Robert F. Smith is a billionaire tech investor and philanthropist who founded and serves as CEO of Vista Equity Partners. Smith announced in May he will pay off the student debt of the entire graduating class of 2019 of Morehouse College in Georgia. In September, he extended the gift to include the debt owed by the students' parents as well, Morehouse announced in a press release. Morehouse said Smith paid $34 million to cover the loans. Smith is worth an estimated $5 billion, according to Forbes. Visit Business Insider's homepage for more stories.