Tech founder David Steward is now the richest black man in America

David Steward, founder and chairman of World Wide Technology (WWT), is now considered the richest black man in the United States, with an estimated net worth of $11.4 billion.

Steward is ranked No. 84 in the recently released Forbes Magazine 2024 rankings Forbes 400 List, a definitive ranking of the richest Americans.

This year, individuals needed at least $3.3 billion to make the cut, with the list reflecting a total net worth of $5.4 trillion – a $1 trillion increase from last year.

David Stewart's rise in the tech world

Steward, 73, founded WWT in 1990. The IT services company has since grown into a leading provider to more than 80 Fortune 100 companies.

The company works with major companies such as Cisco, Verizon, and the federal government, providing solutions in artificial intelligence (AI), cybersecurity, data analytics, and more.

Steward attributes much of his success to America's culture of opportunity. Under his leadership, WWT generates more than $20 billion annually, including $6 billion in international markets.

In a statement on WWT's website, the company emphasizes its mission to “deliver groundbreaking solutions that redefine businesses, revolutionize industries and transform communities.”

Black representation in Forbes 400

Steward's listing at No. 84 marks the highest ranking for a Black person in 2024 Forbes 400.

The second Black man on the list, Robert F. Smith, is ranked No. 88 with a net worth of $10.8 billion. Smith is the founder of Vista Equity Partners, a private equity firm specializing in software companies.

The company currently has over $100 billion in assets under management and is involved in an $8.4 billion deal to acquire Smartsheet in partnership with Blackstone.

Image source: United Way