Steve Anthony Ballmer, a corporate tycoon and businessman from the United States, led Microsoft as its CEO from 2000 until 2014, know his age and net worth
He is the current owner of the National Basketball Association’s Los Angeles Clippers (NBA). His personal wealth is estimated by Bloomberg Billionaires Index to be $91 billion as of November 2022, putting him as the tenth-richest person on Earth.
Steve Ballmer Net Worth, Age, Wife And Education As He Enters Race To Buy Liverpool
|Born||Steven Anthony Ballmer
March 24, 1956 (age 66)
Detroit, Michigan, US
|Education||Harvard University (BA)|
|Occupation||Investor & businessman|
|Known for||Former CEO of Microsoft|
|Spouse||Connie Snyder (m. 1990)|
Early life and family
On March 24, 1956, in Detroit, Michigan, Ballmer was born. Frederic, his father, worked as a manager for Ford Motor Company. Beatrice, his mother, was a manager at an unknown corporation. In Farmington Hills, Michigan, he was raised. Ballmer has three kids with his wife of three years, Connie Snyder.
From 1964 to 1967, Ballmer attended the International School of Brussels. In 1973, after graduating from the exclusive Detroit Country Day School for college prep, he enrolled at Lawrence Technological University to take engineering and college prep courses.
He attended Harvard University and received a BA in Applied Mathematics and Economics in 1977, graduating with honours.
How has Steve Ballmer increased his wealth?
The estimated net worth of Steve Ballmer is $91 billion. He is the owner of the LA Clippers and has a tight relationship with Microsoft. Bill Gates and Paul Allen co-founded the computing corporation Microsoft, and Ballmer was among its first workers. They granted him equity when he joined as their first company manager (stock). At the time of Microsoft’s incorporation, Ballmer owned 8% of the stock.
Ballmer has so far made $3.5 billion from the sale of Microsoft stock. Ballmer has received dividends totalling more than $4 million from his remaining shares. Ballmer has managed numerous divisions over the years, from operations to sales. When Bill Gates resigned as CEO of Microsoft in 2000, Ballmer took over. He earned more than $1 million annually as the company’s CEO.
Satya Nadella succeeded Ballmer after he left the firm in 2013 and has subsequently given it new life. Microsoft has emerged as a major player in cloud computing. Although he receives a respectable salary from the team, his 8% ownership in Microsoft accounts for the majority of his wealth.
What financial decisions has Steve Ballmer made?
He has a number of upscale properties in Hunts Point, Washington. A 3,790-square-foot mansion with five bedrooms and four bathrooms cost him $9.8 million in 2019. For $1,325,000, he bought his primary property in 1987, which is situated on a prime shoreline of Lake Washington. At this time, the property is worth about $12 million.
His most expensive and unusual investment to date was the $2 billion purchase of the Los Angeles Clippers in 2014. Ballmer paid the Madison Square Garden Company $400 million in cash in 2020 to acquire The Forum in Inglewood, California through his business, CAPSS LLC.
The Madison Square Garden Company had brought multiple legal actions to stop the construction of a new Clippers stadium close to The Forum. Construction and the team’s relocation were made possible by Ballmer’s purchase of The Forum, which put a stop to the legal issue.