David Lloyd Steward
1951
An American entrepreneur and the co-founder and chairman of World Wide Technology (WWT), with a net worth of $11.4 billion
David Lloyd Steward (born in 1951) is an American billionaire businessman, entrepreneur, and philanthropist. He is best known as the founder and chairman of World Wide Technology (WWT), a leading technology solutions provider and one of the largest African-American-owned businesses in the United States. Steward’s journey from modest beginnings to becoming one of the world’s wealthiest individuals is a testament to his perseverance, innovative mindset, and commitment to excellence.
Early Life and Education
David Steward was born in Clinton, Missouri, to a working-class family. His father worked as a mechanic and janitor, while his mother was a homemaker. Despite financial hardships, Steward developed a strong work ethic and an entrepreneurial spirit from a young age. He attended Central Missouri State University (now the University of Central Missouri), where he earned a degree in Business Management in 1973.
Career Beginnings
Steward began his professional journey in sales and marketing, working for companies like Wagner Electric and Federal Express (FedEx). At FedEx, he distinguished himself by excelling in corporate sales and received multiple awards for his performance. These experiences laid the foundation for his eventual venture into entrepreneurship.
Founding World Wide Technology
In 1990, David Steward founded World Wide Technology (WWT), a company focused on providing IT services and technology solutions to businesses and government agencies. Starting as a small operation, WWT grew exponentially under his leadership, becoming a global leader in systems integration, cloud computing, and supply chain solutions.
Today, WWT serves some of the largest corporations in the world, including Fortune 500 companies, and generates annual revenues exceeding $17 billion. Steward’s ability to foster innovation and build strong relationships with clients has been instrumental in the company’s success.
Wealth and Recognition
As of 2024, David Steward’s net worth is estimated at $11.4 billion, ranking him 344th on the Forbes list of global billionaires. His achievements have not only placed him among the wealthiest individuals in the world but also made him a trailblazer in the business world as one of the most successful African-American entrepreneurs in history.
Philanthropy and Community Impact
Steward is deeply committed to giving back to the community. Through his David and Thelma Steward Foundation, he supports initiatives in education, healthcare, and community development. He is particularly passionate about empowering underserved communities, fostering diversity in technology, and supporting faith-based organizations.
David Lloyd Steward: Accolades
Five-Time Winner of the Fast 50 Awards:
Celebrated for rapid business growth and innovation.Legacy and Influence
Horatio Alger Award (2014):
Recognized by the Horatio Alger Association of Distinguished Americans for perseverance and success in the face of adversity.
Black Engineer of the Year (2012):
Honored at the BEYA STEM Conference for his contributions to technology and engineering.
Silver Buffalo Award, Boy Scouts of America:
Acknowledged for his contributions to youth and community development.
Top 100 List of St. Louis Leaders (2002):
Ranked among the most influential leaders in St. Louis.
Small Business Association Hall of Fame (2001):
Inducted for outstanding contributions to small business development.
Top 100 Industrial/Service Companies (1998–2001):
Ranked by Black Enterprise:
11th in 1998
6th in 1999
1st in 2000 and 2001
Phoenix Award (2000):
Recognized by the St. Louis Minority Business Council for excellence in business leadership.
Entrepreneur of the Year (2000):
Awarded by Black Enterprise for his remarkable business achievements.
100 Leaders for the Millennium (2000):
Named by the St. Louis Business Journal as a visionary leader for the future.
100+ Most Influential Black Americans:
Featured in Ebony magazine for his impact on business and society.
Company of the Year (1999):
WWT recognized by Black Enterprise for its outstanding business performance.
Business Person of the Year for Missouri:
Awarded by the Small Business Administration for his contributions to Missouri’s economy.
Ernst & Young Entrepreneur of the Year (1998):
Recognized for innovation and leadership in entrepreneurship.
14th Best American Entrepreneur (1998):
Ranked by Success Magazine for his entrepreneurial achievements.
Minority Small Business Person of the Year (1997, 1998):
Honored by the Small Business Administration for exemplary business performance.
Granville T. Woods Award for Outstanding CEO (1997):
Recognized for excellence in leadership and business growth.
The American Marketing Association Distinguished Executive (1996):
Awarded for his exceptional contributions to marketing.
David Steward’s remarkable career serves as an inspiration to countless individuals, particularly in the African-American community. His story highlights the importance of resilience, vision, and integrity in achieving success. As a pioneer in the technology industry and a dedicated philanthropist, Steward has left an indelible mark on both the business world and society at large