David Steward is an American businessman and the chairman and founder of World Wide Technology. He is known for being one of the largest African-American-owned business owners in America. According to Forbes, he was one of the 13 black billionaires worldwide in 2019. Steward’s net worth and business successes have placed him on the Forbes 400 list of American billionaires.
Key Takeaways:
- David Steward is an influential African American entrepreneur and philanthropist.
- He founded World Wide Technology, which is now a global technology solution provider.
- Steward’s net worth is estimated at $6 billion, according to Forbes.
- He is actively involved in philanthropy and community development.
- Steward’s journey serves as inspiration for aspiring entrepreneurs and underrepresented communities.
Early Life and Challenges Faced by David Steward
David Steward, the renowned American businessman and founder of World Wide Technology, has overcome numerous challenges throughout his life to achieve remarkable success. Born in Chicago, Illinois, in 1951, Steward grew up in Clinton, Missouri, where he faced adversity from a young age. His childhood was marked by poverty and racial discrimination, as he endured the harsh realities of segregation, limited access to public facilities, and witnessing racial inequality in his community.
Despite these challenging circumstances, Steward’s upbringing instilled in him the values of hard work, self-reliance, and perseverance. His parents played a pivotal role in shaping his character and encouraging him to overcome obstacles. With their guidance, Steward learned the importance of resilience and determination, which served as the foundation for his future achievements.
My parents taught me the value of hard work and never giving up, no matter the circumstances. Their unwavering support and the lessons they imparted to me have been instrumental in shaping my entrepreneurial journey.
Steward’s early life experiences not only shaped his character but also fueled his drive to create opportunities for himself and others. The challenges he faced served as a catalyst for his entrepreneurial spirit and his commitment to breaking barriers.
Early Life and Challenges Faced by David Steward
Education and Business Career of David Steward
David Steward’s educational background and early career experiences laid the foundation for his success in the business world. After graduating from Central Missouri State University in 1973 with a bachelor’s degree in business, Steward gained valuable knowledge and skill sets through various professional roles.
His career began with companies like Wagner Electric, Missouri Pacific Railroad, and Federal Express, where he honed his business acumen and sales expertise. These early experiences provided Steward with a solid foundation and equipped him with the necessary skills to navigate the business landscape.
Drawing from his accumulated knowledge and years of experience, Steward took the plunge into entrepreneurship. He started his own businesses, including Transportation Business Specialists and Transport Administrative Services, where he further applied his expertise in logistics and transportation industries.
Steward’s Career Highlights:
- Earned a bachelor’s degree in business from Central Missouri State University
- Gained experience in various roles in companies like Wagner Electric, Missouri Pacific Railroad, and Federal Express
- Started his own businesses, including Transportation Business Specialists and Transport Administrative Services
This combination of education, industry experience, and entrepreneurial ventures set the stage for Steward’s ultimate success as a business leader and visionary.
Table: Educational and Career Milestones
| Year | Education/Career Milestone |
|---|---|
| 1973 | Earned a bachelor’s degree in business from Central Missouri State University |
| 1973-1983 | Worked in various roles in companies like Wagner Electric, Missouri Pacific Railroad, and Federal Express |
| 1985 | Founded Transportation Business Specialists |
| 1988 | Established Transport Administrative Services |
Steward’s educational and career journey showcases his dedication to continuous learning, adaptability, and entrepreneurship, all of which have been instrumental in his achievements as a business leader.
The Birth of World Wide Technology
In 1990, David Steward embarked on his entrepreneurial journey by founding World Wide Technology (WWT), a systems integrator company that has since become a global technology solution provider. Initially focusing on enterprise-wide imaging, conversion services, and telecommunications networks, WWT quickly gained momentum and expanded its offerings.
Under Steward’s leadership, WWT has experienced remarkable growth, with revenues estimated to be over $11 billion. Today, it is considered one of the largest private companies in St. Louis. The company’s success can be attributed to Steward’s business acumen, visionary approach, and commitment to delivering cutting-edge technology solutions to its clients.
Throughout the years, World Wide Technology has built strong partnerships with major companies and government entities, solidifying its position as a key player in the tech industry. The company’s dedication to innovation and staying at the forefront of technological advancements has allowed it to provide unmatched service and deliver impactful results to its clients.
