Robert Smith is now a household name, thanks to his pledge to pay off all of the student debt of the 400 graduating seniors at Morehouse in Atlanta.
Smith is a billionaire, the CEO, and founder of a company called Vista Equity Partners, which invests into the technology sector.
Smith was attended the commencement ceremony to receive his own honorary doctorate from Morehouse.
He had already donated a $1.5 million contribution to the school when he shocked everyone and announced he was paying off all of the graduating classes’ student loans.
According to estimates, it costs the male students at Morehouse at least $50,000 each year.
So, it will cost Robert Smith an estimated $40 million to pay off each student’s debt.