Like us on Facebook. The Stephens name adorns a 25-story office building downtown, a medical tower on the midtown campus of UAMS, the downtown campus of the Episcopal Collegiate School, the basketball arena at the University of Arkansas at Little Rock, a baseball stadium, and the heart center at the CHI St. Vincent campus. Mr. Stephens, an avid hunter, had been looking for a plantation for over a year. But despite the business success, Waltons proudest and likely most enduring accomplishment is the founding, with other family members and the Charitable Support Foundation, of the Crystal Bridges Museum of American Art in Bentonville. In 1970 they famously underwrote Wal-Mart's initial public offering. Personally, Warren Stephens contributed to Bill Clinton in 1990 and 1992, but he said he did not give the President any money during the last race. [4] By the time the bonds paid off at par in the early 1940s, Stephens had gained a reputation for municipal bond expertise and providing sound financial counseling. Privacy Policy | Terms, Conditions & Notices | Comment Policy. Stephens offers investment banking and advisory services, research, sales and trading . The Wall Street Journal reports that Stephens purchased the historic Blue Springs Plantation near Albany from Tennessee's Mountcastle family for approximately $40 million. in Finance and Management, University of Arkansas Mr. Stephens currently serves on the boards of several private companies and non-profit organizations Since 2000, Mr. Stephens has overseen the combined Stephens family's energy and natural resource investment activities. Click the AdBlock Plus button on your browser and select Disable on Observer.com. In addition, the company offers short- and medium-term financing to its retail customers; and product support services, which comprise next-day delivery and installation services, credit insurance products, product repair services, and repair service agreements. Witt Stephens, Jr. has a well-earned reputation for partnering effectively with management teams, imparting vision and a sense of purpose while empowering them with the resources needed to create value over the long term. He was the CEO of Little Rock, Arkansas -based Stephens Inc., a privately owned financial services company. Known as Blue Springs Plantation, the property wasn't officially on the market, said Elliott Davenport, Jr. of Hall and Hall, who represented Mr. Stephens. Witt Stephens started off peddling belt buckles and Bibles. Plus, art donated by Jack Stephens to the Arkansas Arts Center has been valued at $22 million. 114 Scott Street One of his closest political associates was Gov. He continued working there, selling bonds by telephone, until he was hospitalized last month. Mr. Stephens owns over 1,000 units of Barnes stock worth over $1,212,411 and over the last 14 years he sold B stock worth over $3,376,532. Neighbors include Ted Turners Nonami Plantation, Pineland, and Wildfair. Privacy policy | Arkansas Business Publishing Group And copper's importance in the new green economy goes far beyond EVs. Jack's son Warren (pictured Witt Stephens started off peddling belt buckles and Bibles. But so is copper. The brothers plowed their earnings into private equity, hewing to the investment criteria, "whim and caprice." She earned her bachelor of the arts at Trinity University and went on to work in corporate finance with a number of business interests that saw her net worth rise to $34.8 billion by July 2015, according to Forbes. In 1970 they famously underwrote Wal-Mart's initial public offering. After they hire a staff, the couple would like to entertain there when theyre in town. Updated about 3 . Still, some Manhattan brokers had an address in mind: the five-story, Federal-style town house off Park Avenue that an Arkansan couple was, at that very point, negotiating to buy. It's key to power lines and upgrading the national grid. 2023 Forbes Media LLC. In 1933, Witt Stephens founded W.R. Stephens Investments to trade Arkansas Highway bonds, which at the time were selling for as low as pennies on the dollar. The Tyson Foods Foundation is the charitable branch of Tyson Foods Inc. Johnelle and the late J.B. Hunt, founders of J.B. Hunt Co. (from top): The late Sam Walton; Alice, Jim and Rob Walton at the 2013 Walmart Shareholders meeting; Philanthropist and Crystal Bridges Museum of American Art Board Chair Alice Walton, at Crystal Bridges with the painting No. He provided $22 million so UALR could construct an on-campus arena, the Jack Stephens Center, and a $2.5 million gift to St. Vincent Infirmary Medical Center created the Jack Stephens Heart Center. The ex-president said he had taken hundreds of empty folders during his time in office, but did not explain why the DOJ also found dozens of classified documents at his Florida estate. So I think its been a very positive influence in that perspective, she said. At the time of his death in 2011, Tyson Foods was still the worlds leader, with revenues of more than $25 billion and more than 300 facilities around the globe. Jan 27 Arkansas Preservation Awards hosted by Preserve Arkansas, Jan 28 Prokofiev's "Romeo & Juliet" with the Arkansas Symphony Orchestra, Feb 1 Central Arkansas Vegan Chef Challenge, Feb 2 Thea Art Department featuring Bryant Phelan, Enews Unsubscribe | About Us The entrepreneur is included in the list of World's Billionaire's List. Witt's younger brother, Jackson T. "Jack" Stephens, joined the firm in 1946 and became its president 10 years later when Witt left the firm to lead Arkansas Louisiana Gas Co. The duplex has a private entrance on the street level and a staircase lined by stained glass windows on one side. Mike Beebe and announced progress on its most ambitious philanthropic goal everto raise $160 million to fund programs and . Stephens Jr.., was founded by his uncle Witt in 1933 ; his father Jackson joined in 1946, Jackson T. quot! Corcorans Brooklyn Landmark (Nancy Giddins). My family and I have enjoyed going up there [to New York], he told The Observer , and we just wanted to try having our own place. Stephens Inc., his