Steve Ballmer Net Worth $33 billion
Steve Ballmer salary $2,000,000,000
Steve Ballmer Net Worth: How rich is Steve Ballmer? & How much money is Steve Ballmer worth? Time to find out!
Steve Ballmer is an American chief executive and his current net worth is $33 billion.
Born in Detroit, as the son of Beatrice Dworkin and Frederic Henry Ballmer, a manager at the Ford Motor Company, he grew up in Farmington Hills, Michigan.
After attending college prep and engineering classes at Lawrence Technological University, he also graduated valedictorian from Detroit Country Day School. From there, he received a National Merit Scholar and now serves as a member of the school’s board of directors.
Later, he received a BA in applied mathematics and economics, after he graduated magna cum laude from Harvard University.
While at college, he served as a manager for the Harvard Crimson football team, and worked on The Harvard Crimson newspaper. He also served as the Harvard Advocate, and lived down the hall from the fellow sophomore Bill Gates.
Ballmer had excellent results in the William Lowell Putnam Mathematical Competition, and scored even higher than .
During this time he used to work as an assistant product manager at Procter & Gamble. He spent two years there, where he shared an office with Jeffrey R. Immelt, who later became CEO of General Electric.
How did Steve Ballmer get famous?
In 1980, he dropped out school to join Microsoft and soon became the 30th employee, the first business manager hired by Bill Gates.
Initially, he had a salary of $50,000 as well as a percentage of ownership of the company, and when Microsoft became an official company, he owned 8% of it.
How does Steve Ballmer make money?
Then in 2003 he sold 39.3 million Microsoft shares equating approx. $955 million, and reducing his ownership to 4%.
In the following 20 years of his hire, he headed several Microsoft divisions, including operations, operating systems development, and sales and support.
After he led Microsoft’s development of the .NET Framework, he became the President of the company, a title he held until 2001.
In 2000, he became chief executive officer, and handled company finances and daily operations, with Gates remaining chairman of the board and retaining control over the technological vision.
As of August 2017, he became the 21st richest person in the world, with a net worth of $33 billion.
In 2013 he stepped down as Microsoft’s CEO, and retired.
He has placed a bid of $2 billion to buy the Los Angeles Clippers of the National Basketball Association (NBA).
He officially became the Clippers owner on August 12, 2014. Microsoft co-founder Paul Allen is a fellow owner in the NBA, himself having owned the Portland Trail Blazers since 1988.