Table: World Wide Technology’s Key Achievements
| Year | Key Achievement |
|---|---|
| 1990 | World Wide Technology (WWT) founded |
| 2001 | Named Cisco’s U.S. Partner of the Year |
| 2004 | Received Microsoft’s Global Partner of the Year award |
| 2012 | Opened WWT’s Advanced Technology Center (ATC) |
| 2019 | Ranked #6 on Fortune’s “100 Best Companies to Work For” |
Philanthropy and Community Involvement
David Steward’s commitment to philanthropy and giving back to the community is a fundamental aspect of his life and business endeavors. Understanding the importance of fostering positive change and creating opportunities for others, Steward has actively participated in various philanthropic initiatives and served on multiple boards and committees.
One notable organization that Steward has been involved with is United Way of Greater St. Louis, where he has contributed his time and resources to support initiatives focused on education, health, and financial stability. Steward’s involvement stems from his belief that investing in these key areas can make a significant impact on individuals and communities.
Another noteworthy initiative led by Steward is the St. Louis STEM Student Forum and Hackathon. This event provides high school students with the opportunity to engage in hands-on learning experiences in science, technology, engineering, and mathematics (STEM) fields. Steward’s passion for education and mentorship is evident in his dedication to inspiring and empowering the next generation of innovators.
By actively engaging in philanthropy and community involvement, David Steward demonstrates his commitment to making a positive difference in the lives of others. Through his support of organizations and initiatives focused on education, mentorship, and community development, Steward’s impact extends far beyond the business world.
Influence and Legacy of David Steward
David Steward’s entrepreneurial journey and success have established him as a highly influential figure in the business world. His impact can be seen not only in his own achievements but also in the way he has inspired and empowered others. As one of the largest African-American-owned business owners in America, Steward’s legacy is a testament to the potential for success and growth within underrepresented communities.
Steward’s influence extends beyond his business ventures. He has become a role model for aspiring entrepreneurs, particularly those from marginalized backgrounds. His story of overcoming adversity and achieving remarkable success serves as a source of inspiration and motivation. Steward’s commitment to giving back to the community through philanthropic efforts further solidifies his influence and legacy.
“Success is not just about personal achievements; it’s about creating opportunities for others and making a positive impact in the world.” – David Steward
Empowering Others Through Mentorship and Education
One of David Steward’s most significant contributions to society is his dedication to mentorship and education. He believes in the power of investing in the next generation and providing them with the tools and guidance needed to succeed. Steward actively engages with students through initiatives like the St. Louis STEM Student Forum and Hackathon, where he mentors and encourages young individuals to pursue careers in STEM fields.
Creating Opportunities and Breaking Barriers
David Steward’s impact lies in his ability to create opportunities and break down barriers. Through his entrepreneurial endeavors, he has not only built a successful business empire but has also opened doors for individuals who face systemic challenges. Steward’s success serves as proof that with hard work, determination, and a strong support system, anyone can achieve greatness regardless of their background.
As a leader and visionary, Steward’s influence is seen in the growth of World Wide Technology and the positive change he has brought to the tech industry. His commitment to innovation and staying at the forefront of technological advancements has positioned his company as a global leader in technology solutions.
| Key Contributions: | David Steward’s Influence |
|---|---|
| Inspiring Entrepreneurial Spirit | Steward’s journey inspires individuals to pursue their entrepreneurial dreams and overcome obstacles. |
| Empowering Underrepresented Communities | Steward’s success as an African American entrepreneur shows what can be achieved regardless of race or background. |
| Philanthropic Efforts | Steward’s commitment to giving back contributes to positive change in communities. |
| Creating Opportunities | Steward’s business ventures open doors and create opportunities for others. |
| Technological Advancements | Steward’s focus on innovation propels his company, World Wide Technology, to the forefront of the tech industry. |
Net Worth and Forbes Ranking
David Steward’s business ventures and success have contributed to his significant net worth. As of the most recent data, his net worth is estimated at $6 billion, placing him among the wealthiest individuals in America. Forbes has recognized his financial achievements and standing within the business world by including him on the prestigious Forbes 400 list of American billionaires.
Steward’s impressive net worth is a testament to his entrepreneurial skills and the growth of his company, World Wide Technology (WWT). With revenues estimated to be over $11 billion, WWT has become one of the largest private companies in St. Louis and a global technology solution provider. Steward’s leadership and business acumen have been instrumental in catapulting him to such financial success.
“David Steward’s net worth is a testament to his entrepreneurial skills and the growth of World Wide Technology.”
