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Image caption Robert Smith has a personal net worth of $5bn. A billionaire technology investor has shocked graduating students in Atlanta, Georgia, by telling them he will pay off all of their student loans. Robert F Smith, one of America's most prominent black philanthropists, was giving an address at Morehouse College, a historically all-male black college. Nearly 400 students will benefit from his grant, worth some $40m (£31m). The class of 2019 and their teachers were stunned at the news before breaking into applause. Mr Smith, 56, founded private equity firm Vista Equity Partners in 2000 to invest in software companies, and has a personal net worth of $5bn, according to Forbes. "On be... Full story

19 May