Billionaire Robert Smith Urges Corporations To Take ‘Action’ On Reparations

Billionaire Robert Smith Urges Corporations To Take ‘Action’ On Reparations

TOPLINE

Even as more local governments look at paying reparations to the descendants of enslaved people, billionaire financier Robert F. Smith — the nation's wealthiest Black investor, according to Forbes — doubled down on his belief that corporate America, which benefited from the slave trade should consider making reparations to African-Americans.

Billionaire Robert F. Smith gives the commencement address during the Morehouse College 135th ... [+] Commencement at Morehouse College on May 19, 2019 in Atlanta, Georgia. (Photo by Marcus Ingram/Getty Images)



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“I think corporations have to also think about, well, what is the right thing to do?” Smith, CEO of private equity firm Vista Equity Partners, said in a video interview with Reuters, adding