In the fast-paced world of mega bucks, David Steward, the second-richest Black mogul in the U.S., went from a high of $8.48 billion to $8.1 billion in just eight days. According to the Bloomberg Billionaires Index, his recent financial rollercoaster reflects a $380 million dip in net worth.
This comes after a dazzling climb earlier this month, where Steward’s fortune soared by an eye-popping $470 million, making headlines as it jumped from $8.01 billion to the lofty $8.48 billion between October 30 and November 5. The setback in Steward’s wealth is linked to a slide in his 59% stake in World Wide Technology (WWT), a behind-the-scenes tech giant making waves in cloud computing, security, and digital consulting. This powerhouse company forms the lion’s share of Steward’s riches, with his stake now valued at $8.09 billion, down from $8.47 billion on November 5.
