steve ballmer net worth

Enter USAFacts.org, courtesy of Steve Ballmer. He eventually became president in 1998, and replaced Gates as CEO on January 13, 2000. "His continued presence is the biggest overhang on Microsoft's stock," Einhorn said in reference to Ballmer. His father, Frederic Henry was a Swiss immigrant and his mother Beatrice was Belarusian Jewish.In 1973 Ballmer attended Lawrence Technological University.At college, Ballmer was a manager for the Harvard Crimson football team and a member of the Fox club. The vast majority of Steve Ballmer's net worth is derived from his 333.3 million shares of Microsoft stock. After a California court confirmed the authority of Shelly Sterling to sell the team, it was officially announced on August 12, 2014, that Ballmer would become the Los Angeles Clippers owner. At that point, Mr. Ballmer picked up a chair and threw it across the room hitting a table in his office. His father, Frederic Henry was a Swiss immigrant and his mother Beatrice was Belarusian Jewish. After Ballmer successfully bought out Dolan's interest in the Forum, he paved the way for a brand new, 18,000-seat stadium with all the latest features. Sterling's wife pushed to have the LA Clippers sold, and Ballmer stepped in with an offer of $2 billion. This fortune comes from his successful career as a businessman. He is the world’s 21st richest person. [100], On November 13, 2014, it was announced that Ballmer would provide a gift, estimated at $60 million, to Harvard University's computer science department. [54][55][56] One of his earliest known viral videos was his promotion of Windows 1.0 for a Crazy Eddie commercial in 1985, where he energetically shouts "How much do YOU think this advanced operating environment is worth? View our larger collection of the best Steve Ballmer quotes! You only get that kind of performance on the innovation side, on the financial side, if you’re really listening and reacting to the best ideas of the people we have.” – Steve Ballmer, “When you’re running a company, you have employees – lots of them – that can interrupt your schedule. [70] He went on to say,.mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}. "[87] Lucovsky reports:[88], At some point in the conversation Mr. Ballmer said: "Just tell me it's not Google." He worked in several upper management positions with the company prior to serving as the CEO. [41] This diversified product mix helped to offset the company's reliance on PCs and mobile computing devices as the company entered the Post-PC era; in reporting quarterly results during April 2013, while Windows Phone 8 and Windows 8 had not managed to increase their market share above single digits, the company increased its profit 19% over the previous quarter in 2012, as the Microsoft Business Division (including Office 365) and Server and Tools division (cloud services) are each larger than the Windows division. His tenure and legacy as Microsoft CEO has received mixed reception, with the company tripling sales and doubling profits, but losing its market dominance and missing out on 21st-century technology trends. In 2017, he launched the non-profit organization called USAFacts.org. Early Life: Steven Anthony Ballmer was born on March 24th of 1956 in Detroit, Michigan. In 1992, he became Microsoft’s executive vice president of sales and support. The question is are you dangerously resting on your laurels? This wasn't the first time Steve Ballmer had acquired real estate in the Seattle area. In 2020, Ballmer also purchased the Forum in Inglewood for $400 million. Steven Anthony Ballmer (/ˈbɔːlmər/; born March 24, 1956)[3] is an American businessman and investor who served as the chief executive officer of Microsoft for fourteen years from 2000 to 2014. A successful businessman and investor in his own right, Ballmer’s long tenure at Microsoft helped bring the already successful computer company into the new Millenium. At college, Ballmer was a manager for the Harvard Crimson football team and a member of the Fox club. 30 after dropping out of Stanford's MBA program. Microsoft Stock: The vast majority of Steve Ballmer's net worth is derived from his 333.3 million shares of Microsoft stock. Whether your predictions make you the next Nostradamus or not isn’t the question. His father, Frederic Henry was a Swiss immigrant and his mother Beatrice was Belarusian Jewish. In 2014, Ballmer became the official owner of the Los Angeles Clippers. His height is 1.96 m tall, and his weight is 82 Kg. Real Estate: In 2020, reports stated Ballmer had purchased a property in Hunts Point, Washington for $9.8 million. Early Life. Ballmer also lived in Brussels from 1964 to 1967, where he attended the International School of Brussels. Ballmer oversaw Microsoft at a difficult time, after the first dot-com crash and through efforts to catch Google in search and Apple in mobile phones. After Bill Gates hired him in 1980, Ballmer gained a huge success with his work at Microsoft. He put the Clippers up for