Bloomberg Billionaires Index

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# 452 David Steward $5.60B

Random fact: Life-long jazz lover.


Steward is co-founder and majority owner of World Wide Technology, a closely held provider of information technology services. The St. Louis-based company provides cloud computing and security services as well as digital consulting. It employs about 8,000 people and has annual revenue of $14.5 billion.

As of :
Last change -$121k ( 0%)
YTD change +$585M ( +11.7%)
Biggest asset World Wide Technology
Country / Region United States
Age 71
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

David Steward's net worth of $5.60B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Steward's fortune is derived from his controlling interest in World Wide Technology, a closely held information services and hardware provider. Steward holds a 59% stake while Jim Kavanaugh, his partner and co-owner, has a 36% stake, according to a 2019 report.

The company employs about 8,000 people and has annual revenue of $14.5 billion, according to its website. It's valued using the enterprise value-to-sales multiple of three publicly traded peer companies: Insight Enterprises, Eplus and CDW.

Rebecca Morrison, a WWE spokeswoman, didn't comment on the net worth calculation.


Family: Married, 2 children

David Lloyd Steward was born in Chicago on July 2, 1951. After moving to Missouri he earned a business degree from Central Missouri University in 1974, according to a Dec. 18, 2006 interview he gave to the History Makers.

After working as a salesman for the Missouri Pacific Railroad, he joined Federal Express before leaving to found a freight analytics firm, Transportation Business Specialists. He used that experience as the foundation for World Wide Technology, which he co-founded in 1990, according to the company's website.

Four years later a partnership with Cisco Systems saved the company from its mounting debt and then it won business with the federal government, taking advantage of the company’s status as a minority contractor, and with companies including Papa John’s International Inc. WWT now sells bundles of products made by Dell Inc., Intel Corp. and more than a dozen others.

Steward lives in St. Louis.

  • 1951 David L. Steward is born in Chicago.
  • 1983 Founds a transportation analytics company after working at Federal Express.
  • 1990 Incorporates World Wide Technology.
  • 1994 Enters a partnership with Cisco Systems.
  • 2003 Annual sales top $1 billion.
  • 2004 Publishes book of business lessons he gleaned from the bible.
  • 2016 World Wide Technology opens regional office in Denver.
  • 2017 Receives jazz leadership award at a Jazz at Lincoln Center gala.