This powerful company produces no products but makes money on every item sold.
When companies want to update their wireless networks, improve their cybersecurity practices, or enhance their data analytics, they hire World Wide Technology.
The company offers a wide range of services, including innovative technology and supply chain solutions, to clients from the private and public sectors.
Jim Kavanaugh is the innovative mind behind this company. His brilliance made him one of the most successful people in the country. His net worth exceeds $3.4 billion, making him the 5th richest man in St. Louis.
Who is Jim Kavanaugh?
Jim Kavanaugh is an American entrepreneur serving as the CEO of World Wide Technology.
Kavanaugh played soccer at Saint Louis University.
Kavanaugh grew up in Missouri. His father worked as a bricklayer, and his mother stayed at home with the three children.
He attended St. Louis University on a soccer scholarship in 1981 and graduated with a bachelor's degree in marketing in 1986. In 1983, he was chosen as Missouri amateur player of the year and competed for the United States in the Pan American Games.
In 1986, Kavanaugh was drafted to the Los Angeles Lazers, a Major Indoor Soccer League team. The next year, he was traded to the St. Louis Steamers. However, the team was in obvious financial trouble, and seeing the writing on the locker-room wall, Kavanaugh hung up his cleats.
Kavanaugh ended his career with 6 goals and recorded 12 assists in his 60-game career with the St. Louis Steamers and Los Angeles Lazers.
Kavanaugh turned his attention to the business world.
After a short stint in the league, Kavanaugh turned to a career in business as a sales associate for Future Electronics, an electronics distributor that sells chips and other circuit-board components.
At Future Electronics, he met David Steward. He partnered with him and co-founded World Wide Technology in 1990. The company started as a humble reseller of printers, computers, and telephonic equipment.
The company accumulated $2 million in debt quickly, and Kavanaugh had to pay money out of pocket to deliver products to clients on time. So he had to be very creative in getting the company out of debt.
World Wide Technology's big break came as a partnership with Cisco Systems Inc. in 1994. After that, they focused on consulting, testing, and installing software for companies.
This new approach made it easier for them to secure contracts with the federal government and private companies. So, they formed more partnerships with Dell, Hewlett-Packard, Microsoft, and Oracle.
By 2021, WWT's revenues were over $14.5 billion.
Jim Kavanaugh secured second place out of the 100 executives ranked among large U.S. enterprises.
In 2017, Kavanaugh placed second in the list of Highest Rated CEOs for 2017 compiled by Glassdoor, with a 99 percent approval rating from employees.
"It is an honor to be recognized with this great group of CEOs, and it's especially gratifying to be recognized by Glassdoor. The brutally honest feedback from our current and past employees via Glassdoor makes us better. This award and recognition is a direct result of our leaders working diligently with our employees to make WWT a great place to work."
Kavanaugh philanthropic activities
Kavanaugh is a known supporter of many organizations such as Ronald McDonald House, the United Way, Toys for Tots, MS Society, Habitat for Humanity, Race for the Cure, American Red Cross, YMCA, and Children's Hospital.
He also is part owner of the St. Louis Blues NHL team and a new Major League Soccer expansion team in St. Louis.
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