Being ranked on the Forbes 400 list signifies not only Steward’s personal wealth but also the impact he has made in the business world. It solidifies his status as a prominent figure in the industry and showcases his ability to build and sustain a successful business empire. Steward’s financial achievements serve as inspiration to aspiring entrepreneurs and highlight the possibilities that can be achieved with determination, innovation, and hard work.
| Year | Forbes Ranking |
|---|---|
| 2020 | #324 |
| 2019 | #335 |
| 2018 | #359 |
Personal Insights and Values of David Steward
David Steward’s approach to business and life is shaped by his personal insights and core values. As a successful entrepreneur and philanthropist, he attributes his accomplishments to the principles instilled in him by his parents. Hard work, perseverance, and faith have been guiding forces throughout his journey.
“I believe that success comes to those who are willing to put in the effort and overcome challenges. My parents taught me the value of hard work and the importance of never giving up. It’s a mindset that has served me well in both business and life.”
Steward’s commitment to giving back to the community stems from his belief in the power of education and mentorship. He actively participates in initiatives that provide opportunities for young people, particularly in STEM fields. His belief in the potential of the next generation drives his philanthropic endeavors.
In an interview, Steward shared his belief in the transformative power of education:
“Education is the key to unlocking opportunities and breaking cycles of poverty. Through mentorship and support, we can inspire young minds to reach their full potential and pursue their dreams. Investing in education is not only an investment in individuals, but also in the future of our communities.”
Steward’s personal insights and values continue to shape his leadership style and business decisions. By staying true to his core principles, he has built a successful empire and left a lasting impact on both the business world and the community.
| Key Values | Insights |
|---|---|
| Hard Work | Success comes to those willing to put in the effort and overcome challenges. |
| Perseverance | Never giving up, even in the face of adversity, is crucial for achieving goals. |
| Faith | Steward’s belief in a higher power guides his decisions and provides strength. |
| Education | Investing in education and mentorship is essential for personal and community growth. |
Accomplishments and Honors
David Steward’s exceptional career has earned him numerous accomplishments and honors, showcasing his remarkable contributions to the business world. From being named among Ebony magazine’s “100+ Most Influential Black Americans” to receiving the Ernst & Young Entrepreneur of the Year award, Steward’s achievements highlight his impact and leadership.
Being inducted into the Small Business Association Hall of Fame further solidifies Steward’s legacy as a pioneering entrepreneur. His dedication to innovation and forward-thinking strategies has garnered recognition and admiration from the business community and beyond.
“Success is not the result of one person’s effort, but the collective efforts of a team guided by a shared vision.” – David Steward
Steward’s commitment to excellence and his ability to build strong relationships have contributed to his success. His accomplishments and honors reflect his dedication to business growth, societal impact, and inspiring future generations of entrepreneurs.
| Accomplishments | Honors |
|---|---|
| Named among Ebony magazine’s “100+ Most Influential Black Americans” | Inducted into the Small Business Association Hall of Fame |
| Received the Ernst & Young Entrepreneur of the Year award | |
David Steward’s accomplishments and honors are a testament to his exceptional business acumen, leadership, and dedication to making a positive impact in the world.
Publications by David Steward
David Steward has authored a book titled “Doing Business by the Good Book,” co-written with Robert L. Shook. The book provides insights and lessons on success from a biblical perspective. Steward’s publication showcases his belief in the importance of incorporating principles of faith and ethics into business practices.
In “Doing Business by the Good Book,” Steward shares his experiences and wisdom gained from his entrepreneurial journey. He highlights the significance of integrity, honesty, and moral values in building a successful business. The book serves as a guide for aspiring entrepreneurs, offering practical advice on ethical decision-making, leadership, and building strong relationships.
“Integrity is the foundation of any successful business. By aligning our actions with our values, we create a culture of trust and respect,” says Steward in his book.
Through his publication, David Steward encourages entrepreneurs to prioritize ethical practices and consider the impact of their actions on society. He emphasizes the importance of fostering a positive work culture and maintaining strong values in all aspects of business.
Impact on the African American Community
David Steward’s success as an African American entrepreneur has had a significant impact on the African American community. His achievements serve as inspiration and representation for individuals who aspire to succeed in business and overcome obstacles. Steward’s journey showcases the potential for empowerment and economic growth within underrepresented communities.
By breaking barriers and achieving remarkable success in the business world, Steward has become a role model for aspiring entrepreneurs from diverse backgrounds. His story illustrates that with determination, hard work, and perseverance, individuals can overcome adversity and create opportunities for themselves and their communities.
