r/nextfuckinglevel • u/matori_tester • 2d ago

Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

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u/Poppanaattori89 2d ago

So inspirational. I really liked this part of his speech:

"Instead of getting the free education you deserve, here's some dirty money that I don't deserve to try to distract you from the fact that I don't deserve it."

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u/asmallercat 1d ago

Also he's worth $10 Billion. This is .4% of his net worth. This is the equivalent of a person with a net worth of $500k giving away $2,000, but actually even less because he could lose 90% of his wealth and his life would not change at all.

Billionaires should not exist.

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u/blazurp 1d ago

And a lot of that wealth was from all the tax evasion he's done. He's part of one of the largest tax evasion scams in the US.