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BY Abu Mubarik, 9:00am May 16, 2023,

Meet 7 of America’s richest black families you probably didn’t know 

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by Abu Mubarik, 9:00am May 16, 2023,

The Steward family

The Steward family is the family of David Steward. The success of this family is due to Steward, who is regarded as the second richest man in America. Per Forbes’ estimates, Steward has a net worth of $6 billion.

Steward started his career in St. Louis where he worked as a substitute teacher while applying for full-time jobs. He briefly became an associate executive for the Boy Scouts of America before joining Wagner Electric Corp. in 1974 as a production manager.

When Wagner Electric Corp. went out of business a year later, he joined Missouri Pacific Railroad Company in 1975 and exited the firm in 1979. While with the company, he worked as a sales representative.

He subsequently moved to Federal Express, where he worked for five years. Steward was so diligent and hardworking, earning him the best salesman at Federal Express. 

In 1990, he launched what would later turn out to be his most important business. He founded IT provider, World Wide Technology (WWT) with a shoestring budget and seven employees. Today, the company is one of the largest Black-owned IT providers in the U.S., with more than 20 locations across the world. The company provides services for both the American government and private organizations.

WWT notes that it has more than 8,000 employees and generates more than $14.5 billion in annual revenue, according to Bloomberg. The technology services provider specializes in cloud capabilities, data center, and virtualization, security, mobility, and networking technologies along with voice, video, and collaboration solutions.

Steward is also the founder of Kingdom Capital, a values-driven private investment firm with a focus on early-stage companies with technology-based health and medical solutions. What is more, the billionaire is also the author of two books — Doing Business by The Good Book, published in 2004, and Leadership by the Good Book, published in 2020.

Last Edited by:Editor Updated: June 11, 2023

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