3 Richest Black People In America and Their Stock Picks

Page 3 of 3

1. Robert F. Smith

Total net worth in March (in billions of dollars): 6

Topping the list of the richest black people in America and their stock picks is Robert F. Smith. Robert Smith is the founder of Vista Equity Partners, which is an investment firm which focuses on software and data and technology-enabled startup businesses as well. The company has invested in hundreds of other companies, including Activision Blizzard (NASDAQ:ATVI), Fiverr (NYSE:FVRR) and Shopify (NYSE:SHOP).

Robert Smith himself had humble beginnings but excelled in education and from 1994 to 2000, worked at Goldman Sachs (NYSE:GS), advising on mergers and acquisitions. It was in 2000 that he founded Vista Equity Partners, and has managed to generate a return of at least 30% since inception up to 2020, which is an excellent return. The company currently has at least $46 billion in funding.

Please also see 15 Youngest Tech Billionaires and 25 Highest Earning Billionaires in 2020.

Disclosure: None.

Page 3 of 3