9/28/2023 0 Comments Dave steward as![]() He brings his deep faith into the workplace. Smith, who is not only America’s wealthiest Black billionaire but also the world’s second-richest Black billionaire. Dave Steward is not your typical billionaire tech-company founder. Steward’s stake in World Wide Technology accounts for almost the entirety of his wealth.ĭespite experiencing a decline of $570 million since mid-February, Steward continues to hold the position of America’s second-richest Black individual, with a net worth of $5.6 billion. The decline in his wealth figures can be attributed to the recent pullback in tech company shares, as the valuation of World Wide Technology is based on the enterprise value-to-sales multiple of three publicly traded peer companies – Insight Enterprises, Eplus, and CDW. Steward founded and served as chairman of World Wide Technology, a private company majority-owned by Steward, with reported revenues in excess of. Together, the pair have hit on one of the surest ways to profit from technology and its ever-shifting nature. ![]() ![]() David Steward speaks during the dedication of a new community. When I was born, my dad was on tour, and I was going to shows when I was still in my mom’s tummy, she stated. The other is its chairman, David Steward, 68, the salesman to Kavanaugh’s wonk. David Steward built his fortune running an IT service provider that counts Citi, Verizon, and the federal government as clients. 16, the African-American billionaire who is the co-founder and majority owner of closely held information technology services provider, World Wide Technology, has seen his net worth decline by $570 million, reducing his fortune to $5.6 billion from $6.17 billion. Dave Stewart is a new wave legend But Dave has always just been Dad to Kaya. David Steward, one of the wealthiest Black businessmen globally and America’s second-richest Black individual, has experienced a substantial decrease in his net worth since mid-February, after a remarkable increase of $1.16 billion in the first 36 days of 2023.Īccording to data tracked by the Bloomberg Billionaires Index, which tracks and compares the fortunes of the world’s top 500 wealthiest individuals, reveals that Steward, who ranks as one of the world’s richest black businessmen, has endured a $570-million reduction in his net worth over the past 56 days. For Stewartwho in addition to Eurythmics, has also built his reputation as a solo singer-songwriter and in-demand producerthe announcement of the band's nomination on February 2 came out of. DAVID STEWARD LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return.
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