David Steward Net Worth

Net Worth:	$6 Billion
Date of Birth:	July 2, 1951 (73 years old)
Gender:	Male
Height:	6 feet and 5 inches
Profession:	Business magnate
Nationality:	Chicago, Illinois, U.S.

What is David Steward’s Net Worth

David  Steward is an American business magnate who has a net worth of $6 billion. One of the biggest businesses in America run by an African American named World Wide Technology is founded and directed by David Steward.

He is one of the American billionaires enlisted by Forbes in 2019 and one of the 13 black billionaires in the world.

Early Life

The son of Harold Lloyd Steward (1925-1999), a mechanic, and Dorothy Elizabeth Massingale (1928–present), a homemaker, Steward was born in Chicago, Illinois. The entire family relocated to Clinton, Missouri, in 1953.

Steward experienced racism and hardship while growing up in Clinton.

According to Steward, who was one of a small group of African-American high school students that integrated the public swimming pool in Clinton in 1967, “I distinctly remember segregation—separate schools, sitting in the balcony at the movie theater, and being excluded from the public pool.”

In 1973, Central Missouri State University awarded Steward a BS in commerce.

Career in Business

David Steward worked as a production manager for Wagner Electric from 1974 to 1975, a sales representative for Missouri Pacific Railroad from 1975 to 1979, and a senior account executive for Federal Express from 1979 to 1984.

In 1981, he was named salesman of the year at Federal Express and was inducted into the organization’s hall of fame. Before starting World Wide Technology, he was the owner of Transportation Business Specialists and Transport Administrative Services.

In addition, David founded the international technology and supply chain management firm Telcobuy.

World Wide Technology

A system integrator called World Wide Technology was discovered by David Steward in 1990, and later the installation of enterprise-wide imaging, conversion services, and telecommunication networks was the main focus of WWT in 1993.

Telcobuy.com was created in 1999 after World Wide Technology’s telecoms segment was spun off. Although revenues fell in 2002 as World Wide Technological felt the effects of the technology slump, sales for the two businesses continued to rise.

David established World Wide Technology Holding Company as the parent company for the two businesses after the combined reported revenues of the two companies reached $1 billion in 2003.

With a projected revenue of more than $11 billion for 2018, World Wide Technology would be among the top private businesses in St. Louis.

Publications

• Doing Business by the Good Book (with Robert L. Shook)

Civic and community involvement

David Steward has participated in a number of boards and committees, including those for the Greater St. Louis Area Council of Boy Scouts of America, Harris-Stowe State College African-American Business Leadership Council, Webster University, BJC Health System, First Banks, Inc., St. Louis Science Center, and Missouri Technology Corporation, which was appointed by the governor of Missouri.

Governor Jay Nixon named Steward to the University of Missouri’s Board of Curators in 2011, but he resigned before the end of his tenure.

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