Thanks to his latest gains, Steward has achieved year-to-date profits of $990 million, making him one of the few Black billionaires who have enjoyed substantial financial growth this year. 20 and May 9, when his wealth dipped from $6.17 billion to $4.87 billion, leading to a temporary exclusion from Bloomberg’s list of the world’s top 500 billionaires. What is more, the billionaire is also the author of two books Doing Business by The Good Book. David Steward, 70, the co-founder and chairman of St. Black Millionaires on Instagram: David Steward is the cofounder and chairman of IT provider World Wide Technology. The road to this resurgence was not without challenges, as Steward experienced significant losses between Feb. David Steward is the second richest Black man in the U.S. Six Missouri residents have been ranked among the 400 richest people in the U.S. Being a Black billionaire Steward appreciates the legacy of his parents and focuses every day on recognizing their sacrifices. This surge is mainly due to the outstanding performance of his holdings in World Wide Technology, an IT services provider based in St. Steward’s fortune has skyrocketed by more than $1.1 billion recently, rising from $4.87 billion on May 9 to $6 billion. David Steward, the co-founder and chairman of World Wide Technology, is a newcomer to the Forbes billionaires list for 2019, with a net worth of 3 billion. The company’s stock price went up more than 30 over the last year. According to Forbes, in 2019 Steward was one of 13 black billionaires worldwide. He is chairman and founder of World Wide Technology, one of the largest African-American-owned businesses in America. David Steward, one of the wealthiest Black businessmen globally and America’s second-richest Black individual, has experienced a substantial decrease in his net worth since mid-February, after a remarkable increase of 1.16 billion in the. Steward (born July 2, 1951) is an American billionaire businessman. He owns 85 of publicly-traded Dangote Cement, Africa’s largest cement producer. African-American billionaire David Steward takes a hit: Net worth drops 570 million since mid-February. Aliko Dangote is the richest Black billionaire, and has held the title since 2013. After facing a significant dip in his net worth earlier this year, David Steward, America’s second-richest Black individual, has made a remarkable recovery, with his wealth now exceeding $6 billion, according to the Bloomberg Billionaires Index.Īs of the time of writing, Steward’s net worth stands at $6 billion, securing his position as America’s second-richest Black individual and placing him at the 434th spot among the world’s wealthiest billionaires. According to data tracked by the Bloomberg Billionaires Index, which monitors and compares the fortunes of the world’s 500 wealthiest people, Steward’s net worth has risen by 664 million this year, reaching 5.68 billion from 5. Altogether, there are 15 Black billionaires with a combined wealth of 48.9 billion.
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