Tag: David Steward

  • Black Billionaire David Steward Loses $380 Million in 8 Days

    Black Billionaire David Steward Loses $380 Million in 8 Days

    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.

  • Onsite! Love Jones: Four Black Billionaires and Their Partners

    Onsite! Love Jones: Four Black Billionaires and Their Partners

    One thing is for sure, and two things for certain is that We LOVE love, especially expensive love . Here are some black billionaire men and their wives who you may or may not know. From entertainers to athletes and, business moguls, these men seem to have hit the jackpot with these women as some of these ladies are also entrepreneurs and superstars themselves.

    #4. LeBron and Savannah James

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    This popular couple is no stranger to the spotlight as they’ve been known for making headlines for Savannah’s unconditional support for LeBron. According Forbes, LeBron, pro NBA player, made history after becoming the first “active” NBA athlete to reach billionaire status with his net worth currently estimating at $1 Billion. The Insider reported that the pair have been together for nearly two decades and wedded in 2013.

    #3. Michael Jordan and Yvette Prieto

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    Former NBA superstar Michael Jordan and Yvette Prieto have been married for 10 years. Jordan proposed to the latino bombshell back in 2011, and the pair made it official in 2013, reports the New York Post. According to Forbes, the former pro athlete is currently worth $2 Billion as of 2023. If you’re unaware, Jordan also co-owns a NASCAR team in addition to his numerous other business ventures.

    #2. Jay-Z and Beyonce

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    Now, we all know and love this power couple. Beyonce and Jay-Z are powerful separately but together they’re a FORCE. According to Forbes, rapper turned entrepreneur Jay-Z made history in 2019, after “becoming hip-hop’s first billionaire.” As of July 2023, its been reported that Jay-Z, who also goes by his birth name, Shawn Carter, is worth $2.5 billion. Forbes reported that Beyonce is worth a whopping $540 million; however, fans speculate the singer is worth well over a billion dollars after the couple released the song Family Feud, with lyrics implemented that said “Whats better than one billionaire? Two (Two).” The superstars have been married for 15 years after secretly tying the knot in 2008, according to Brides.

    #1. Robert F. Smith and Hope Dworaczyk Smith

    Instagram / Hope Smith

    Finally, Robert F. Smith and Hope Dworaczyk Smith have been married since 2015. According to Forbes, Robert is the founder of Vista Equity Partners. Currently, he is worth $7 Billion making him the richest African American. Hope is also an entrepreneur who owns MUTHA, a luxury skincare company.