What is Steve Ballmer's Net Worth in 2024?

By Edcel Panganiban April 08, 2024 12:44

Steve Ballmer, the former CEO of Microsoft, is one of the wealthiest individuals in the world, with a substantial net worth as of 2024.

Overview of Steve Ballmer's Net Worth

Net Worth and Ranking

As of 2024, Steve Ballmer's net worth is estimated to be an astounding $121 billion.
At the age of 68, Ballmer continues to maintain a significant presence in the list of the wealthiest individuals globally, solidifying his position as the sixth-richest person in the world.

Sources of Wealth

Microsoft Tenure

Ballmer served as the CEO of Microsoft from 2000 to 2014, during which he played a pivotal role in the company's growth and success.
Under his leadership, Microsoft experienced substantial financial growth, with its revenue nearly quadrupling to nearly $78 billion.

Microsoft Stock Holdings

Ballmer's wealth is closely tied to his significant holdings of Microsoft shares, amounting to approximately 333.2 million shares, which equate to 4% ownership of the tech giant.
Microsoft's decision to boost its quarterly dividend payout to 75 cents per share translates to a substantial income for Ballmer, with the potential to receive nearly USD 1 billion from dividends alone in 2024.

Other Ventures and Philanthropy

After leaving Microsoft, Ballmer ventured into various entrepreneurial activities, including the acquisition of the NBA's Los Angeles Clippers for $2 billion, a franchise now valued at over $4.5 billion.
Notably, he has also dedicated a significant portion of his wealth to philanthropy, with substantial donations to initiatives focused on economic mobility, support for Black-owned businesses, and early childhood education, among others.

Impact of Wealth and Contributions

Philanthropic Endeavors

Ballmer's philanthropic efforts have made a substantial impact, with donations amounting to nearly $2 billion to a donor-advised Goldman Sachs Philanthropy fund, $400 million to support Black-owned businesses, and $43 million for early childhood education in Washington State.

USAFacts Initiative

In addition to his philanthropy, Ballmer has also been involved in the development of USAFacts, a nonpartisan civic initiative aimed at collecting and analyzing governmental financial data, providing valuable insights into revenue generation and expenditure at various governmental levels.

Steve Ballmer's net worth in 2024 stands at an impressive $121 billion, solidifying his position as one of the wealthiest individuals globally.

His wealth, primarily stemming from his significant holdings in Microsoft, has enabled him to pursue various ventures and make substantial contributions to philanthropic causes, emphasizing his commitment to leveraging his wealth for positive societal impact.

By combining his entrepreneurial endeavors, philanthropic contributions, and significant stock holdings, Steve Ballmer continues to be an influential figure in both the business world and the realm of philanthropy, leaving a lasting impact through his wealth and generosity.