Facts of Steve Ballmer
|Full Name||Steve Anthony Ballmer|
|Birth Name||Steven Anthony Ballmer|
|Birth Country||United States|
|Father Name||Frederic Henry Ballmer|
|Father Profession||Manager at Ford Motor Company|
|Mother Name||Beatrice Dworkin|
|No Of Children||3|
|Awards||Legion of Honour|
|Date of Birth||March 24,1956|
Steve Ballmer is the former CEO of Microsoft (from 2000 to 2014) and the owner (since 2014) of Los Angeles Clippers, an NBA team.
With his successful venture in tech. business & sports franchise investment, the American businessman grabbed him a tag of a billionaire.
What Is The Net Worth of Steve Ballmer?
According to Forbes, Ballmer has a net worth of $65 billion as of May 6, 2020. Back in August 2019, his fortune stood at $50.7 billion & grew up to $51.9 billion in October that year.
Currently, Steve ranks #11 in the Forbes list of Billionaires 2020 & #9 in Forbes 400 2019; in 2019, he was #19 in Billionaires 2019.
He was honored with Legion of Honour badge by French President Nicolas Sarkozy.
Check out Ballmer's net worth over the years:
|2015 (September)||$21.6 billion|
Income Sources & Salary: How Did Steve Ballmer Became Billionaire?
Steve started his professional career as manager of the Harvard Crimson football team and later worked on The Harvard Crimson newspaper. He then worked in the Harvard Advocate magazine and was offered a job as assistant manager for Procter & Gamble.
On June 11, 1980, Ballmer was hired in Microsoft with a salary of $50,000 and shares of 8% of the company in 1981.
Later, Steve became the CEO of Microsoft on January 13, 2000, until his retirement on February 4, 2014 (Satya Nadella succeeded him).
Reportedly, in 2003, he sold 39.3 million (4%) of his share for about $955 million.
The annual revenue of the company skyrocketed from $25 billion to $70 billion under his execution in 2005.
With the success of the company, Ballmer build many new businesses including data centers division, Xbox entertainment, and device division worth $8.9 billion.
Moreover, Ballmer invested $20 billion on Enterprise business on behalf of the company and introduced new products such as Windows Server, SQL Server, SharePoint, and Dynamics CRM.
Salary As CEO Of Microsoft
In 2009, Ballmer had annual compensation of $1,276,627, inclusive of a basic salary of $665,833, a bonus of $600,000, and a miscellaneous compensation of $10,794.
Investment In NBA Franchise Los Angeles Clippers
Soon after his departure as CEO of Microsoft, Ballmer invested in the NBA franchise & bought the league's team Los Angeles Clippers in 2014 for $2 billion. He officially became its owner on August 12, 2014, replacing Donald Sterling.
As for a fact, Steve was the highest bidder in the Clippers' purchase & the 2nd highest bid in North America after the MLB team Los Angeles Dodgers sales for $2.15 billion in 2012.
When Ballmer bought the Los Angeles Clippers, its market cap was $575 million & as per Forbes, the team valued at $2.6 billion in February 2020.
Like most of the rich people, Steve Ballmer is also an active philanthropist. He and his wife donated an amount of $50 million to the University of Oregan in 2014.
Similarly, he donated $10 million joint gifts along with Bill Gates to the Harvard University’s computer science department in 1994. He announced that he would provide the surprise worth $60 million to the same department of Harvard University on November 13, 2014.
Moreover, Ballmer is a member of the World Chairman's Council of Jewish National Fund and donated over a million to the organization.
Steve Ballmer enjoys the billion-dollar fortune and is listed in the Forbes Billionaires list along with Azim Premji, Tay Za, Jeff Bezos, and Larry Page. So, it's a matter of fact that he is also liable to massive tax payments of income & property accumulation.
A person with a net worth of $10 million pays a tax of $3,630,499 to the government. So, as a respected citizen, Baller must have paid an unimaginable sum to the government as federal tax.
Assets: House And Cars
Steve Ballmer is a multi-billionaire and lives a luxurious life. He has a house in Washington, DC worth a massive amount of $23 million. Moreover, he has a home in Hunts Point, Seattle that covers the area of 2 acres with four bedrooms. He sold his small house in Whidbey Island for $169,500.
Ballmer has a Ford Fusion Hybrid price which was gifted to him by Ford CEO Alan Mulally. The price of the car ranges from $27,555 to $34,485. He also owns a private jet but no further information is available.
Steve Ballmer’s Early Life, Family, And Education
Steve Ballmer was born Steven Anthony Ballmer on March 24, 1956, in Detroit, Michigan, United States. He was born to mother Beatrice Dworkin and father Frederic Henry Ballmer, a manager at the Ford Motor Company. As for siblings, he has a sister, Shelly.
He belongs to American nationality and Caucasian by ethnicity. His father is a Swiss descent while the mother is Belarusian Jewish. He grew up along with his sister in Farmington Hills, Michigan.
In 1964, he along with his family moved to Brussels, Belgium, and lived for three years. As for academic qualifications, he studied at the International School of Brussels. He enrolled at Lawrence Technological University to study engineering.
Furthermore, Ballmer is the valedictorian who graduated from Detroit County Day School with a score of 80 on the mathematics of the SAT. In 1977, he graduated from Harvard University with a degree in magna cum laude and B.A. in applied mathematics and economics.
Married Life: Wife & Children
Steve Ballmer married a philanthropist Connie Snyder in 1990.
The couple is the parents of three sons; Sam Ballmer, Peter Ballmer, and Aaron Ballmer. The pair enjoys a happy married life in Washington D.C.
Age And Height
Age: Steve Ballmer is 64 years old as of May 2020.
Height: He has a height of 6 ft. 5 inches (196 cm).