with more than 20 locations across the world. Today, the company is one of the largest Black-owned IT providers in the U.S. He founded IT provider World Wide Technology (WWT) with a shoestring budget and with seven employees. In 1990, he launched what would later turn out to be his most important business. He later established a sister company that was in charge of auditing undercharges for railroad companies called Transport Administrative Service. He approached his father for a $2000 loan which he used to launch Transportation Business Specialists, which audited and reviewed freight-bill and overcharges for the rail industry. He was also awarded Honorary Doctorates of Humane Letters by Harris Stowe State University in 2002 and Lindenwood University in 2010. in business in 1973 from Central Missouri State University. His father worked as a janitor, mechanic, and trash collector. Born in Chicago in 1951, Steward grew up in segregation with his seven siblings, and at one point, he was the only Black boy in his school. The self-made billionaire started his entrepreneurial journey from a humble background and worked his way up the ladder to become successful. Steward went on to college and received his Bachelor of Science in business from Central Missouri State University in 1973.Īfter graduating, he worked at Wagner Electric as a production manager (1974–1975), a sales representative at Missouri Pacific Railroad Company (1975–1979), and a senior account executive at Federal Express (1979–1984), where he was recognized as a salesman of the year and inducted into the company’s hall of fame in 1981.David Steward is the second richest Black American with a net worth of $6 billion, per Forbes’ estimates. Having two parents who understood their roles and their responsibilities, and then watching them work together to provide for their family, making them the best teachers in the world.” He was a master mechanic and should have been able to make good money working at the nearby power company, but they weren’t hiring people of color…. “My father was the first entrepreneur I ever knew,” Steward described, according to the Horatio Alger Association. “He was an entrepreneur out of necessity…he did what he had to do to support his wife and children. It was also at home that he learned about entrepreneurship. “But it was just the way we grew up, and it was all just a part of our lives.” “Our chores seemed endless,” Steward added. Smart Policies are as low as $30 a month, No Medical Exam RequiredĬlick Here to Get Smart on Protecting Your Family and Loves Ones, No Matter What Happens “My jobs included emptying the chamber pots, shaking down the ash in the potbelly stove and then spreading it on the driveway for traction, cleaning the barn, feeding the cows and pigs, milking the cow, and skimming the cream for the butter churn,” as documented by Horatio Alger Association.īlack Americans Have the Highest Mortality Rates But Lowest Levels of Life InsuranceĪre you prioritizing your cable entertainment bill over protecting and investing in your family? His family had a small farm with cows, vegetables, and crops and he had chores to do around the farm. “No one was ever turned away,” he said, according to Christian Broadcasting Network. David said homeless people often came to his childhood home to eat. “I literally lived on the other side of the railroad tracks,” David once said, “but I learned that division doesn’t work.”ĭespite the hardship and challenges growing up, Steward said his parents taught him it was important to be kind to people. In Clinton, Steward came face-to-face with discrimination he attended segregated schools. In 1953, the family moved to Clinton, Missouri. Born in Chicago, he is the son of a homemaker and a mechanic.
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