To this end, he has been collaborating with the NHL’s head of social impact, growth initiatives, and legislative affairs in order to come up with useful thoughts and strategies.Ī post shared by World Wide Technology Has Been Honored with Numerous Accolades for His Civic and Community EngagementĪs earlier stated, David Steward believes that the eternal return on investments is not the huge profits that his company generates each year. Even though he has not found it so easy getting more black families to come out and watch Blues’ games, he is undeterred and continues to work to replicate his racing success in the NHL. Steward saw it as a way of promoting diversity in a sport where it was sorely lacking and he remains committed to that vision till this very day. Louis, was as much a business decision as it was a civic one. The move, which made David Steward the first African-American co-owner of any major sports team in St. Away from motorsports, Steward is also part of the group that purchased the NHL side, St.
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They also sponsor Bubba Wallace, the only black driver in NASCAR. The business magnate and his company, WWT, sponsor the race track in Madison, Illinois.
Louis Blues of the NHLĪnother area that is feeling the David Steward effect is sports. Kingdom Capital invested about $750,000 in the firm in May 2018.Ī post shared by World Wide Technology World Wide Technology CEO is The Co-Owner of the St. Kingdom Capital came into existence in 2016 and has thus far invested in several companies, including Canopy Biosciences, a biotech research tools company. These companies must also reflect the SHIELD values of service, humility, integrity, excellence, love, and diversity. The investment fund is focused on early-stage companies that provide tech-based health and medical solutions. It has partnered with the likes of IBM over the years.Īnother major source of revenue for David Steward is his private investment firm, Kingdom Capital. Louis, Missouri, and occupies two million square feet of warehousing, distribution, and integration space. It also resells information technology hardware. It provides enterprise networking services and data center security. Just like WWT, TelcoBuy is also a technological solutions company. Thanks to an entrepreneurial bent that he learned from his jack-of-all-trades dad, David Steward has also gone on to establish other thriving companies such as TelcoBuy and Kingdom Capital. He Has Co-Founded Other Companies Such As Kingdom Capital and TelcoBuy According to him, it is better he retains private control so that the company would remain focused on the goal of serving customers better and not just making profits. Given such levels of success, many people have pressured Steward to take his company public but he refuses to budge. They employ more than 7,000 people and generate about $12 billion in annual revenue with their customers including the likes of Citi, Verizon, and the U.S. It provides technology solutions, including cloud capabilities, data center and virtualization, security, mobility, networking technologies, voice, video and collaborations, from over 3000 manufacturers to entities in the commercial, telecoms, and government sectors.įrom just a handful of employees and a 4,000 square foot office in 1990, WWT now operates in 4 million square feet of space in more than 20 facilities throughout the world. Originally established in July 1990, WWT is billed as a leader in the systems integrator and supply chains market. David Steward is the Founder of the Largest Black-Owned Company in Americaĭavid Steward presently has a net worth of $3.9 billion and the major source of his fortune is the company which he founded, World Wide Technologies.
He has now become one of the richest African-Americans on the planet but he remains focused on impacting lives which he sees as the ultimate returns on investment. From being in debt to the tune of $3.5 million, Steward has grown the privately-held WWT into the most valuable black-owned company in America with assets of $12 billion. He would later go on to found his own business, World Wide Technology (WWT), in 1990. It was an uphill battle to get an education and his circumstances were made even more precarious by his family’s poverty, a situation that was so bad that they didn’t even have indoor plumbing for several years.īut despite all these terrible circumstances, David Steward would go on to get a college degree and land steady employment thereafter.
One of only seven black billionaires in the United States, Steward grew up in the American south back when it was racially segregated. Are you currently stuck in a rut and looking for a bit of motivation to get you going? Well, look no farther than the story of David Steward, a man who came from nothing to now be worth around $3.9 billion.
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