(KRNB) – Ranked by Forbes magazine as the richest African American, 61-year old equity firm founder Robert F. Smith – is worth a cool $4.4-billion, according to Forbes March 2018 edition on which he graces the cover page.
But, just recently Smith added another 3-billion to his wealth chest in a deal with Adobe Systems.
In October, Smith sold the Marketo cloud service company — which he acquired for $1.8-billion in 2016 — to Adobe for $4.45-billion…netting the big $3B profit.
Unfortunately, in spite of his wealth and enormous success, Smith found himself part of an important conversation about how he is often viewed as a criminal by police. In the video he talks about being stopped 23 times in the special dubbed; For Black Motorists, a Never-Ending Fear of Being Stopped
— Robert F. Smith (@RFS_Vista) March 27, 2018
Smith and Founder and Chairman of Vista Equity Partners.
He was also named by Forbes as one of the 100 greatest living business minds and was declared as the wealthiest African-American in a 2018 cover story of Forbes.
(Source: Forbes, BlackBusines.org)