. The former pair has three children together; Zoe Smith, Max Smith, and Eliana Smith.

Robert with his current wife, former Playboy model, Hope Dworaczyk
Robert with his current wife, former Playboy model, Hope Dworaczyk

SOURCE: Married Celeb

A year after Robert’s divorce, he tied the knot with Hope Dworaczyk on 25th July. The pair has two children, Hendrix Robert, born on 19th December 2014, and Legend Robert Smith on 16th March 2016.   

Updated On Wed Feb 26 2020 Published On Wed Feb 26 2020 By Krizana

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