Steve Ballmer has established himself as one of the richest people in the world. Who is Steve Ballmer? How much is his fortune? What is it made of? How has it evolved in recent years? Business Cool deciphers its journey for you!
The richest men in the world didn’t build their fortunes in a day. It was built through long-term work, from judicious investment, through inheritance, by creating a business or even by being at the head of one of the largest companies in the world. Steve Ballmer built his fortune by running the Microsoft company for 14 long years. Focus on Steve Ballmer’s fortune, the 7the richest man in the world.
Who is Steve Ballmer?
You will have understood, Steve Ballmer is one of the richest personalities in our world. But who is he really? Steve Ballmer was born on March 24, 1956, and grew up in Farmington Hills, Michigan, where he studied mathematics and economics at the prestigious Harvard University. It is in this school that he will meet a man who will subsequently become his friend and who is also part of this ranking, a certain Bill Gates.
In 1980, Bill Gates managed to convince him to abandon his studies and join him in a company he founded a few years earlier: Microsoft. He then joined the company and thus became employee number 30 of the company. Eighteen years later, Steve Ballmer became president and in 2000 he was promoted to CEO. A position he held for 14 years.
In 2014 Steve Ballmer decided to retire and immediately bought the Los Angeles Clippers from the NBA for the modest sum of 2 billion dollars.
However, Steve Ballmer is not just a senior executive of GAFAM or the wealthy owner of an NBA franchise, he is also a philanthropist. As proof, in 2022, he and his wife donated nearly $425 million to the University of Oregon to create an institute to address the behavioral and mental health needs of the state’s children.
Steve Ballmer’s net worth in 2024
Like his counterparts in the ranking of the richest men and women in the world, Steve Ballmer’s fortune is obviously linked to variations in the stock market and the global economy. However, his fortune no longer depends solely on revenues from Microsoft, from which he is now further removed. However, he still holds 4% of the company’s shares. His current fortune therefore comes from his shares in Microsoft, his various investments in technology companies and the net worth of the basketball team he owns, as well as his assets. Today, according to BloombergSteve Ballmer’s fortune is estimated at $101 billion.
What is Steve Ballmer’s fortune made up of in 2024?
Like most of the richest men and women in the world, Steve Ballmer’s fortune is not made up of money directly in his bank account. Indeed, most of the time, the wealth of the richest people in our world is based on the shares of the companies they own. His fortune is therefore naturally correlated to the various fluctuations of the stock market.
Steve Ballmer’s fortune is therefore distributed among various sources: cash ($3.05 billion), the Los Angeles Clippers ($3.73 billion), The Forum ($400 million), the Intuit Dome ($2 billion), his shares in Microsoft ($92.1 billion).
The Changing Fortune of Steve Ballmer
In 2020, Steve’s fortune exceeded $50 billion for the first time… Since then, his fortune has only increased at lightning speed. As proof, the following year, the fortune of the former CEO of Microsoft increased to 68.7 billion dollars.
In 2022, Steve Ballmer is worth $91.4 billion, an amount that continually fluctuates depending on the stock price, as much of his fortune comes from his shares in Microsoft.
In January 2023, the Clippers owner’s fortune fell by almost $10 billion only to rise even higher a few months later. Indeed, at present, Steve Ballmer has never had such a high fortune since it is today estimated at 101 billion dollars.
