#1258
Warren Stephens
United States 69 years old
Overview
- Source of Wealth
- Investment banking
- Industry
- Finance & Investments
- Residence
- Little Rock, Arkansas
- Education
- Wake Forest University School of Business (Master of Business Administration)Washington & Lee University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- Dillard's Inc.57,000 shares @ --DDS-US
Biography
Warren Stephens is an investing billionaire and the current United State ambassador to the United Kingdom.
His uncle Witt founded Little Rock-based investment bank Stephens Inc. in 1933; his father Jackson joined in 1946.
The outfit underwrote Walmart's public offering in 1970.
The two brothers plowed their earnings into private equity, hewing to the investment criteria, "whim and caprice."
Stephens grew up in the business, became CEO in 1986 and bought out his cousins in 2006.
Stephens sold a group of newspaper holdings, including the Las Vegas Review Journal, for $400 million in 2015.
About
A golf nut, Stephens built the Alotian Club outside Little Rock; it's ranked one of the nation's best.