Graduation Highlight: Billionaire Robert F. Smith Announces That He’ll Pay Off the Student Loans of Morehouse’s Class of 2019

Robert F. Smith, the bil­lion­aire CEO of Vista Equi­ty Part­ners, received an hon­orary degree from More­house Col­lege on Sun­day. And he gave some­thing back–a grant to retire the stu­dent loans of More­house­’s 2019 grad­u­at­ing class. Like that an esti­mat­ed $40 mil­lion in debt was gone.

Mean­while, in oth­er news, a titan of indus­try spent $90 mil­lion this week on a Jeff Koons rab­bit stat­ue. And now it will like­ly serve as an orna­ment piece in a walled-off man­sion some­where. Imag­ine how that mon­ey could have been put to more pro­duc­tive use…

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Relat­ed Con­tent:

Is the Leonar­do da Vin­ci Paint­ing “Sal­va­tor Mun­di” (Which Sold for $450 Mil­lion in 2017) Actu­al­ly Authen­tic?: Michael Lewis Explores the Ques­tion in His New Pod­cast

John Waters’ RISD Grad­u­a­tion Speech: Real Wealth is Nev­er Hav­ing to Spend Time with A‑Holes

Meryl Streep Gives Grad­u­a­tion Speech at Barnard

David Byrne’s Grad­u­a­tion Speech Offers Trou­bling and Encour­ag­ing Advice for Stu­dents in the Arts

Jim Car­rey Com­mence­ment Speech: It’s Bet­ter to Fail at What You Love Than Fail at What You Don’t

‘This Is Water’: Com­plete Audio of David Fos­ter Wallace’s Keny­on Grad­u­a­tion Speech (2005)