What is Robert F. Smith's net worth?
CEO of Vista Equity Partners is a philanthropist, chemical engineer and investment banker
Robert F. Smith is an American billionaire is the founder, chairman and CEO of private equity firm Vista Equity Partners. With over $50 billion in assets, Vista is one of the world's most successful private equity firms, with reported annualized returns of 22 percent since its founding.
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In March 2018, Forbes named Smith America's richest African American, overtaking Oprah Winfrey.
So how much is the man behind the millions worth?
Smith's early career began as a chemical engineer, working with big-name companies such as Air Products & Chemical, Goodyear Tire and Rubber Company, and Kraft General Foods.
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At Columbia University, Smith earned an MBA with honors specializing in finance and marketing. In 1994, Smith forged a career in technology investment banking in New York City followed by San Francisco, where he worked with Goldman Sachs in a lucrative merger-and-acquisition deal.
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Smith was so successful that he left Goldman Sachs and founded Vista Equity Partners, a company that specializes in investments in the software, data, and technology industries, working with companies who have a long-term perspective. Today, Vista Equity lists Apptio, Finastra, PowerSchool, Advanced, Advicent Solutions and Stats Perform, to name but a few.
Recent reports state Vista Equity's estimated annual revenue as $1.2 billion.
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He is listed as number 131 on Forbes' 2019 billionaires list, with an estimated net worth of $5 billion.