Lord Nelson (rapper)’s biography, net worth, fact, career, awards and life story

Robert F. Smith net worth: Robert F. Smith is an American businessman, entrepreneur and philanthropist who has a net worth of $5 billion. Robert F. Smith is the wealthiest black person in America and one of the 125 richest people in the United States overall. He is the first black man to sign the Giving Pledge and has already moved quickly to give away large portions of his net worth. More details on his philanthropy later in this article. Robert earned his net worth as the founder, Chairman, and CEO of Vista Equity Partners LLC. Founded in 2000, today Vista Equity Partners controls more than $50 billion in assets and has delivered an average annual return north of 30% since its inception. Before launching Vista, Robert F. Smith worked for Goldman Sachs in the Mergers & Acquisitions division from 1994 to 2000. He worked for Kraft from 1986 to 1992. Smith graduated from Cornell University and Columbia Business School. Richest Black Person in America: Robert F. Smith is currently the richest black man in America. For many years he was the second richest black person in American behind media mogul Oprah Winfrey. At the time, Oprah’s $3.3 billion net worth topped Robert’s $2.5 billion net worth. In March 2018 it was revealed that Smith’s net worth had rocketed to $4.5 billion which was enough to make him the richest black person in America. At the time basically no one had ever heard of Robert F. Smith. As of May 2019, Robert is worth $5 billion which makes him the second-richest black person in the world behind Nigerian oil magnate Aliko Dangote who is worth $10 billion. Early Life: Robert F. Smith was born on December 1, 1962 in Denver, Colorado. He is a fourth generation Coloradan. His schoolteacher parents both have PhDs. Smith showed tenacity early in life. In high school, he applied for an internship at Bell Labs. The problem was, the program was for junior and senior college students only. Smith was undaunted. He called the H.R. Director at Bell Labs every single day for two weeks. Then he cut back and just called every Monday for another five months. When an intern from M.I.T. didn’t show up in June to start the internship, the H.R. Director finally called him back and Smith got the job. While interning at Bell Labs that summer, he developed a reliability test for semiconductors. After earning a B.S. in Chemical Engineering at Cornell University he landed a job at Goodyear Tire and Rubber. He then worked as a chemical engineer at Kraft from 1986 to 1992. While at Kraft he earned two European patents. Robert eventually decided to go back to school to earn MBA. After getting his MBA from Columbia University, he was hired by Goldman Sachs. While at Goldman he advised on $50 billion worth of technology merger and acquisition deals. Vista Equity Partners: As we mentioned previously, Robert F. Smith founded Vista Equity Partners soon after leaving Goldman in 2000. The private equity/venture capital firm focuses on investing in technology and passive income software businesses. The company has offices in Austin, Texas and San Francisco. As of this writing they manage $46 billion in assets and owns more than 50 software companies that employ 65,000 people worldwide. That employee count makes Vista the fourth largest enterprise software company in the world after SAP, Oracle, then Microsoft. Vista likes to buy software companies that dominate a unique niche of customers who pay for the software every month/year, forever. The beauty of these businesses is that, in most cases, the bones of the software are written just once. It is then maintained periodically with minor patches and upgrades but in the meantime those annual fees keep getting paid. A good example is fitness platform MINDBODY. MINDBODY is software that helps customers reserve classes and treatments at yoga studios, spas and gyms around the country. If you’ve ever checked into a class on an iPad at a yoga studio or gym, there’s a very good chance you’re using MINDBODY’s software. The studio/gym/spa loves the software because it enables them to have professional services for a relatively minimal annual fee that they never stop paying. Vista acquired MINDBODY for $1.9 billion in December 2018. Tax Charges: In October 2020 Robert agreed to pay $140 million to settle a four-year tax crime investigation. Smith had been charged with evading taxes through the use of offshore accounts. As part of the settlement, the government agreed to drop charges but Robert had to agree to admit wrongdoing. The $140 million settlement covers back taxes, interest and penalties. Roughly 10 months before the settlement, federal prosecutors alleged that Robert avoided taxes on roughly $200 million worth of assets moved from Vista to several offshore corporations. Personal Life: Robert has been married to former Playboy model Hope Dworaczyk since 2015. John Legend and Seal both performed at the ceremony, which took place on Italy’s Amalfi Coast. Hope was the Playmate of the month April 2009 and Playmate of the year 2010. She and Robert have two children together. Robert has three children from his previous marriage to Suzanne McFayden. Robert and Suzanne separated in 2010 but their divorce wasn’t finalized until 2014. Philanthropy: Robert is the first African American to serve on the board of Carnegie Hall. Smith is the Chairman of the Robert F. Kennedy Center for Justice and Human Rights and is a Member of the Cornell Engineering College Council. In 2018 he was the largest individual donor to the City of Hope Gala. He donated $20 million to the National Museum of African American History and Culture. He donated $50 million to his alma mater, Cornell University. He also separately has donated millions of dollars to various causes ranging from the Prostate Cancer Foundation to Global Wildlife Conservation and the National Park Foundation. In May 2017 Robert signed The Giving Pledge – the philanthropic movement led by Warren Buffett and Bill Gates where billionaires are encouraged to give away a majority (at least 50%) of their fortunes either during their lifetimes or upon their deaths. In May 2019, during his Morehouse College commencement speech, Robert F. Smith announced he would be paying off all student debt incurred by the class of 2019. Real Estate: Smith owns homes in Los Angeles, Austin and New York City. He acquired his primary Los Angeles home, located in Malibu on what is appropriately known as “Billionaires Beach”, in April 2019 for $19 million. He listed this home for sale in November 2020 for $24.5 million. He owns a second home in Malibu, which he bought in 2016 for $19.5 million from Real Housewives star Yolanda Hadid. He acquired his New York City home – a condo in Chelsea, for a mind-numbing $59 million in 2018. He has since put the condo under massive renovations, much to the annoyance of his neighbors who have complained publicly about the ongoing noise.

