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Billionaire Robert F. Smith Is Now Helping 1,000 Students Land Paid Internships After Paying Off Morehouse Grads' Debt

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Black billionaire Robert F. Smith is still out here being a real-life superhero. He's now helping high school students land paid internships. Deets on his new program inside....

He's not done! 

Black billionaire Robert F. Smith shocked us all when he surprised Morehouse College seniors that he's going to pay off all of their student loan debt.



Now, he's paying it forward again by planning to help 1,000 students score paid internships.

The billionaire investor has created a new program called Intern X, which is a sector of his Fund II Foundation. The program will help “rising sophomores with at least a 2.8 GPA from ethnically underrepresented groups” land an eight-week summer internship in the fields of science, technology, engineering, and mathematics. And it's paid!

Students will get the opportunity to intern at a slew of top companies in the U.S., including AT&T, Price Waterhouse Coopers, Deloitte, Citi and Vista Equity Partners. Students won't have to come out of pocket to get in the progrm since it's free to sign up. Not only that, some companies will provide housing and transportation assistance. Students who are interested can visit InternX.org for more information on the program and how to sign up.

The 56-year-old investor is the founder of the investment firm Vista Equity Partners, which is worth about $5 billion, according to Forbes. He's reportedly which the richest black person in America. Mr. Smith was a chemical engineer for Goodyear and Kraft before attending business school. In the past, he has worked for Goldman Sachs, specializing in technology investments, before starting Vista Equity in 2000.


Photo: AP

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