Furthermore, Steward’s accomplishments and philanthropic efforts have paved the way for increased representation and inclusivity. His dedication to giving back to the community and providing support and mentorship to young individuals demonstrates his commitment to empowering the next generation.
In summary, David Steward’s journey and achievements highlight the transformative power of entrepreneurship and the positive impact it can have on underrepresented communities. Through his success, Steward has not only created opportunities for himself but has also become a beacon of hope and inspiration for others, showcasing the possibilities that exist within the African American community.
David Steward’s Business Philosophy
David Steward’s business philosophy is centered around key values that have guided his success in the industry. His leadership approach emphasizes integrity, teamwork, and innovation, all of which contribute to creating a positive work culture and driving business growth. Steward believes in building strong relationships with his employees, partners, and clients, fostering a collaborative environment that encourages open communication and mutual trust.
One of the core principles of Steward’s business philosophy is the importance of making ethical decisions. He believes that acting with integrity and upholding ethical standards is essential for long-term success. Steward’s commitment to ethical business practices has not only earned him respect within the industry but has also contributed to the positive reputation of World Wide Technology.
“Integrity is the foundation of our business. It’s about doing the right thing, even when no one is watching. Honesty, transparency, and treating everyone with respect are principles that guide our actions.”
Another aspect of Steward’s philosophy is his emphasis on innovation. He understands the importance of staying ahead of technological advancements and constantly adapting to the changing business landscape. Steward encourages his team to embrace innovation, explore new ideas, and seek out opportunities for growth. This focus on innovation has enabled World Wide Technology to remain a leader in the tech industry.
Leadership and Success Strategies
As a leader, David Steward believes in empowering his employees and providing them with the resources they need to succeed. He values collaboration and teamwork, recognizing that a diverse and inclusive workplace fosters creativity and drives innovation. Steward’s leadership style encourages individuals to take ownership of their work and strive for excellence.
- Effective communication: Steward recognizes the importance of clear and transparent communication in building strong relationships and driving business success. He encourages open dialogue and active listening within his organization.
- Mentorship and development: Steward is committed to investing in the growth and development of his employees. He believes in providing mentorship and opportunities for advancement, empowering individuals to reach their full potential.
- Customer-centric approach: Steward’s success strategies revolve around putting the customer at the center of everything World Wide Technology does. He believes in understanding and anticipating customer needs, providing exceptional service, and building long-lasting partnerships.
| Key Values | Leadership Strategies |
|---|---|
| Integrity | Effective communication |
| Teamwork | Mentorship and development |
| Innovation | Customer-centric approach |
Entrepreneurial Insights from David Steward
David Steward, with his remarkable journey as an entrepreneur, has gained valuable insights that aspiring business owners can learn from. His tips for success reflect his determination, resilience, and commitment to continuous growth and learning.
1. Embrace Challenges: David Steward recognizes the importance of embracing challenges as opportunities for growth. He encourages entrepreneurs to view obstacles as stepping stones to success, pushing themselves beyond their comfort zones to achieve greatness.
2. Perseverance in the Face of Adversity: Steward’s journey is a testament to the power of perseverance. He advises entrepreneurs to stay focused and resilient, even when faced with setbacks. By maintaining a positive mindset and unwavering determination, one can overcome obstacles and achieve long-term success.
“Success is not linear. There will be ups and downs along the way. Stay committed to your goals, adapt to challenges, and never lose sight of your vision.”
3. Continuous Growth and Learning: To thrive as an entrepreneur, Steward believes in the importance of continuous growth and learning. He encourages business owners to invest in their personal and professional development, staying updated on industry trends, and embracing new technologies.
David Steward’s entrepreneurial insights provide invaluable guidance for individuals aspiring to succeed in business. By following his advice and embodying the principles of determination, resilience, and continuous learning, entrepreneurs can navigate the challenges of the business world and achieve their goals.
| Entrepreneurial Insights from David Steward |
|---|
| 1. Embrace Challenges |
| View obstacles as opportunities for growth and push beyond your comfort zone. |
| 2. Perseverance in the Face of Adversity |
| Stay focused, maintain a positive mindset, and persevere through setbacks. |
| 3. Continuous Growth and Learning |
| Invest in personal and professional development, stay updated on industry trends, and embrace new technologies. |
David Steward’s Impact on the Tech Industry
David Steward’s entrepreneurial journey and visionary leadership have had a significant impact on the tech industry. Through his company, World Wide Technology (WWT), Steward has brought innovation and technology solutions to businesses around the world. WWT’s commitment to staying at the forefront of technological advancements has positioned the company as a key player in the industry.
