David Steward, commonly regarded as America’s second richest Black man, has seen a stunning increase in his wealth over the last two months, with his net worth exceeding $8.5 billion.
Steward’s net worth has increased by $2.74 billion, according to data collected by the Bloomberg Billionaires Index, jumping from $5.84 billion on July 12 to an astonishing $8.58 billion at the time of this publication.
This enormous gain cements his position as one of the world’s wealthiest Black billionaires. According to the Bloomberg Billionaires Index, David Steward is now the 259th richest person in the world as a result of the recent increase.
The astonishing $2.74 billion increase in his net worth over the last two months is mostly due to an increase in the value of his 59 percent share in World Wide Technology (WWT). The St. Louis-based company, which specializes in information services and hardware solutions, has seen a significant increase in its valuation.
WWT is well-known for its cloud computing, security services, and digital consulting capabilities. Steward’s growing fortune has been aided by the recent increase in the company’s share price and overall worth.
Steward also has a $14 million holding in Centene Corporation, a significant healthcare services business with operations throughout the United States, in addition to his substantial stake in World Wide Technology. This varied investment portfolio demonstrates his financial ability and strategic insight.
David Steward’s ascension to the ranks of the world’s billionaires is fueled by World Wide Technology’s exceptional success and astute investments in a variety of other businesses.
Steward’s year-to-date asset gains of $3.56 billion demonstrate his ability to negotiate the complexity of the global financial scene and capitalize on strategic opportunities.