Steve Ballmer Net Worth

Background and career

Steven Anthony Ballmer ( BAWL-mər; born March 24, 1956) is an American businessman and investor who was the chief executive officer (CEO) of Microsoft from 2000 to 2014. He is the owner of the Los Angeles Clippers of the National Basketball Association (NBA), and a co-founder of the Ballmer Group, a philanthropic investment company. As of February 2026, the Bloomberg Billionaires Index estimated his personal wealth at around $145 billion, making him the thirteenth-richest person in the world, and the Forbes Real-Time Billionaires List ranked him as the fourteenth-richest person with a net worth of $130 billion. Ballmer was hired by Bill Gates at Microsoft in 1980, and subsequently left the MBA program at Stanford University. He eventually became president in 1998, and replaced Gates as CEO on January 13, 2000. On February 4, 2014, Ballmer retired as CEO and was replaced by Satya Nadella; Ballmer remained on Microsoft's board of directors until August 19, 2014. Under Ballmer's leadership, a 14-year period, the company tripled sales and doubled profits, but lost its market dominance and missed out on 21st-century technology trends such as the ascendance of smartphones in the forms of iPhone and Android. Until a recent scandal, some claimed Ballmer's ownership of the Los Angeles Clippers as an improvement over previous owner Donald Sterling, citing his willingness to acquire superstar players and finance the construction of Intuit Dome.

Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan, as the son of Beatrice Dworkin (1920–1997) and Frederic Henry (Fritz Hans) Ballmer (1923–2000), a manager at the Ford Motor Company. Frederic was from Zuchwil, Switzerland, and arrived in the United States in 1948. Ballmer's mother was Jewish. Through his mother, Ballmer is a second cousin of actress and comedian Gilda Radner. Ballmer grew up in the community of Farmington Hills, Michigan. Ballmer also lived in Brussels from 1964 to 1967, where he attended the International School of Brussels. In 1973, he attended college prep and engineering classes at Lawrence Technological University. He graduated as valedictorian from Detroit Country Day School, a private college preparatory school in Beverly Hills, Michigan, with a score of 800 on the mathematical section of the SAT and was a National Merit Scholar. Ballmer, a first-generation college student, attended Harvard University, where he 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. He scored highly in the William Lowell Putnam Mathematical Competition, an exam sponsored by the Mathematical Association of America, scoring higher than Bill Gates. He graduated magna cum laude with a Bachelor of Arts in applied mathematics and economics in 1977. Ballmer worked as an assistant product manager at Procter & Gamble for two years, where he shared an office with Jeff Immelt, who later became CEO of General Electric. After briefly trying to write screenplays in Hollywood, he started attending the Stanford Graduate School of Business for his MBA (where Mukesh Ambani was his classmate), but dropped out in 1980 to join Microsoft.

Ballmer joined Microsoft on June 11, 1980, and became Microsoft's 30th employee and the first business manager hired by Gates. Ballmer joined Microsoft with a salary of $50,000 plus 10% of the profit he generated and no equity. However, Ballmer's profit-share started to balloon out of control as Microsoft grew. When Dave Marquardt suggested for Microsoft to reorganize as a corporation instead of a private partnership, he proposed that Ballmer own 8% of the company in exchange for cancelling the profit-sharing model. Paul Allen initially disagreed, but Gates and Allen reached an agreement when Gates agreed to fund an outsized majority of Ballmer's 8% stake. When Microsoft was incorporated in 1981, Ballmer owned 8% of the company. In 2003, Ballmer sold 39.3 million Microsoft shares for about $955 million, reducing his ownership to 4%. The same year, he replaced Microsoft's employee stock options program. In his first 20 years at the company, Ballmer headed several Microsoft divisions, including operations, operating systems development, and sales and support. In February 1992, he became Executive Vice President for Sales and Support. Ballmer led Microsoft's development of the .NET Framework. Ballmer was promoted to President of Microsoft in July 1998, making him the de facto number two after Gates, then chairman and CEO.

