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Have You Heard Of Robert F. Smith- One Of The Richest African-Americans

Movies were made about notorious drug dealers like Alpo and Rich Porter, Songs were made about wanting to be Big Meech and Larry Hoover. But neither was made about the richest black person in American history (who’s still alive).

I recently asked a group of kids who Robert F. Smith was and they had no clue. Odds are you’ve probably never heard of him either. For those that are not familiar with him, here’s a brief overview:

He grew up in Denver, is 55-years-old and is worth 4.4 billion dollars (more than Oprah). He gave $20,000,000 to the African American National Museum, is helping pretrial detainees that can’t afford bail, he gave $2,500,000 to prostate cancer research for African-American men, his charity has committed $50,000,000 to improve the representation of women and people of color in scientific research at Cornell University and he is the first Black American to sign the giving pledge, vowing to give away half of his net worth in his life time to causes focused on helping African Americans and women.

He did not get rich by way of sports or entertainment. He amassed his fortune from being the CEO of a private equity fund.

Movies were made about notorious drug dealers like Alpo and Rich Porter, Songs were made about wanting to be Big Meech and Larry Hoover. But neither was made about the richest black person in American history (who’s still alive). In fact, he’s pretty much unknown. He’s been invisible in plain sight for 20 years. Pretty disturbing if you think about it.

We immortalize people that made a million dollars on the streets, that’s either dead or doing 100 years in jail but are clueless about someone that made billions in the corporate world and is still living. That’s not by accident though, the latter is way more dangerous to the status quo than the former. It’s not a mystery why one is promoted over the other, but he’s on the cover of this year’s Forbes’s annual billionaire edition; so obviously he’s not in hiding. So, we have to ask, who’s fault is it really that he’s not championed by the culture…

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About Rashad Bilal (7 Articles)
Rashad is a financial advisor and partner at the Bilal Group LLC. His primary expertise is in the areas of protection, wealth accumulation, retirement planning, estate planning and business planning. Rashad strives to offer a wide variety of solutions to meet the financial needs of both families and businesses. The Bilal Group, LLC is a financial services and wealth management firm that has been servicing hundreds of professionals and business owners nationwide for over 35 years.

1 Comment on Have You Heard Of Robert F. Smith- One Of The Richest African-Americans

  1. johnnie walker // December 29, 2018 at 1:08 PM //

    Information, education, and presentation are what’s needed. You give it all.
    Thanks

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