Steve Ballmer is a well-known American businessman who is the owner of National Basketball Association’s Los Angeles Clippers. He is also a philanthropist and investor and was Microsoft’s chief executive officer. In 1998, he became the president of Microsoft. During his tenure in the company, he doubled the profits and tripled the sales. In 2014, Ballmer became the official owner of Los Angeles Clippers. Let’s find out how much is Steve Ballmer’s net worth And how did he managed to accumulate all the wealth and fame
Steve Ballmer Early Life
Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan to his parents Frederic Henry Ballmer and Beatrice Dworkin. He was raised in Farmington Hills, Michigan.
He completed his schooling at Detroit Country Day School as a valedictorian. In 1977, he earned his bachelor’s degree in economics and applied mathematics from Harvard University. When in college, he was the manager of the football team Harvard Crimson. He later went to Stanford Graduate School of Business but dropped out soon.
In 1990, Steve Ballmer got married to Connie Synder. The couple has three sons named Sam Ballmer, Peter Ballmer, and Aaron Ballmer.
As a philanthropist, Ballmer has donated millions to various organizations. In 2014, his family donated $50 million to the University of Oregon. In 1994, he donated $10 million to Harvard University along with Bill Gates. In 2017, he launched the non-profit organization called USAFacts.org. He serves as the chairman of Jewish National Fund.
Steve Ballmer Career, Awards & Achievement
After completing Harvard University, Steve Ballmer became employed with Procter & Gamble as an assistant product manager. He left the job after two years. In 1980, he dropped out of Stanford Graduate School of Business for joining Microsoft. In 1981, when the company was incorporated, he had 8% of the company.
In 2003, he sold his shares worth $955 million and kept his ownership to 4%. In 1992, he became Microsoft’s executive vice president of sales and support. He was involved in the development of .NET Framework of the company. From 1998 to 2001, Ballmer served as the President of Microsoft.
He became the CEO of the company in 2000. As CEO, the revenue of Microsoft went up to $70 billion from $25 billion. He retired as CEO in 2014. From 2001 to 2006, Steve Ballmer was the director and general partner of Accenture.
In 2012, he became an investor for building a new arena by Chris R. Hansen. In 2014, he bought the Los Angeles Clipper for $2 billion. After getting the ownership, he has barred his team from using products from Apple. He has also not allowed his family members to use iPhones.
French President Nicolas Sarkozy has conferred Steve Ballmer as the Knight of the Legion of Honor in 2011. At the Cannes International Advertising Festival in 2009, he was named as the Media Person of the year. The Boys & Girls Clubs of America bestowed him with the Champion of Youth Award in 2008. He was also honored by the Los Angeles Police Foundation in 2015.
Net Worth of Steve Ballmer
Steve Ballmer has an estimated net worth of more than $36.9 billion. This fortune comes from his successful career as a businessman. He has held several important positions in Microsoft. He is the world’s 21st richest person. He has also been a partner of Accenture SCA and is the owner of NBA’s Los Angeles Clippers. In 2009, his total compensation earning was $1,276,627. He has been one of the top earners in the world.
Steve Ballmer is considered one of the most popular businessmen in the world. He dropped out of his studies only to get associated with Microsoft and became one of the most successful and wealthiest people in the world. He is passionate about basketball and has made a lot of effort in philanthropy. He is known for his exuberant and energetic personality.