Little Rock investment bank, was founded by his uncle Witt in 1933; his father Jackson joined in 1946. Though the cousins mostly invest separately now, they do still share ownership of family jewel Stephens Production as well as a sizable stake in money manager Hotchkis & Wiley. Main Line: (501) 372-1443, Circulation Little Rock, Arkansas 72201 While NBC sits at No. I guess [New Yorkers] assume everybody from Arkansas is related, or somehow in cahoots together or something, said Mr. Stevens. They sold a total of 15,000 shares worth more than $141,600.00. By the early 1960's, Mr. Stephens had expanded his growing political ties in the state by winning a seat in the Arkansas House of Representatives. This chart shows W. R. Jr. Stephens's buying and selling at Conn's by year and by quarter. Johnnie Bryan J.B. Hunt and his wife Johnelle founded J.B. Hunt Co., a rice hull packaging firm, in 1961, and from that came J.B. Hunt Transport in 1969, today one of the worlds largest trucking companies with revenues exceeding $3 million. When John Tyson was killed in an automobile accident in 1967 son Don, who had dropped out of school to join the family business, took over as CEO, and by 1995 the company was the worlds largest poultry producer and ranked 110 on the Fortune 500 list. Ms. McRee, who gave birth to William Peter Granger on Aug. 12, seems to have been a victim of the heated ratings war over morning television. Contract and Salary. The closing prices was $352,000, within a reasonable distance of what the couple was asking. This is all about Wofford Oran Stephens Jr.'s net worth, bio, height, weight, and other information. 0 Items. Terms of use | LITTLE ROCK, Ark., December 08, 2022--The Stephens Group, LLC ("The Stephens Group") announced today that it finalized its acquisition of Quality Valve, Inc. ("Quality Valve" or the "Company . Sony's made the most money. Wal-Mart Plans 11 More Neighborhood Market Stores. By June, after a tense bidding war with another out-of-town couple, the Stephenses had signed a contract for $7.995 million on the 65th Street house, according to real estate sources. In June, singer Mariah Carey toured the house with a cadre of handlers but was turned off when, on the way out, she saw several rats run out of the trash bins, according to one real estate broker. Since the space is a little quirky, its been on the market for some time, and the price had already dropped from $375,000 to $350,000. The one that became the multinational retail powerhouse headquartered in northwest Arkansas. Since 1991, he has supported the management team of Stephens Natural Resources, a wholly-owned Stephens subsidiary and one of the nations largest privately held exploration and production companies. They were single-minded about TriBeCa until they agreed to look at a fourth-floor condo on Central Park near 89th Street. Asking: $2.45 million. However, two other hard-bargaining women were also interested. Founded in 1933 by Wilton Robert "Witt" Stephens, Stephens Inc., has grown to become the country's largest off-Wall Street investment and financial services firm. A visionary founder grows a company from a small enterprise into a national or global entity, with a family lineage that carries on the business and the name for generations. Wilton Robert Stephens founded Stephens Inc., which once was the largest brokerage firm off Wall Street.He was a prime mover in the development of the natural gas industry after World War II and exerted great influence on the political and economic fortunes of Arkansas during the second half of the twentieth century.. Witt Stephens was born on September 14, 1907, in Prattsville (Grant County . For Good Morning America , Diane Sawyer and Charlie Gibsonwho has returned temporarily, despite having been shoved out when Joan Lunden leftare holding down the fort while ABC gets its act together. As of 2023, The estimated net worth of Warren Stephens is $3 Billion. She toured the tasteful, 920-square-foot place and liked everything down to the shades of paint on the walls. As the tax dispute has proceeded, Simons is now estimated to be the 25th-richest person in the United States, with a net worth estimated at $18.5 billion, according to the list of richest. $140 per post at $7/CPM. All rights reserved. Warren Stephens Net Worth Warren Stephens was born on February 18, 1957 in Little Rock, Arkansas, United States. Winthrop P. Rockefeller, has been involved in philanthropy primarily through her work as a member of the board of the Winthrop Rockefeller Foundation and has also served on multiple boards and was a founding member of the Womens Foundation of Arkansas. The site is a part of the River Market District, and is adjacent to the Museum of Discovery, Clinton Foundation Store and the . In the 1990s they helped bankroll Arkansas Gov. He served as an unofficial adviser and fund-raiser for countless politicians in campaigns ranging from local races for sheriff to contests for governor and United States senator. He died in 2005. She is an American actress, songwriter, singer, theatre artist, and model who started her career with the film Dune. The Stephenses are avid outdoors-people, and their home and dcor portray that lifestyle. It sounds like the Woody-Mia storyonly in a different income bracket and without the unhappy ending. Plus, Warren donated 11 acres along the Arkansas River in North Little Rock for construction of Dickey-Stephens Park, home of the Class AA baseball Arkansas Travelers. Central Park from one another got sick of the frequent crosstown commute. Warren Stephens father, Jackson Stephens, chairman of the family company, reportedly once said that Hillary Clinton would have made a better governor than her husband. BIRMINGHAM, Alabama - Forbes may have singled out Birmingham's Stephens family as the state's richest clan with an estimated net worth of $4 billion, but those who live in the Magic City. Adhering to his company motto Grow or die Don Tyson saw to it that the company grew, making several important acquisitions until he retired in 2001. 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