Steve Ballmer Net Worth: 5 Facts You Should Know

Steve Ballmer

Steve Ballmer’s net worth is $23.8 billion, making him one of the top 30 richest persons in the world.

But where did Microsoft Corporation’s “Employee No. 30” make his fortune? What car is he driving now? Here’s a bit more about the $23.8-billion man you may not have known before.

1. Steve Ballmer’s Net Worth Is $23.8 Billion

Steve Ballmer, the American businessman who was the chief executive officer of Microsoft Corporation (NASDAQ:MSFT), the world’s largest software maker, for 14 years, has a net worth of $23.8 billion, according to Forbes magazine. (Source: “The World’s Billionaires,” Forbes, last accessed March 8, 2016.)

However, the Bloomberg Billionaire Index puts that same figure at $22.3 billion and ranks him as the 29th richest person on the planet. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 8, 2016.)

2. His Net Worth Is Derived From Microsoft

Steve Ballmer earned his net worth after being one of the earliest employees of Microsoft. (Source: “Steve Ballmer Net Worth,” Celebrity Net Worth; http://www.celebritynetworth.com/richest-businessmen/ceos/steve-ballmer-net-worth, last accessed March 8, 2016.)

Ballmer joined Microsoft in 1980 as its 30th employee. Bill Gates hired him as a business manager and offered him a compensation package that included an annual salary of $50,000 plus an eight-percent ownership stake in the company. The company incorporated one year later, in 1981, and Ballmer’s stock skyrocketed in value. (Source: Ibid.)

Over the years, he has sold $3.4 billion worth of stock and collected roughly $3.0 billion from dividends. (Source: Ibid.)

When he retired from Microsoft in 2014, Ballmer became its largest individual shareholder with a four-percent stake after Gates sold 4.6 million shares. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 8, 2016.)

3. Microsoft’s Revenue Tripled Under Ballmer’s Tenure

While Microsoft’s revenue tripled under Ballmer’s tenure as CEO, the Redmond, Washington-based company trailed Apple Inc. (NASDAQ:AAPL) and Google Inc. in areas like mobile phones, tablet computers, and Internet search engines. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 8, 2016.)

To counter the slippage, Ballmer bought Internet communications firm Skype for $8.5 billion in 2011.

4. He Was Sneering at Apple’s iPhone in 2007

In 2007, the year the “iPhone” was launched, Ballmer said: “There’s no chance that the iPhone is going to get any significant market share. No chance.” At that time, Microsoft was the most valuable tech company in the world; today, Apple and Alphabet are fighting to snatch that title. (Source: “Here’s What Steve Ballmer Thought About The iPhone Five Years Ago,” Business Insider, June 29, 2012; http://www.businessinsider.com/heres-what-steve-ballmer-thought-about-the-iphone-five-years-ago-2012-6#ixzz2gnjXZ4wo.)

5. He Still Drives a Ford

Despite being a multi-multi-billionaire, 60-year-old Ballmer, still drives a Ford in honor of his father, Frederic Henry Ballmer, who was a Ford manager. (Source: “Steve Ballmer Net Worth,” Celebrity Net Worth; http://www.celebritynetworth.com/richest-businessmen/ceos/steve-ballmer-net-worth, last accessed March 8, 2016.)

His father was Swiss immigrant who served as an interpreter at the Nuremberg trials. (Source: “Today’s ranking of the world’s richest people,” Bloomberg, last accessed March 8, 2016.)

Ballmer was born in Detroit, Michigan, home to the headquarters of the Ford auto-making company.

Steve Ballmer’s Net Worth by Year

Year Net Worth
2016 23.8 billion
2015 $22.2 billion
2014 $19.3 billion
2013 $15.2 billion
2012 $15.7 billion

Data source: Forbes

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