Name
Warren Stephens
Warren Stephens
Little Rock, Arkansas
Bachelor of Arts/Science, Washington & Lee University | Master of Business Administration, Wake Forest University School of Business
United States
4
investment banking
$2,600,000,000
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#916 Billionaires 2019
#302 Forbes 400 2018
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.
A golf nut, Stephens built the Alotian Club outside Little Rock; it's ranked one of the nation's best.
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