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Elvis net worth: Elvis was an American singer, musician, and actor who had a net worth of $20 million dollars at the time of his death in 1977 (technically his net worth was $5 million, before adjusting for inflation). He is the best-selling solo artist in history. Recognized as being responsible for the popularity of Rock ‘n Roll music, this musical pioneer transcended boundaries, becoming a cultural icon who ushered in a new era. Such is his fame that his last name is largely unnecessary – the name “Elvis” or “The King” is usually enough. In addition to a musical career, Elvis appeared in numerous television shows and movies. His provocative image and style were highly controversial at the time, especially because of their sexual nature. Although the “King of Rock ‘n Roll” might seem relatively tame by today’s standards, he was one of the reasons the genre of rock was referred to as “Devil’s Music” in these early days. Elvis’ Net Worth When He Died: Over the course of his career, he sold 600 million units worldwide. He commanded as much as $1 million per performance. 21 of his albums reached #1 and 35 of his singles reached #1. He was RCA’s cash cow for almost two decades. When he passed away, he had only $5 million. While $5 million is certainly not broke by any stretch of the imagination, it is far, far, far less than he reportedly earned. So where did all the money go? In Presley’s case, it went to four places – real estate, drugs, hangers on, and his divorce. He spent the equivalent of several million dollars acquiring and maintaining Graceland. He spent millions more partying and on his entourage. For a detailed breakdown of Elvis’ wealth and fortune, please read this article. It should also be noted that his estate would go on to earn hundreds of millions of dollars in licensing royalties over the decades after Elvis died. Early Life: Elvis was born in 1935 to an extremely tight-knit family in Mississippi. His parents were not wealthy, and his first home was a two-room house built by his father. He had a close bond with both of his parents, who tried their best to create a happy life for their son. Gladys, his mother, held the family together while his father, Vernon, did odd jobs to make ends meet. His father was jailed for altering a check from his employer when Elvis was three years old. A young Elvis first encountered music at church, and in the streets where jazz music was played. As a student, Elvis was nothing more than average – but his musical talent drew the attention of his teachers. That being said, Elvis was shy about performing in front of others as a young boy – even after receiving a guitar as a birthday present and practicing with it. After moving to Tennessee in 1948, the 13-year-old Presley continued his musical education – despite failing music class in school. Although he trained with several accomplished guitarists – many of which would be future pioneers of the Rockabilly genre, Elvis could not read music and played entirely by ear. Sun Records and Early Success: After graduating high school, Elvis had settled upon a career in music. He visited Sun Records, recording two singles and making an impression on the label’s boss, Sam Phillips. After working a stint as a truck driver, Elvis was called back into the studio by Phillips, who was searching for a way to market African-American music to a white audience. In Presley, he saw a way to do just that. A long and arduous recording session ended with the taping of “That’s All Right,” which would prove to be Presley’s first big hit. After searching high and low, Sam Phillips had found “that sound” that he’d been looking for. Upon seeing him perform live for the first time, those same fans were enthralled by Elvis’ movement on stage. Girls would scream and shout when Elvis started to shake his legs – something that was originally caused by stage fright. After appearing in a number of television programs, Elvis began to pioneer the genre that would become Rockabilly. Ironically, this totally new sound made Elvis difficult to market to a wider audience, as radio DJs often weren’t sure what to make of it. Country stations would avoid him because he sounded “too black,” while blues stations felt that he sounded “like a hillbilly.” Record Deal With RCA: In 1955, Elvis signed a record deal with RCA for a fee of $40,000. By 1956, Elvis had released his debut album, which featured hits such as “Blue Suede Shoes.” Although this hit was a cover of a Carl Perkins song, Elvis had transformed the Rockabilly single into something new – something more akin to a genre that would later be known as Rock n’ Roll. At this point in his career, Elvis drew criticism, attention, and controversy for his on-stage antics. In the eyes of many onlookers, the musician’s suggestive hip gyrations represented “a new low” for mainstream music, while influential figures in the television world considered him “unfit for family viewing.” On the other hand, youth across America absolutely fell in love with Elvis, and his concerts were wild enough to necessitate the attendance of National Guard servicemen. By the end of 1956, Presley had raked in $22 million in merchandise sales alone (not counting record sales). He also appeared in his first film during this year. In 1957, Elvis continued to release a string of singles that all reached the number one spot in America. Military Service: Upon being drafted, Elvis could have enlisted in the Special Services, nut instead chose to sign up as a regular G.I. to show solidarity with the average American. According to his fellow servicemen, he never tried to get special treatment and aimed to be a reliable, honest soldier. During his military service, his mother became ill. He was granted leave to visit her on her deathbed and was seriously distraught when she died of heart failure a few days later. Despite fears that his military service would derail his career, Presley’s management carefully prepared for the two-year hiatus, steadily releasing a stream of unreleased singles while the musician was enlisted. Hollywood and Decline: Elvis became heavily involved in films after his military service was over – a decision that proved damaging to his career. Appearing in a string of formulaic comedic musicals, Elvis released mostly soundtracks to these films instead of putting his musical career first. Slowly but surely, music lovers stopped taking him seriously. Comeback: In the late 60s and early 70s, Presley’s career resurfaced with a series of TV performances and successful tours. It was during this time that journalists started to refer to Elvis as “The King.” Death: After using various prescription drugs for years, his addiction took a serious toll on his health. After a number of overdoses and scares, Elvis was found unresponsive on a bathroom floor in 1977 – marking the death of a cultural icon.