Steve Ballmer Biography– Steven Anthony Ballmer (born March 24, 1956) is an American business mogul and businessman who led Microsoft as its CEO from 2000 to 2014. He is the current owner of the National Basketball Association’s Los Angeles Clippers (NBA). According to the Bloomberg Billionaires Index, his personal worth is estimated to be about $96.9 billion as of May 2022, making him the tenth richest person on the planet.
Bill Gates hired Ballmer at Microsoft in 1980, and he dropped out of Stanford University’s MBA program. In 1998, he was elected president, and on January 13, 2000, he succeeded Gates as CEO. Ballmer stepped down as CEO on February 4, 2014, and was succeeded by Satya Nadella; Ballmer remained on the Microsoft Board of Directors until August 19, 2014, when he left to prepare for a new class.
His term as Microsoft CEO has been met with mixed reviews, with the business tripling revenues and doubling earnings while losing market share and missing out on 21st-century technology trends like the rise of smartphones in the shape of the iPhone and Android.
Who is Steve Ballmer?
Steve Ballmer is an American businessman with a net worth of $96.9 billion dollars.
He was born in Detroit and raised in Farmington Hills, Michigan, as the son of Beatrice Dworkin and Frederic Henry Ballmer, a Ford Motor Company manager.
He graduated valedictorian from Detroit Country Day School after attending Lawrence Technological University for college prep and engineering programs. He went on to become a National Merit Scholar and currently serves on the board of directors at the institution.
After graduating magna cum laude from Harvard University, he obtained a BA in applied mathematics and economics.
He worked on The Harvard Crimson newspaper and as a manager for the Harvard Crimson football team while in college. He was also the Harvard Advocate and shared a residence with fellow sophomore Bill Gates.
Ballmer did exceptionally well in the William Lowell Putnam Mathematical Competition, outscoring even.
He worked at Procter & Gamble as an assistant product manager during this time. He worked there for two years, sharing an office with Jeffrey R. Immelt, who subsequently became the CEO of GE.
Steve Ballmer Net Worth: How much does he have?
According to Forbes Reports, Steve Ballmer’s net worth is $96.9 billion as of April 2022. This places him as the world’s 31st richest person and the fourth richest in the United States.
His fortune stems from his ownership of the Los Angeles Clippers and Microsoft.
Steve Ballmer Career
In his career, Steve Ballmer left out of school in 1980 to join Microsoft, where he quickly rose to the position of 30th employee and first business manager hired by Bill Gates.
He began with a $50,000 salary and a percentage of the company’s ownership, and when Microsoft became an official company, he held 8% of it.
Then, in 2003, he sold 39.3 million Microsoft shares for $955 million, thereby lowering his holding to 4%.
He went on to lead various Microsoft departments over the next 20 years, including operations, operating system development, and sales and support.
He became President of Microsoft after leading the creation of the.NET Framework, a position he held until 2001.
In 2000, he was named CEO and was in charge of the company’s finances and day-to-day operations, with Gates remaining chairman of the board and in charge of the technological vision.
With a net worth of $33 billion as of August 2017, he was the world’s 21st richest person.
He stood down as CEO of Microsoft in 2013 and retired.
Steve Ballmer Age: How old is he?
Steve Ballmer’s age is 66 years, born on March 24, 1956, in Detroit, Michigan.
He was raised in a Jewish home and received his bachelor’s degree in economics from Harvard University.
Steve Ballmer’s Wife: Connie Snyder Ballmer
Steve Ballmer is married to Connie Snyder Ballmer. The pair has three children and has been married for 34 years. Connie is a humanitarian and philanthropist.
James (b. 1985) and Berg (b. 1987) are the couple’s sons, while Jordan is their daughter.
Who is the Owner of Los Angeles Clippers?: Steve Ballmer
Steve Ballmer is currently the owner of Los Angeles Clippers. The Los Angeles Clippers are a professional basketball team based in Los Angeles that competes in the National Basketball Association’s Western Conference (NBA).
The team was founded in Buffalo, New York, as the Buffalo Braves, and joined the NBA in 1970 alongside the Cleveland Cavaliers and Portland Trail Blazers as expansion teams.