Steve Ballmer Net Worth
Steve Ballmer net worth and salary: Steve Ballmer is an American businessman and sports team owner who has a net worth of $40 billion and salary of $1.35 million per year. Steve Ballmer earned his net worth after being one of the earliest employees of software giant, Microsoft. In 2000, Ballmer replaced company founder Bill Gates as CEO. In August 2013, Ballmer announced that he would be retiring as CEO within 12 months. On February 4, 2014, Ballmer was replaced by Satya Nadella.
The vast majority of Steve Ballmer's net worth is derived from his 333.3 million shares of Microsoft stock. Over the years he has sold $3.4 billion worth of stock and collected roughly $4.5 billion from dividends. Despite being a multi-multi-billionaire, Ballmer still drives a Ford in honor of his father who was a Ford manager.
Steve Ballmer was born in Detroit, Michigan on March 24, 1956. He was raised in an upscale suburb of Farmington Hills and attended a private college preparatory school in Beverly Hills, Michigan called the Detroit Country Day School. Ballmer graduated from Harvard University magna cum laude with a BA in mathematics and economics. While at Harvard, Ballmer managed the school football team and worked for two college newspapers, "The Harvard Crimson newspaper" and "Harvard Advocate." As a sophomore, Steve lived right down the hall from future Microsoft founder Bill Gates. His first move into the business world was with Procter & Gamble, where he was an assistant product manager for two years. At P&G he shared an office with Jeffrey R. Immelt, who would eventually go onto become the CEO of General Electric. Ballmer joined Microsoft in 1980 as the 30th employee. Bill Gates hired him to be a Business Manager and offered him a compensation package that included an annual salary of $50,000 plus an 8% ownership stake in the company. The company incorporated one year later, in 1981, and Ballmer's stock skyrocketed in value. Today Ballmer is well-known for his flamboyant stage appearances at company events, as well as his full time energetic and exuberant behavior.
Net Worth details: Although Ballmer is now known as the enthusiastic owner of the Los Angeles Clippers, he made most of his money from his 4 percent stake in Microsoft, which equates to about 333 million shares. Over the years Ballmer has sold more than $3.4 billion in stock and earned over $4.4 billion worth of dividends. He spent $2 billion on purchasing the Clippers in 2014. Ballmer is also a 4 percent stakeholder in Twitter.