David Steward secures position as richest Black billionaire in U.S. with $12.7-billion fortune
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
This spike in his wealth has re-established Steward at the top after a series of fluctuations earlier this year.
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 recent upswing in Steward’s net worth represents a notable financial recovery and extends his year-to-date wealth gains to $3.47 billion.
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.
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.
The Steward family has a net worth of $5.7 billion.