David Steward II, Steward’s son, is spearheading this effort. To expand their presence in the film and television industries, Steward’s family is seeking funding to support the production of inclusive content through their Oscar-winning studio, Lion Forge Animation. Louis-based World Wide Technology, which provides cloud computing and security services, and digital consulting, Steward also holds a $14-million stake in Centene Corporation, a healthcare services provider operating across the United States. Smith, who is not only America’s wealthiest Black billionaire but also the world’s second-richest Black billionaire. Steward continues to hold the position of America’s second-richest Black individual, with a net worth of $5.6 billion, trailing behind Robert F. Steward’s net worth has risen by $984 million since the beginning of this year, putting him in the exclusive club of Black billionaires who have experienced over $900 million bump in their wealth. The $400-million bump in his net worth makes Steward one of the few Black billionaires to experience a significant increase in wealth in 2023.
Steward’s stake in World Wide Technology accounts for almost the entirety of his $6 billion fortune. World Wide Technology’s valuation is based on the enterprise value-to-sales multiple of three publicly traded peer companies: Insight Enterprises, Eplus, and CDW. Thanks to the recent surge in the valuation of his holdings in his closely held information technology services provider, World Wide Technology, Steward has made up for the loss and then some. Steward, who ranks as America’s second-richest Black billionaire, saw his net worth slump earlier this year due to the pullback in tech stocks, causing a wealth loss of $570 million. When you combine this with Michael’s additional wealth, his total net worth is a shade over $1.David Steward, one of the world’s richest Black billionaires, has experienced a significant increase in his net worth in the past 28 days thanks to the recent revaluation of his privately held tech firm, World Wide Technology.Īccording to Forbes, Steward’s wealth figures have increased by $400 million, from $5.6 billion on April 13 to $6 billion. Therefore, MJ’s 90% stake is worth around $1.2 billion before taxes. Based on the most recent valuation estimates, the Hornets are worth a minimum of $1.3 billion. He bought his original stake from BET founder Robert Johnson for $175 million. In June 2014, it was revealed that Michael had increased his ownership stake in the Bobcats (today known as the Hornets) from 80% to 89.5%. Michael Jordan, $1.9 billionĬurrently the highest paid athlete in sports history.
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Oprah beat poverty, abuse, relationship problems, and race and gender issues to become the most famous TV host of all time. Today, her net worth is $2.7 billion, according to Forbes. Oprah Winfrey officially retired as the television host of the “The Oprah Winfrey Show” in 2011, but she’s still the boss of the so-called Oprah Empire. But, who is David Steward and how did he make his $3.9 billion?įormerly the richest black person in America, she is still the richest black woman in the worLd though. Smith, the Founder, Chairman, and CEO of Vista Equity Partners LLC which has more than $30 billion in assets. It has come to our attention that this African American entrepreneur is the second-richest black man in the U.S., with an incredible net worth of $3.9 billion.
David Steward – Net worth: $3.9Bĭavid Steward has flown under our radar until now. READ: Popular Netflix TV Shows To Watch August Through September 3.
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