Warren Stephens’s profile picture

Warren Stephens

Warren Stephens’s profile picture
Net worth 2018: $2.64 Billion
Industry: Investments
Residence: Little Rock, Arkansas
Country: United States
BirthDay: 18 February 1957
Sigh: Pisces
Children: 3
Education: Bachelor of Arts / Science, Washington & Lee University; Master of Business Administration, Wake Forest University School of Business
BIOGRAPHY

Warren Stephens was bornon 18 February 1957 in Little Rock, Arkansas, United States. Warren Stephens is #914 in List Billionaires People In The World. Stephens Inc., his Little Rock investment bank, was founded by his uncle Witt in 1933; his father Jackson joined in 1946. The outfit underwrote Wal-Mart's public offering in 1970. The 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 his newspaper holdings, including the Las Vegas Review Journal, for $400 million in 2015.

NET WORTH STATISTIC
2009

$3 Billion

2010

$2.5 Billion

2011

$2.8 Billion

2012

$2.7 Billion

2013

$2.5 Billion

2014

$3 Billion

2015

$2.5 Billion

2016

$2.4 Billion

2017

$2.5 Billion

2018

$2.64 Billion

TIMELINE
Warren Amerine Stephens (born February 18, 1957) is an American businessman. He is the chairman, president and chief executive officer (CEO) of Stephens Inc., a full service, privately held investment bank. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion. Stephens lives in Little Rock, Arkansas.Stephens was born in Little Rock, the son of Jackson T. Stephens and Mary Amerine Stephens. Warren's father, "Jack" Stephens, and his uncle, "Witt" Stephens, partnered as investors and financiers in the investment firm, Stephens Inc.Warren began his education in Little Rock, and in 1975, graduated from Trinity Presbyterian High School in Montgomery, Alabama. He graduated from Washington and Lee University in 1979 with a BA in Economics, and received his MBA from Wake Forest University in 1981.Stephens joined his father and uncle in the investment banking business in Little Rock, which had 139 employees. At that time, the firm resembled and operated much like one of the old British merchant banks, investing the firm’s and family funds in various businesses and ventures, and it still operates the same way today. Stephens Inc is noted for handling the IPO of Wal-Mart Stores in 1970.Stephens began work as an associate in the corporate finance department, concentrating on oil and gas. He became head of the department in 1983 and spent a lot of time on mergers and acquisitions. On February 18, 1986, Stephens was appointed president and CEO of Stephens Inc.In 1990, he was the senior advisor to Tyson Foods in their acquisition of Holly Farms in a nine-month takeover battle. He is only the third chairman, president and CEO in the firm’s more than 80 years of operations since 1933.In 2006, Stephens acquired 100 percent of the outstanding shares of Stephens Inc from the other family members.Stephen serves on the board of Dillard’s.Stephens believes that the turmoil in the financial markets beginning in 2008 created an opportunity for a firm like Stephens Inc. “Dad and Uncle Witt told me one of their corporate goals was to be in business the next day. We are under no illusion that anyone would ride to our rescue so you cannot ever take a risk that could jeopardize the ability of the firm to survive,” Warren once told employees.Stephens has written that the effect of Dodd-Frank and its favored treatment of the “too big to fail” is a basic threat to the US economy.A Republican, he supported Bob Dole in 1996, Steve Forbes in 1999, and has supported Mike Huckabee. Stephens was a bundler for Mitt Romney in 2012. He has been critical of presidents Bill Clinton and Barack Obama. During the 2016 election, Stephens and his brother Jackson Stephens were major financial supporters of the Stop Trump movement.Stephens served on the board of trustees of his alma mater, Washington and Lee University. Stephens and his wife Harriet are benefactors of various organizations, most notably the Episcopal Collegiate School and the Arkansas Arts Center, both in Little Rock.
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