Facts of Steve Ballmer Networth
|Full Name||Steve 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|
What Is The Net Worth of Steve Ballmer, Owner of Los Angeles Clippers?
Steve Ballmer, the former CEO of Microsoft and owner of Los Angeles Clippers, a Los Angeles Basketball team, has a huge net worth of $50.7 billion as of August 2019 according to Forbes.
Ballmer is in the nineteenth position on the Forbes list of Billionaires 2019. He is a businessman and investor as well as philanthropist. He was honored with Legion of Honour badge by French President Nicolas Sarkozy.
How Did Steve Ballmer Make Money? Income Sources, Earnings, And Salary
He 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. 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 care 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. In 2014, he resigned from 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.
In 2014, he bid for the purchase of Los Angeles Clippers for a sum of $2 billion, becoming second-highest bidder in a sports franchise. He accumulated a wealth of $37.1 billion as of December 11, 2017.
Like most of the rich people, Steve Ballmer is also a 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 fortune of $50.7 billion and listed in the Forbes Billionaires list along with Azim Premji, Tay Za, Jeff Bezos, and Larry Page. Likewise, he also pays a huge sum as a tax to the government.
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.
Personal Life: Marriage, Wife, And 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 the happy married life in Washington D.C.
Age And Height
Age: Steve Ballmer has reached the age of 63 years old as of 2019.
Height: He stands at a tall height of 6 feet 5 inches or 1.96 meters.