Home » America’s second-richest Black man David Steward’s wealth surpasses $10 billion

America’s second-richest Black man David Steward’s wealth surpasses $10 billion

WWT's performance propels Steward’s year-to-date surge beyond $500 million

by Feyisayo Ajayi
David Steward

Solidifying his status as one of the world’s Black billionaires and reinforcing his position as the second-richest Black individual in the United States, David Steward’s net worth has climbed by $300 million in the last 10 days, surpassing the $10 billion milestone.

According to data tracked by the Bloomberg Billionaires Index, Steward’s wealth has witnessed a noteworthy surge of $300 million in the last 10 days. From $9.8 billion on Feb. 9, his net worth now stands at $10.1 billion at the time of drafting this report.

WWT’s performance propels Steward’s year-to-date surge beyond $500 million

The bump in Steward’s net worth, which translates to an average daily gain of $30 million, is attributed to the performance of his 59-percent stake in St. Louis-based World Wide Technology (WWT), an information services and hardware provider. His year-to-date wealth gains have now surpassed $500 million ($572 million), according to the Bloomberg Billionaires Index.

WWT, one of the largest African-American-owned businesses in the United States, is a major player in cloud computing, security services, and digital consulting, raking in $17 billion in yearly revenue. Steward’s stake in WWT is now worth $10.1 billion, up from $9.8 billion on Feb. 9, driving his wealth surge.

Steward’s climb to 229th richest globally, fueled by strong tech industry performance

With a net worth of $10.1 billion, Steward now holds the 229th spot among the world’s wealthiest individuals. He now trails Manuel Villar, the chairman of Vista Land & Lifescapes, the largest home builder in the Philippines.

His recent wealth gains confirm his influential status in the tech industry. With the tech industry’s strong performance, Steward’s net worth is expected to keep climbing. His smart portfolio management and strategic investments set him up for further success ahead.

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