Steward holds a Bachelor’s degree in Business Management from Central Missouri State University. Prior to starting WWT, David held various senior-level management positions with Wagner Electric, Missouri Pacific Railroad and Federal Express Corporation. "It was clear in my mind that my belief in God, coupled with the desire to work hard to serve others, meant I was destined to succeed." "I asked myself, Is this what I want out of life?" At the time, he and his family were living paycheck to paycheck. He looked inside the bucket and realized it was empty. His reward for this, an ice bucket with his initials engraved inside. As the senior accountant for a major corporation, he was awarded Salesman of the Year and was made a member of the company's hall of fame. After college, he spent ten years in sales for three Fortune 500 companies. He said he always had a dream of owning his own business. Steward grew up in the small town of Clinton, Missouri. Lewis' Beatrice International Foods was the first). WWT is now one of the largest African-American owned enterprise in the United States. He grew up in the segregated South with seven siblings his father. It was the second black-owned American business to ever hit the billion-dollar mark ( Reginald F. Today he is majority owner of the 14.5 billion (sales) company, whose customers include Citi, Verizon and the federal government. ![]() He founded World Wide Technology in 1990 on a shoestring budget and 7 employees. As of March 04, 2022, he is listed on the Forbes 400 Richest Americans List with a net worth of $3.7 billion. Louis, Missouri-based business, which reported revenue of $9.4 billion in 2016 and employs over 4000 people. This move is expected to solidify their commitment to promoting inclusivity and representation in media.David Steward is Chairman and founder of World Wide Technology Holding Co., Inc., which is a privately held company. He controls 85 percent of the St. The family’s efforts to create racially diverse film and television content are commendable and necessary in an industry that has long-faced criticism for its lack of diversity. ![]() ![]() The animation studio intends to use the funds to expand its media library, increase staffing levels, and pursue strategic acquisitions. Lion Forge Animation aims to secure up to $50 million in funding from wealthy family investment companies and institutional firms. David Steward II, Steward’s son, is spearheading this effort. Steward (Net worth: 4 billion) Steward is the chairman and founder of World Wide Technology (WWT), a market-leading systems integrator and supply chain solutions provider. To expand their presence in the film and television industry, Steward’s family is seeking funding to support the production of inclusive content through their Oscar-winning studio, Lion Forge Animation. This stake is currently valued at $5.66 billion, accounting for the majority of his wealth.Īdditionally, Steward holds a $14-million stake in Centene Corporation, a healthcare services provider operating across the United States. The $664-million surge in his net worth can be attributed to the increased value of his stake in World Wide Technology, a privately-held company that provides information technology services.Īs of the time of this report, Steward’s net worth was primarily derived from his 59-percent stake in World Wide Technology, a company that provides information technology services. This development has further cemented his position as the second-richest Black person in America.Īccording to data tracked by the Bloomberg Billionaires Index, which monitors and compares the fortunes of the world’s 500 wealthiest people, Steward’s net worth has risen by $664 million this year, reaching $5.68 billion from $5.01 billion at the start of the year. David Steward, one of America’s wealthiest Black individuals, has experienced a notable increase in his net worth due to the recent surge in the valuation of tech companies.
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