On January 13, 2000, Ballmer was officially named the chief executive officer; he would shed the title of president in February 2001. As CEO, Ballmer handled company finances and daily operations, but Gates remained chairman of the board and still retained control of the "technological vision" as chief software architect. Gates relinquished day-to-day activities when he stepped down as chief software architect in 2006, while staying on as chairman, and that gave Ballmer the autonomy needed to make major management changes at Microsoft. When Ballmer took over as CEO, the company was fighting an antitrust lawsuit brought on by the US government and 20 states, plus class-action lawsuits and complaints from rival companies. While it was said that Gates would have continued fighting the federal suit, Ballmer sought to settle these, saying: "Being the object of a lawsuit, effectively, or a complaint from your government is a very awkward, uncomfortable position to be in. It just has all downside. People assume if the government brought a complaint that there's really a problem, and your ability to say we're a good, proper, moral place is tough. It's actually tough, even though you feel that way about yourselves." Upon becoming CEO, Ballmer required detailed business justification to approve new products, rather than allowing hundreds of products that sounded potentially interesting or trendy. In 2005, he recruited B. Kevin Turner from Walmart, who was the president and CEO of Sam's Club, to become Microsoft's chief operating officer. 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. 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"; in 2012, this led Businessweek to say that the company "arguably [had] the best product lineup in its history". Ballmer drove Microsoft's "connected computing" strategy with acquisitions such as Skype. Under Ballmer's tenure as CEO, Microsoft's share price stagnated even as the company's annual revenue surged from $25 billion to $70 billion, while its net income increased 215% to $23 billion, and its gross profit of 75 cents on every dollar in sales was double that of Google or IBM. With the company's total annual profit growth of 16.4%, Ballmer's tenure at Microsoft surpassed the performances of other well-known CEOs such as General Electric's Jack Welch (11.2%) and IBM's Louis V. Gerstner Jr. (2%). These gains came from the existing Windows and Office franchises, with Ballmer maintaining their profitability, fending off threats from competitors such as Linux and other open-source operating systems and Google Docs. Ballmer also built half a dozen new businesses, such as the data centers division and the Xbox entertainment and devices division ($8.9 billion), and oversaw the acquisition of Skype. 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. 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. Ballmer attracted criticism for failing to capitalize on several new consumer technologies, forcing Microsoft to play catch-up in the areas of tablet computing, smartphones and music players with mixed results. According to The Wall Street Journal, 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. But it repeatedly killed promising projects if they threatened its cash cows [Windows and Office]." Ballmer was even named one of the worst CEOs of 2013 by the BBC. As a result of these many criticisms, in May 2012, hedge fund manager David Einhorn called on Ballmer to step down as CEO of Microsoft. "His continued presence is the biggest overhang on Microsoft's stock," Einhorn said in reference to Ballmer. In a May 2012 column in Forbes magazine, Adam Hartung described Ballmer as "the worst CEO of a large publicly traded American company", saying he had "steered Microsoft out of some of the fastest growing and most lucrative tech markets (mobile music, headsets and tablets)". In 2009, and for the first time since Bill Gates resigned from day-to-day management at Microsoft, Ballmer delivered the opening keynote at CES.

As part of his plans to expand on hardware, on June 19, 2012, Ballmer revealed Microsoft's first ever computer device, a tablet called Microsoft Surface at an event held in Hollywood, Los Angeles. He followed this by announcing the company's purchase of Nokia's mobile phone division in September 2013, his last major acquisition for Microsoft as CEO. On August 23, 2013, Microsoft announced that Ballmer would retire within the next 12 months. A special committee that included Bill Gates would decide on the next CEO. There was a list of potential successors to Ballmer as Microsoft CEO, but all had departed the company: Jim Allchin, Brad Silverberg, Paul Maritz, Nathan Myhrvold, Greg Maffei, Pete Higgins, Jeff Raikes, J. Allard, Robbie Bach, Bill Veghte, Ray Ozzie, Bob Muglia and Steven Sinofsky. B. Kevin Turner, Microsoft's Chief Operating Officer (COO), was considered by some to be a de facto number two to Ballmer, with Turner described as having a strong grasp of business and operations but lacking technological vision. On February 4, 2014, Satya Nadella succeeded Ballmer as CEO.

Although as a child he was so shy that he would hyperventilate before Hebrew school, Ballmer is known for his energetic and exuberant personality, which is meant to motivate employees and partners, shouting so much that he needed surgery on his vocal cords. Ballmer's excited stage appearances at Microsoft events were widely circulated on the Internet as viral videos. One of his earliest known viral videos was a parody video, produced for Microsoft employees in 1986, promoting Windows 1.0 in the style of a Crazy Eddie commercial. Ballmer and Brian Valentine later repeated this in a spoof promotion of Windows XP. A widely circulated video was his entrance on stage at Microsoft's 25th anniversary event in September 2000, where Ballmer jumped across the stage and shouted, "I love this company!" Another viral video was captured at a Windows 2000 developers' conference, featuring a visibly perspiring Ballmer repeatedly chanting the word "developers".