Steve Ballmer Net Worth 2020
|Popular Name:||Steve Ballmer|
|Real Name:||Steven Anthony Ballmer|
|Birth Date:||24 March 1956|
|Birth Place:||Detroit, Michigan, United States|
Connie Snyder (m. 1990)
|Profession:||Businessman, Entrepreneur, Investor|
|Years active:||1980 Till Date|
|Net Worth:||$70 Billion|
Steve Ballmer is an American businessman and entrepreneur, and former Chief Executive Officer (CEO) of Microsoft. Before being installed as CEO he held several high profile positions at the company, heading several departments including operating systems development, sales and support, and operations. He is a college friend of Microsoft co-founder Bill Gates, and was one of the company’s first set of employees. Steve was born into an affluent family. He grew up a brilliant student with great skills in mathematics.
After graduating from College, he worked at Procter & Gamble for a while before attending Stanford Graduate School of Business. However, he dropped out in order to pursue opportunities in the field of business. He joined Gates’ new venture and went on achieve success following an illustrious career. Ballmer, now retired from Microsoft, focuses on basketball. He purchased the Los Angeles Clippers of the National Basketball Association in 2014. Steve Ballmer net worth signifies his wealth and power. He was the second individual after Roberto Goizueta to become a billionaire in USD based on stock options earned as an employee of an organization in which he was not a founder or relative of a founder.
Steve Ballmer’s Early Life
Steven Anthony Ballmer was born on 24 March 1956, in Detroit, Michigan, United States to Frederic Henry Ballmer and Beatrice Dworkin. His family was an affluent one. His father, a Swiss immigrant, worked at the Ford Motor Company as a manager. He attended Detroit Country Day School on scholarship. He then joined Harvard College from where he graduated in 1977.
Steve Ballmer’s Career
Ballmer started working at Procter & Gamble after completing Harvard University. He was an assistant product manager but left the job after two years. After enrolling at Stanford Graduate School of Business, he dropped out in 1980 in order to take up employment at Microsoft. He had 8% share in the company when it was incorporated in 1981. By 2003, he sold 4% of his shares worth $955 and retained ownership to 4%.
In 1992, he was named the executive vice president of Microsoft’s sales and support unit. He was instrumental in the development of the “.NET Framework” of Microsoft. Ballmer served as President of Microsoft from 1998 to 2001. He became the company’s CEO in 2000. Under his reign as CEO, the company’s revenue shot up from $25 billion to $70 billion. He retired from the position of CEO on 2014.
From 2001 to 2006, he was the general partner and director of Accenture. He became an investor for developing a new arena by Chris R. Hansen in 2012. In 2014, he acquired the basketball team Los Angeles Clipper for $2 billion, after which he barred his team from using any products from Apple. He has also barred his family members from using iPhones.
Awards & Achievements
Steve Ballmer was conferred with the honour of Knight of the Legion in 2011 by French President Nicolas Sarkozy. He was named Media Person of the year at the 2009 Cannes International Advertising Festival. In 2015, the Los Angeles Police Foundation honoured him for his contributions. He also received a Champion of Youth Award from The Boys & Girls Clubs of America in 2008.
Personal Life & Family
Mr. Ballmer and his wife Connie Snyder whom he married in 1990 have three sons together. His entire household are very active on the philanthropic front. In 2014, Steve and his wife donated $50 million to the University of Oregon. He has also made significant donations to several organizations and various charities. He once donated several millions to Harvard University. He has launched a non-profit organization known as USAFacts.org, and currently serves as chairman of the Jewish National Fund.
Age & Physical Features
The proud dad of four is currently 64 years old, and nothing seems to deter him from loving one of his many passions — basketball. He does his workout routine with all seriousness in order to keep his body fit. Ballmer is 196cm in height and weighs 82kg.
Steve Ballmer Net Worth
The ex-CEO’s fortune comes from his successful business career which saw him hold several important positions in Microsoft. After retiring from Microsoft, he purchased NBA’s Los Angeles Clippers for a big amount of money. He is considered one of the richest men in the world. Find below, Steve Ballmer’s salary and financial data throughout most of his career.
Salary & Earnings
Steve is one of the highest earners in the world. His professional career started as manager at Harvard Crimson football team. He went on to work at The Harvard Crimson newspaper, Harvard Advocate magazine, and Procter & Gamble. When he joined Microsoft in 1980, he was entitled to a salary of $50,000 and shares of 8%. He became the company’s CEO in 2000 and was succeeded by Satya Nadella when he retired in 2014.
Mr. Ballmer’s wealth received great contributions from his time at Microsoft. He sold 4% (39.3 million) of his share in 2003 for almost a billion dollars. His leadership saw the company’s annual revenue boosted to $70 billion from $25 billion. He was able to build new business following the success of the company, including Xbox entertainment, data centers division, and device division. He also introduced new products such as Dynamics CRM, Windows Server, Sharepoint, and SQL Server. As the company’s CEO in 2009, he had an annual basic salary of $665,833, bonus of $600,000, and miscellaneous compensation of $10,794.
He replaced Donald Sterling as owner of Los Angeles Clippers in 2014.
Assets & Lifestyle
This Detroit-born multi-billionaire lives a luxurious life. His house in Washington, DC is said to worth a massive $23 million. Though he has sold his house in Whidbey Island for $169,500, he maintains another home in Hunts Point, Seattle that is expected to worth around $2 million. Asides owning a private jet, Steve Ballmer owns a couple of expensive cars including a Ford Fusion Hybrid which was gifted to him by Alan Mulally, the CEO of Ford.
Steve Ballmer currently has $70 billion to his name. He is one of the most popular, most successful and wealthiest businessmen in the world.