Steve Ballmer Net Worth 2020, Bio, Wiki, Height, Weight, and Awards

Steve Ballmer Net Worth 2020, Bio, Wiki, Height, Weight, and Awards.

Steve Ballmer Net Worth – Steven “Steve” Anthony Ballmer is an American investor, businessman, and philanthropist from Detroit. Ballmer is mostly known as the chief of Microsoft.

He is currently the owner of the Los Angeles Clippers. In January 2018 Ballmer was ranked as the 21st richest businessman in the world.

Steve Ballmer Net Worth

Biography

On 24th March 1956, Steve Ballmer was born in Detroit, Michigan, the USA as Steven Anthony Ballmer. As of 2019, he celebrated his 63rd birthday.

He is the son of Beatrice Dworkin and Frederic Henry Ballmer (Fritz Hans Ballmer), a manager at the Ford Motor Company.

His nationality is American and his ethnicity is Mixed. He grew up in the affluent community of Farmington Hills, Michigan.

He attended the International School of Brussels and in 1973, he attended college prep and engineering classes at Lawrence Technological University.

Ballmer graduated valedictorian from Detroit Country Day School, a private college preparatory school in Beverly Hills, Michigan. He has a sister, Shelly.

Steve college friend Bill Gates had dropped out of school to co-found Microsoft.

After completing his first year at the business school, he approached his friend hoping for a summer job at his company.

Gates instead asked Ballmer to take a full-time job managing the company’s operations.

He left the Stanford Graduate School of Business and joined Microsoft in June, becoming the first business manager to be hired by Gates in 1980.

Microsoft signed a contract to create an operating system for IBM’s new line of personal computers.

Ballmer reorganized Microsoft’s partnership into a corporate structure in 1981 after the company was incorporated.

He came to hold 53 percent of the equity, Allen 35 percent, and Ballmer 8 percent.

He led the development of the operating system, the core of the company’s business, in the 1980s.

In 1986, Microsoft became a publically held company and Ballmer became a multimillionaire.

The success of the company was primarily driven by the success of the Microsoft Office suite of applications, comprising word-processing, spreadsheet, and presentation software.

He was made the Executive Vice President, Sales, and Support in February 1992 where he led the development of the .NET Framework.

Ballmer was promoted to President of Microsoft, a position he held from July 1998 till February 2001.

He was officially named the Chief Executive Officer (CEO) in January 2000.

Microsoft registered a phenomenal increase in profits during Ballmer’s tenure as CEO.

The corporation’s annual revenue surged from $25 billion to $70 billion, while its net income increased 215 percent to $23 billion.

He announced his retirement in 2013 and stepped down from the position of CEO of Microsoft in February 2014.

He stepped down from the company Board of Directors in August 2014.

Ballmer called Microsoft’s decision to invest in Apple to save it from bankruptcy in 1997 as the “craziest thing we ever did” in 2015. Steve Ballmer Net Worth

He did an interview with Bloomberg where Ballmer added context to his iPhone statement, saying “People like to point to this quote…but the reason I said that was the price of $600-$700 was too high” in 2016.

He changed his stance on Linux, saying that he supports his successor Satya Nadella’s open-source commitments in 2016.

Height and Weight

He has a perfect height matching with his body. He has an average height of 176 cm and a balanced weight of 82 Kg.

Awards

Steve Ballmer was made a Knight of the Legion of Honor in Paris by French President Nicolas Sarkozy.

Net Worth 2020

As of 2020, Steve Ballmer’s net worth is estimated to be roughly $70.6 Billion dollars, making him one of the richest businessmen in the world.

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