Billionaire Robert Smith Sells His Private Equity Firm To IBM For A Staggering $4.6 Billion

Billionaire Robert Smith Sells His Private Equity Firm To IBM For A Staggering $4.6 Billion

Essence Magazine:

By Jasmine Browley ·Updated July 7, 2023

The wealthiest Black man in America just became richer.

Robert F. Smith, who’s worth a reported $8B, closed a deal with IBM that included the sale of Apptio, a software company that Smith’s private equity firm Vista Equity

This post first appeared in Essence Magazine. Read the original article.