bid. [98], In March 2020, Ballmer agreed to buy The Forum in Inglewood, California. Over the years he has sold $3.4 billion worth of stock and collected roughly $4.5 billion from dividends. [33][38] Under Ballmer's watch, "In many cases, Microsoft latched onto technologies like smartphones, touchscreens, 'smart' cars and wristwatches that read sports scores aloud long before Apple or Google did. Bill Gates asked Ballmer to take a full-time job instead. As a result, Steve Ballmer became only the second person to ever become a billionaire based on stock options for a company that he didn't create himself. [33] These gains came from the existing Windows and Office franchises, with Ballmer maintaining their profitability, fending off threats from competitors such as GNU/Linux and other open-source operating systems and Google Docs. Mark Lucovsky, who left for Google in 2004, alleged in a sworn statement to a Washington state court that Ballmer became enraged upon hearing that Lucovsky was about to leave Microsoft for Google, picked up his chair, and threw it across his office, and that, referring to then Google Executive Chairman Eric Schmidt (who had previously worked for competitors Sun and Novell), Ballmer vowed to "kill Google. He serves as the chairman of the Jewish National Fund. In 1977, he graduated magna cum laude from Harvard University with a Bachelor of Arts in applied mathematics and economics. "[89], Ballmer then resumed attempting to persuade Lucovsky to stay at Microsoft. Avram Piltch, Laptop Mag; 9 Craziest Steve Ballmer Moments, William Lowell Putnam Mathematical Competition, Inglewood Basketball and Entertainment Center, https://www.forbes.com/profile/steve-ballmer/?list=billionaires#301f20c54818, "Microsoft CEO Steve Ballmer to retire within 12 months", "Microsoft Board names Satya Nadella as CEO", "Report: Ex-Microsoft CEO Ballmer willing to pay $2B for Clips", "Ballmer Buys The LA Clippers For $2 Billion", "How Microsoft Lost Its Mojo: Steve Ballmer and Corporate America's Most Spectacular Decline", "Steve Ballmer ends run as Microsoft's relentless salesman", "Microsoft-Chef: Vorfahren waren Schweizer, "die in Höhlen wohnten, "Business - Microsoft's Heir Apparent -- Steve Ballmer - Seattle Times Newspaper", "Steve Ballmer Biography - Microsoft CEO", "National Merit Scholarship Corporation - Scholars You May Know", "CEO Forum: Microsoft's Ballmer having a 'great time, "Microsoft chief calms investors after selling shares", "Microsoft: the ups and downs of the Ballmer era", "Bill Gates, Steve Ballmer and the Parting of the Ways", "For Steve Ballmer, a lasting touch on Microsoft", "Microsoft Shops at Wal-Mart for an Operating Chief", "Microsoft's Nadella Reshapes Top Management as Turner Leaves", "Microsoft's Stock Chart Under The Ballmer Era", "Next CEO's Biggest Job: Fixing Microsoft's Culture", "Steve Ballmer and the Art of Managing a Monopoly - The New Yorker", "Microsoft Unveils New Xbox in Bid to Lead Home Entertainment", "Apple versus Microsoft: the ticker tape tells the tale", "Hedge Fund Star Einhorn Calls for Microsoft's Ballmer to Go", "Oops! Ballmer was born in Detroit, Michigan, on March 24, 1956. He also met fellow student Bill Gates. In 1980, Bill Gates hired him to be Microsoft's Business Manager and offered him a compensation package that included an annual salary of $50,000 – plus an 8% ownership stake in the company. [35] Turner was hired at Microsoft to lead the company's sales, marketing and services group and to instill more process and discipline in the company's operations and salesforce. [36], Since Bill Gates' retirement, Ballmer oversaw a "dramatic shift away from the company's PC-first heritage", replacing most major division heads in order to break down the "talent-hoarding fiefdoms", and Businessweek said that the company "arguably now has the best product lineup in its history". Since then, the property has skyrocketed in value, and in 2020 it had reached a reported value of over $12 million. By the time Ballmer retired, he owned more Microsoft shares than anyone except index funds. In the week through October 9, Tesla CEO Elon Musk was the second biggest gainer, up $3.5 billion. [23][24], At college, Ballmer was a manager for the Harvard Crimson football team and a member of the Fox Club, worked on The Harvard Crimson newspaper as well as the Harvard Advocate, and lived down the hall from fellow sophomore Bill Gates. Once Gates leaves, "I'm not going to need him for anything. Connie Ballmer is a University of Oregon alumna and serves on the institution's board of trustees. Ballmer also constructed the company's $20 billion Enterprise Business, consisting of new products and services such as Exchange, Windows Server, SQL Server, SharePoint, System Center, and Dynamics CRM, each of which initially faced an uphill battle for acceptance but have emerged as leading or dominant in each category. Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014.

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