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 Partners owns. The sell is valued at a reported $4.6 billion, which is a 142 percent return on investment.
“As investors, we were immediately drawn to
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