How Did David Steward Make His Money?

David Steward’s Profile Summary

Company	World Wide Technology
Position	Chairman
Source of wealth	Information Technology Services and Solutions
Also known as	David Steward
Age	74
Education	Bachelor of Science in Business
Citizenship	USA
Residence	St. Louis, Missouri
Family	Married, two children
Website, Social Media	https://www.wwt.com https://www.linkedin.com/company/world-wide-technology https://x.com/wwt_inc https://www.facebook.com/WorldWideTechnology https://www.instagram.com/wwt_inc

David Steward’s biography

David L. Steward, born in 1951 in Chicago, Illinois, is an American billionaire businessman renowned for founding World Wide Technology (WWT). Raised in Clinton, Missouri, Steward experienced the challenges of segregation and poverty, which instilled in him a strong work ethic and resilience. He earned a Bachelor of Science in Business from Central Missouri State University in 1973.

Steward's early career included roles as a production manager at Wagner Electric, a sales representative at Missouri Pacific Railroad, and a senior account executive at Federal Express, where he was recognized as Salesman of the Year and inducted into the company's hall of fame in 1981. In 1990, leveraging his industry experience, Steward founded World Wide Technology, focusing on implementing enterprise-wide imaging, conversion services, and telecommunication networks. Under his leadership, WWT expanded its services and client base, becoming one of the largest African-American-owned businesses in the United States. By 2018, the company's revenue exceeded $11 billion, ranking it among the largest private companies in St. Louis.

Beyond his business endeavors, Steward is known for his philanthropic efforts and commitment to community service. He serves on various boards, including Barnes-Jewish Hospital, Centene Corporation, Webster University, and the University of Missouri. His contributions have been recognized with numerous awards, such as the Horatio Alger Award and the Black Engineer of the Year Award. As of 2024, Forbes estimated his net worth at $11.4 billion, ranking him among the wealthiest individuals globally.

How did David Steward make money?

David Steward's journey to becoming a billionaire is a testament to his entrepreneurial spirit and strategic vision in the information technology sector. After gaining valuable experience in sales and management roles, Steward identified a burgeoning opportunity in the IT industry. In 1990, he founded World Wide Technology (WWT) with a focus on systems integration, providing advanced technology solutions to large organizations.

Initially, WWT concentrated on enterprise-wide imaging and telecommunication networks, addressing the growing demand for efficient IT infrastructure. Steward's leadership emphasized customer-centric solutions, quality service, and strategic partnerships with major technology companies. This approach enabled WWT to secure contracts with prominent clients, including Fortune 100 companies and government agencies.

A significant milestone in WWT's growth was the spin-off of its telecommunications division to form Telcobuy.com in 1999, allowing the company to diversify its services and revenue streams. Despite challenges during the technology recession in the early 2000s, Steward's resilience and strategic adjustments led to a rebound in revenues. By 2003, combined revenues surpassed $1 billion, reflecting the company's robust expansion.

Under Steward's guidance, WWT continued to evolve, embracing emerging technologies and expanding its global footprint. By 2018, the company's revenue exceeded $11 billion, solidifying its position as a leader in the IT services industry. Steward's majority ownership stake in WWT is the primary source of his substantial wealth, which Forbes estimated at $11.4 billion in 2024.

Steward's success is rooted in his ability to anticipate industry trends, foster strong client relationships, and maintain a commitment to excellence and innovation in technology solutions.
What is David Steward net worth?

As of 2025, David Steward’s net worth is estimated to be $11.4 B.

What is David Steward also known as?

David Steward is recognized as the founder and chairman of World Wide Technology, a leading IT services firm. He is also known for his philanthropic endeavors and commitment to community service.

Prominent achievements of David Steward

David Steward has received numerous accolades, including being named Entrepreneur of the Year by Black Enterprise in 2000 and induction into the Small Business Hall of Fame in 2001. His leadership has propelled WWT to become a leading IT services firm with revenues exceeding $11 billion.

What are David Steward’s key insights?

Steward emphasizes integrity, customer focus, and innovation. He believes in building lasting relationships and delivering value-driven solutions, guided by principles outlined in his book, "Doing Business by the Good Book."

David Steward’s personal life

David Steward is married to Thelma Steward, and they have two children, including daughter Kimberly Steward, a film producer known for her work in the entertainment industry.

Useful insights

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