Reported 12 months ago
Former Microsoft CEO Steve Ballmer has recently become the 6th richest person globally, surpassing Microsoft co-founder Bill Gates for the first time. Ballmer's success in overtaking Gates is attributed to continuous donations by Gates, a 21% increase in Microsoft stock price this year, and Ballmer's significant shareholding in Microsoft. While Gates has been reducing his assets through charitable activities over the years, Ballmer's wealth has reached $157.2 billion, with over 90% coming from Microsoft stocks, compared to Gates' $156.7 billion wealth, half of which is from Cascade Investment. Ballmer's strategic investments and ownership in Microsoft have contributed to his financial success post-retirement.
Source: YAHOO