Warren Stephens
Warren Amerine Stephens is an American businessman. He is the chairman, president and chief executive officer 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$2.6 billion.
- 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.