Mr Ballmer joined Microsoft as its 24th employee in 1980.
Former assistant to Microsoft co-founder Bill Gates, Steve Ballmer, is now the fifth richest person in the world, according to Bloomberg’s Billionaire Index. With an estimated fortune of $117 billion, Ballmer is just one spot behind Gates on the real-time list of the world’s richest individuals. He is currently wealthier than Larry Ellison ($114 billion), Warren Buffet ($113 billion), and Mark Zuckerberg ($110 billion), as shown by the index. Meanwhile, Bill Gates’ fortune stands at $122 billion.
CNN reports that Ballmer became Microsoft’s 24th employee in 1980. His wealth has skyrocketed in the past year, reaching $117 billion according to Bloomberg’s data. His fortune now puts him in fifth place, and it has surged by more than $30 billion since the beginning of the year, as reported by the outlet.
Ballmer is currently ranked fifth, trailing behind Elon Musk ($193 billion), Bernard Arnault ($156 billion), Jeff Bezos ($156 billion), and Bill Gates ($122 billion). Notably, he is the only non-founder of a major business empire in the top ten richest individuals.
Bloomberg’s Billionaire Index report
According to CNN, Ballmer attended Harvard University, where he met Bill Gates. He graduated in 1977 with degrees in applied mathematics and economics. Ballmer began his career at Microsoft as an assistant to the president four decades ago. He then worked his way up to become the company’s president and eventually the CEO, succeeding Gates. Ballmer stepped down as CEO in 2014 and purchased the Los Angeles Clippers basketball team the same year.
However, a significant portion of Ballmer’s wealth is still tied up in Microsoft stock. According to Bloomberg, he still owns approximately 4% stake in the company.
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Meanwhile, Elon Musk has experienced a $41 billion loss for the first time since June, as stated by Bloomberg’s Billionaire Index. The report reveals that Musk’s net worth dropped to $193 billion. Notably, Musk, the world’s wealthiest person, holds a 13% stake in Tesla and derives the majority of his wealth from the automotive company. According to Bloomberg’s Billionaire Index report, Musk has lost $41 billion since Tesla’s October 18th earnings call. The report highlights that Musk’s net worth was $234 billion before the company’s disappointing third-quarter results.
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