Steve Ballmer is a United States of America based businessman who also an investor and a philanthropist. Since year 2000 to 2014 he has been the chief executive officer of Microsoft before his resignation. During his time as the CEO of Microsoft the company tripled its sales and hence doubling its profits but it also lost the market dominance which was contributed by slow adoption to current technology trends. Today Ballmer is the current owner of Los Angeles Clippers. The fact that he is ranked as the 21st richest person in the world lets now look at Steve Ballmer net worth figures in 2018 and also uncover a few details you probably don’t know about Steve Ballmer.
Steve Ballmer Biography
Born in 1956 Steven Anthony Ballmer is the son of Henry Ballmer and Beatrice Dworkin. He was born in Detroit but grew up in Michigan although he spent some time in Brussels. Ballmer went for his studies at International School of Brussels then after his graduation joined Lawrence Technological University. He pursued further studies at Detroit Country School where he graduated valedictorian. He would then go ahead and join Harvard University where he graduated with a B.A in applied mathematics and economics.
On his personal life Ballmer is a father to three sons and a husband to Connie Snyder. He got married in 1990 and he lives in Hunts Point Washington.
Before starting his career at Microsoft, he was an assistant product manager at Procter & Gamble for a period of two years before deciding to join Stanford Graduate School of Business. A few months to enrollment in the university he dropped out and joined Microsoft in 1980 and he was hired as a business manager. He was the first business manager of the company. When he was hired he was paid around $50,000 as salary and a percentage of ownership of the company where he owned 8%. In 2003 Ballmer sold around 39.3 million of his shares which brought in around $955 million which reduced his ownership to 4%.
Before his assumption to Chief Executive Officer of Microsoft Ballmer headed several Microsoft divisions such as sales and support, operations among others. He progressed to the executive vice president of sales and support then went to be the president of Microsoft from 1998 to 2001 where he was the second authoritative figure in the company from Bill Gates.
In year 2000 Ballmer became the Chief Executive Officer of Microsoft. during his tenure as the CEO the company acquired Skype, Xbox entertainment, Nokia, revenue tripled, profits grew to a triple figure and many more products were acquired during his time. However, during his time Ballmer faced criticism due to his failure on capitalizing on consumer technologies such as music players, smartphones and tablets. The company has been struggling to keep up with the technology advancement in the market today.
His retirement was communicated in 2013 but he officially retired in 2014 succeeded by Satya Nadella.
On Awards And Achievements: Received by Steve Ballmer, he has been awarded with a Knight of the Legion of Honor, and even named the media person of the year among other awards.
How much is net worth of Steve Ballmer
Steve Ballmer net worth stands at $38.7 billion. The source of Steve Ballmer net worth fortune is giant software maker Microsoft. He has served in many divisions of Microsoft such as the first business manager, operations manager, sales and support manager, and other divisions. He assumed the role of chief executive officer in 2000 and retired in 2014. When he assumed office apart from the salary he was given 8% of the total shares of the Microsoft. As of 2018 Ballmer owns 4% of the total shares of the company as he has already sold 4%. Apart from Microsoft Ballmer is the owner of NBA’s Los Angeles Clippers which contributes some money to his net worth figures.
5 Facts You Need To Know About Steve Ballmer
Here are some few facts which you probably don’t know about the owner of Los Angeles Clippers who has been the CEO of the biggest software development company in the world.
1. He was the second Microsoft chief executive officer of the company the first one being Bill Gates.
2. He was nicknamed “Monkey Boy “due to his good performance and being one of the people with awesome sales presentation.
3. He usually drives a FORD in honor of his late father who used to be a manager at FORD company.
4. He has always had the passion for basketball as in numerous occasions tried to purchase an NBA team and even build an arena for them. This was even before securing the deal to purchase Clippers.
5. Just like many other billionaires in the tech industry Ballmer too dropped out of Stanford University.
Steve Ballmer net worth is a justification of how great he is as a leader and how valuable he has been to Microsoft. We wish him the best in the coming years and who knows Clippers might be the next champions.