Question of the Day [Black History Month]: What is the largest Black-owned business based on revenue (sales)?
Hint: this company provides logistics for more than 45% of Fortune 500 companies!
Answer: World Wide Technology (WWT) founded by David Steward with $11.2 billion in revenue
Questions:
- The founder, Dave Steward, has grown WWT to 5,000 employees. What do you think are the challenges that a founder faces when managing a larger organization?
- If you had the opportunity to interview Mr. Steward, what would you ask him?
- What do you think are the keys to success with technology companies?
Behind the numbers (Black Source Media):
Topping the list of 20 biggest black-owned companies in the United States is technology solution provider World Wide Technology with $11.2 billion in annual revenue and more than 5,000 employees. Founded in 1990, World Wide Technology provides supply-chain technology to 45% of Fortune 500 companies.
The company provides information technology and software solutions. Some of the world’s most recognizable brands are WWT’s customers, namely Boeing, Cisco, AT&T, Microsoft, and the US Air Force. World Wide Technology employs more than 3,800 people and operates in more than 20 facilities throughout the world.
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Looking for more resources for Black History Month? Check out our latest blog post.
About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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