One of the ways David Steward has made an impact is through his focus on fostering innovation. WWT invests heavily in research and development, driving technological advancements and creating cutting-edge solutions for clients. This commitment to innovation has allowed WWT to remain competitive in a rapidly evolving tech landscape and has contributed to the company’s success.
“Innovation is the lifeblood of our industry. We must constantly push the boundaries of what is possible and challenge ourselves to find new and better solutions for our clients.” – David Steward
Additionally, David Steward’s emphasis on technology solutions has helped businesses across various industries streamline their operations and enhance their performance. WWT’s expertise in areas such as cloud computing, cybersecurity, and digital transformation has enabled organizations to leverage technology to drive growth and efficiency.
| Impact | Technology Solutions |
|---|---|
| Increase in efficiency | Cloud computing solutions |
| Enhanced cybersecurity | Security solutions and services |
| Improved customer experience | Digital transformation strategies |
The table above illustrates some of the ways in which David Steward’s tech solutions have made a tangible impact on businesses. By leveraging these innovative technologies, organizations can optimize their operations, protect their data, and deliver better experiences to their customers.
David Steward’s influence on the tech industry extends beyond his business ventures. He serves as an inspiration to aspiring entrepreneurs, particularly those from underrepresented communities. Through his success, he has shown that with determination, hard work, and a focus on innovation, individuals can make a significant impact in the tech industry.
As technology continues to evolve, David Steward and World Wide Technology are well-positioned to shape the future of the tech industry. Their commitment to innovation, technology solutions, and driving positive change will undoubtedly play a crucial role in transforming businesses and industries alike.
The Future of David Steward and World Wide Technology
As David Steward’s entrepreneurial journey continues, the future looks promising for both him and his company, World Wide Technology (WWT). With a focus on innovation and adaptability, Steward aims to ensure that WWT remains at the forefront of the ever-evolving technology industry. By staying ahead of the curve and embracing emerging trends, he aims to position WWT as a leading global technology solution provider.
One of Steward’s key goals for the future is to expand the reach and influence of WWT. With a track record of success and a strong foundation, the company is well-positioned to embark on new ventures and expand into new markets. This expansion could involve strategic partnerships, acquisitions, or the development of new products and services. By diversifying WWT’s portfolio, Steward aims to drive continued growth and secure the company’s long-term success.
In addition to business expansion, Steward remains committed to philanthropy and community involvement. His dedication to giving back and investing in the next generation of leaders is likely to continue shaping the future of both WWT and the communities it serves. Steward’s belief in the importance of education and mentorship will likely result in further initiatives and programs aimed at empowering young people and fostering growth within underrepresented communities.
| Future Plans | World Wide Technology Future | David Steward Business Expansion |
|---|---|---|
| Expanding into new markets | Leading global technology solution provider | Diversifying portfolio |
| Strategic partnerships and acquisitions | Continued growth and success | Securing long-term success |
| Philanthropy and community involvement | Investing in the next generation | Empowering underrepresented communities |
“Our focus on innovation and adaptability will be instrumental in shaping the future of World Wide Technology. By anticipating industry trends and embracing emerging technologies, we aim to remain at the forefront of our industry and continue serving our clients with cutting-edge solutions.” – David Steward
With his visionary leadership, dedication to excellence, and commitment to making a positive impact, David Steward is set to chart an exciting path forward for both himself and World Wide Technology. By combining business expansion, innovation, and philanthropy, he aims to create a legacy that extends far beyond financial success.
Conclusion
David Steward’s inspiring journey and unparalleled success story have established him as an influential entrepreneur and philanthropist. His contributions to the business world, commitment to giving back, and representation for underrepresented communities have left a lasting impact.
Steward’s legacy serves as a testament to the resilience, determination, and opportunities that can be found in the American Dream. Through his business ventures, he has not only amassed wealth but also created jobs and empowered individuals from diverse backgrounds.
Furthermore, Steward’s dedication to philanthropy and community involvement showcases his belief in the importance of investing in education and mentorship. He has made a significant impact on the African American community by serving as an inspiration and a symbol of achievement.
As David Steward continues to lead World Wide Technology and explore new ventures, his focus on innovation, integrity, and ethical business practices will undoubtedly shape the future of his company and leave a lasting impact on the tech industry.
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Source Links
- https://en.wikipedia.org/wiki/David_Steward
- https://afrotech.com/david-steward-net-worth
- https://horatioalger.org/members/detail/david-l-steward
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