U.S. tech billionaire David Steward overtakes Aliko Dangote as world's richest Black person
In just two years, Steward's wealth has nearly doubled, up from $6 billion in 2022 to $7.6 billion in 2023, before reaching its current level.
In just two years, Steward's wealth has nearly doubled, up from $6 billion in 2022 to $7.6 billion in 2023, before reaching its current level.
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
As a result of the recent $500 million drop in his fortune, Steward’s year-to-date wealth gains now stand at $2.31 billion, down from $2.78 billion on April 27.
Since the start of the year, Steward’s net worth has skyrocketed by $2.78 billion, averaging an impressive $24.17-million increase per day.
David Steward, a prominent figure in the tech industry who currently ranks as America’s second-wealthiest Black individual, has encountered a substantial setback…
The fluctuations in his net worth mirror broader trends in the share prices of technology companies.
Steward’s recent wealth surge underscores his prominence within the technology sector, his investment positions him favorably for continued prosperity in the foreseeable future.
The significant boost in Steward’s net worth is primarily attributed to the performance of his substantial 59-percent stake in World Wide Technology (WWT).
The slump in Steward’s net worth is primarily attributed to the fluctuations in the performance of his substantial 59-percent stake in World Wide Technology (WWT).
The secret behind Steward’s financial success in 2023 lies in his stake in WWT, a closely held tech behemoth specializing in information services and hardware.
According to the Bloomberg Billionaires Index, Steward’s fortune increased by $480 million over the past 24 days.
Steward, born into hardship, defied odds to build World Wide Technology, a multibillion-dollar empire.
The recent slump in Steward’s net worth is attributed to his substantial 59-percent stake in World Wide Technology.
America’s second-richest Black individual David Steward maintains a significant investment in Centene Corporation, valued at $15.3 million.
The recent upswing in Steward’s net worth represents a notable financial recovery and extends his year-to-date wealth gains to $3.47 billion.