4 companies owned by America’s second-richest Black man David Steward
Steward’s story is one of entrepreneurial triumph, resilience, and unwavering dedication to business excellence and community betterment.
Steward’s story is one of entrepreneurial triumph, resilience, and unwavering dedication to business excellence and community betterment.
Despite this setback, David Steward maintains his position as America’s second-richest Black man, trailing behind Robert F. Smith, the founder of Vista Equity Partners.
Steward is now ranked as the 259th richest person in the world, according to the Bloomberg Billionaires Index.
Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion.
The recent surge in Steward’s fortune can be attributed to the impressive performance of his holdings in World Wide Technology.
Smith, America’s richest Black billionaire holds firm to top spot with a whopping $12-billion net worth.
Steward’s net worth stands at about $5.27 billion, placing him at the 476th position among the richest individuals worldwide.
According to Forbes, Steward’s wealth figures have risen by $400 million, from $5.6 billion on April 13 to $6 billion.
Since Feb. 16, Steward’s net worth has declined by $570 million, from $6.17 billion to $5.6 billion.
Steward’s net worth is mostly derived from his 59-percent stake in World Wide Technology.