Do you Know the net worth of Steve Ballmer? Have you ever guessed where he comes from and where he attended school? Do you know how Steve’s career began and how he made his wealth? This article answers all your questions about Steve Ballmer net worth.
Who is Steve Ballmer?
Steven Anthony Ballmer is an American businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the current owner of the Los Angeles Clippers of the National Basketball Association (NBA). As of February 2022, his net worth is around $96 billion, making him the ninth-richest person on Earth.
Where Steve Ballmer Originated
Ballmer was born in Detroit, Michigan; he is the son of Beatrice Dworkin and Frederic Henry Ballmer (Fritz Hans Ballmer), a manager at the Ford Motor Company. His father was a Swiss immigrant who predicted that his son, at eight years old, would attend Harvard. His mother was Belarusian Jewish. Through his mother, Ballmer is a second cousin of actress and comedian Gilda Radner. Ballmer grew up in the affluent community of Farmington Hills, Michigan.
Ballmer was hired by Bill Gates at Microsoft in 1980, and subsequently left the MBA program at Stanford University. He eventually became president in 1998, and replaced Gates as CEO on January 13, 2000. On February 4, 2014, Ballmer retired as CEO and was replaced by Satya Nadella; Ballmer remained on Microsoft’s Board of Directors until August 19, 2014, when he left to prepare for teaching a new class.
His tenure and legacy as Microsoft CEO has received mixed reception, with the company tripling sales and doubling profits, but losing its market dominance and missing out on 21st-century technology trends such as the ascendance of smartphones in the form of iPhone and Android.
Ballmer lived in Brussels from 1964 to 1967, where he attended the International School of Brussels. In 1973, he attended college prep and engineering classes at Lawrence Technological University. He graduated as valedictorian from Detroit Country Day School, a private college preparatory school in Beverly Hills, Michigan, with a score of 800 on the mathematical section of the SAT and was a National Merit Scholar. In 1977, he graduated magna cum laude from Harvard University with a Bachelor of Arts in applied mathematics and economics.
Ballmer attended Stanford Graduate School of Business and later dropped out to join Microsoft.
Career and Businesses
Ballmer owns an estimated 4% of Microsoft shares, making him the largest individual shareholder of the tech company. In 2014, shortly after stepping down as Microsoft CEO, Ballmer purchased the L.A. Clippers basketball team for $2 billion.
Ballmer was the second person after Roberto Goizueta to become a billionaire in U.S. dollars based on stock options received as an employee of a corporation in which he was neither a founder nor a relative of a founder.
Ballmer launched USAFacts.org in 2017, a non-profit organization whose goal is to allow people to understand US government revenue, spending and societal impact. He is reported to have contributed $10 million to fund teams of researchers who populated the website’s database with official data.
Summary of Steve Ballmer Net Worth
- Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014.
- He joined Microsoft in 1980 as employee No. 30 after dropping out of Stanford’s MBA program.
- Ballmer oversaw Microsoft after the first dot-com crash and through efforts to catch up to Google in search capabilities and Apple in mobile phones.
- The same year he retired from Microsoft he bought the NBA’s Los Angeles Clippers for $2 billion.
- He has ramped up his philanthropy since 2014, putting over $2 billion into a donor-advised fund, with a focus on lifting Americans out of poverty.
- In 2018, he invested $59 million in Social Solutions, which makes software for nonprofits and government agencies.
- He has a net worth of $96 Billion