Steve Ballmer becomes No. 5 on Bloomberg's billionaires list
Ballmer, who started as an assistant to Bill Gates, has a net worth of $117 billion
'Mornings with Maria' guests Ryan Payne and Adam Johnson analyze Big Tech third-quarter earnings and crypto prices.
Steve Ballmer held the No. 5 position among the most wealthy individuals globally as of Monday, according to Bloomberg figures.
The former Microsoft CEO, who started as Bill Gates' assistant, is worth an estimated $117 billion, according to the Bloomberg Billionaires Index. CNN earlier reported on his ranking.
Ballmer’s primary asset is the 4% of Microsoft stock he holds, according to Bloomberg. He also owns the Los Angeles Clippers of the NBA.
At the beginning of the year, the former Microsoft CEO’s value hovered around $85.8 billion, according to the Bloomberg Billionaires Index.
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Steve Ballmer, owner of the Los Angeles Clippers, speaks during the Clippers and the City of Los Angeles' celebration of the opening of the 350th Clippers Community Court on June 28, 2022. (Andrew D. Bernstein/NBAE via Getty Images / Getty Images)
Ballmer spent over three decades at Microsoft, including nearly 14 years as the tech company’s CEO. He first became part of the company co-founded by Bill Gates in 1980, when he took on the role of business manager, according to Microsoft.
Ballmer spent over three decades at Microsoft, including nearly 14 years as the tech company’s CEO. (Toby Scott/SOPA Images/LightRocket via Getty Images / Getty Images)
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Microsoft’s current CEO, Satya Nadella, stepped into the job in February 2014.
Gates had a personal fortune of about $122 billion as of Monday, according to the Bloomberg Billionaires Index. That put Gates one spot ahead of Ballmer on the list.
Bill Gates had a personal fortune of about $122 billion as of Monday, according to the Bloomberg Billionaires Index — one spot ahead of Ballmer on the list. (Jordan Vonderhaar/Bloomberg via Getty Images / Getty Images)
The Microsoft co-founder created the Giving Pledge with ex-wife Melinda French Gates and Warren Buffett.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP. | 415.49 | -2.30 | -0.55% |
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In the first quarter reported last week, Microsoft brought in $56.5 billion in revenue and $22.3 billion in net income, both year-over-year double-digit percent increases.