Home » America’s second-richest Black man David Steward gains $2.74 billion in two months

America’s second-richest Black man David Steward gains $2.74 billion in two months

by Feyisayo Ajayi
David Steward

David Steward, widely recognized as America’s second-richest Black individual, has seen a remarkable surge in his wealth over the past two months, with his net worth soaring above the $8.5-billion mark.

According to data tracked by the Bloomberg Billionaires Index, Steward’s net worth has experienced a staggering increase of $2.74 billion, rising from $5.84 billion as of July 12 to an impressive $8.58 billion at the time of this report.

This substantial gain solidifies his status as one of the world’s richest Black billionaires. As a result of the recent surge, David Steward is now ranked as the 259th richest person in the world, according to the Bloomberg Billionaires Index.

The remarkable $2.74-billion boost to his net worth over the past two months is primarily attributed to the surge in valuation of his 59-percent stake in World Wide Technology (WWT). The St. Louis-based company, specializing in information services and hardware solutions, has experienced a notable upswing in its valuation.

WWT is well-known for its expertise in cloud computing, security services, and digital consulting. The recent surge in the company’s share price and overall valuation has greatly contributed to Steward’s increasing fortune.

In addition to his substantial stake in World Wide Technology, Steward also holds a $14-million stake in Centene Corporation, a prominent healthcare services provider operating across the United States. This diverse portfolio of investments further underscores his financial acumen and strategic vision.

David Steward’s rising prominence within the ranks of the world’s billionaires is driven by the remarkable success of World Wide Technology and shrewd investments in various other enterprises.

Steward’s impressive year-to-date wealth gains now stand at a remarkable $3.56 billion, showcasing his ability to navigate the complexities of the global financial landscape and capitalize on strategic opportunities.

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