Robert F. Smith was among the first African Americans to run a private equity fund, he told Business Insider. The billionaire businessman pushes diversity initiatives at every software company he invests in, and says it helps them create better products. Smith made headlines in May after announcing that he would pay off the student loans of a Georgia-based, historically black college's graduating class. Visit Business Insider's homepage for more stories.

Robert F. Smith is the richest black...

Continue Reading Robert F. Smith on becoming the richest black man in America, what companies get wrong about diversity, and what he's doing to help mint more black billionaires