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Steve Ballmer Biography, Age, Assets, Family, Career & Net Worth

Steven Anthony Ballmer, an American business mogul and businessman born on March 24, 1956, led Microsoft as its CEO from 2000 until 2014. We will know about Steve Ballmer Net Worth later in this post.

He is the current owner of the National Basketball Association’s Los Angeles Clippers (NBA). According to the Bloomberg Billionaires Index, as of May 2022, he was the tenth-richest person on the planet with an estimated personal worth of almost $97 billion.

Ballmer quit Stanford University’s MBA programme after being hired by Bill Gates at Microsoft in 1980. In the end, he was elected president in 1998, and on January 13th, 2000, he succeeded Gates as CEO.

Ballmer stepped down as CEO of Microsoft on February 4, 2014, and Satya Nadella took over in his stead. Ballmer remained on the board of directors until August 19, 2014, when he resigned to get ready to teach a new course.

His stint as Microsoft CEO and legacy have been met with mixed reviews; the business tripled revenues and doubled earnings, but it also lost market share and missed out on 21st-century technological trends like the rise of smartphones like the iPhone and Android.

Steve Ballmer

Steve Ballmer

Steve Ballmer Bio/Wiki

Birth NameSteven Anthony Balmer
Nick NameSteve Ballmer
Age66 years
ReligionJudaism
Sun Sign/Zodiac SignAries
Birth PlaceDetroit, Michigan, United States
Date of Birth24th March, 1956
NationalityAmerican
HobbiesWatching basketball, golf

Family

Mother's NameBeatrice Dworkin
Father's NameFrederic Henry Ballmer
BrotherNA
SisterShelly Ballmer

Girlfriends/Affairs

Affairs/GirlfriendsNA

Marital Status, Wife and Children

Wife/Spouse
Steve Ballmer With Wife Connie Snyder

Steve Ballmer With Wife Connie Snyder

Marital StatusMarried
ChildrenSam Ballmer,
Aaron Ballmer,
Peter Ballmer

Education

SchoolDetroit Country Day School
College/UniversityHarvard University,
Stanford Graduate School of business
ProfessionEntrepreneur, Investor, Merchant, Computer scientist

Height, Weight, and Figure Measurements

Height (Approx.)6 feet 5 inches
Weight (Approx.)82 kgs

Extra Ordinary Features

Race / EthnicityWhite/ Swiss
Hair ColorGrey
Eye ColorBlue
S*xual OrientationStraight

Favourite Things

Favourite FoodNA
Favourite BookBuilt to Last by Jim Collins
Favourite ColorsRed
Favourite SportBasketball, Golf
ControversiesCriticised in the media and by outsiders for failing to expand the company's product line beyond Windows and Office, which are Microsoft's two primary PC programmes.

Steve Burns Net Worth, Age, Height, Family, Wife

Early Life

Steven Anthony Ballmer, an American business mogul and businessman born on March 24, 1956, led Microsoft as its CEO from 2000 until 2014. He is the current owner of the National Basketball Association’s Los Angeles Clippers (NBA). According to the Bloomberg Billionaires Index, as of May 2022, he was the tenth-richest person on the planet with an estimated personal worth of almost $97 billion.

Ballmer quit Stanford University’s MBA programme after being hired by Bill Gates at Microsoft in 1980. In the end, he was elected president in 1998, and on January 13th, 2000, he succeeded Gates as CEO.

He took engineering and college prep courses at Lawrence Technological University in 1973. He obtained an 800 on the SAT’s mathematics portion and was a National Merit Scholar before leaving Detroit Country Day School, a prestigious college prep school in Beverly Hills, Michigan, as valedictorian.

He had previously served on the school’s board of trustees. With a Bachelor of Arts in applied mathematics and economics from Harvard University in 1977, he received the highest honours possible.

Ballmer worked for The Harvard Crimson and The Harvard Advocate newspapers while a student lived across the hall from fellow sophomore Bill Gates, and was a manager for the Harvard Crimson football team. He was also a member of the Fox Club. We will know about Steve Ballmer net worth in the later sections.

Steve will do it Net Worth, Early Life, Career

Personal Life

In 1990, he wed Connie Snyder. They have three sons. Ballmer and his wife are both involved in philanthropy, and it was reported that they gave the University of Oregon $50 million in 2014.

Ballmer is renowned for his vivacious and flamboyant demeanour, which is designed to inspire colleagues and business partners. Despite being so timid as a youngster that he would hyperventilate before Hebrew school, he shouted so loudly that he had vocal chord surgery.

Ballmer’s extravagant stage performances at Microsoft events are extensively shared as viral films online. In 1986, a parody film marketing Windows 1.0 in the manner of a Crazy Eddie commercial was made for Microsoft workers. It is one of his early known viral videos. Later on, Ballmer and Brian Valentine reproduced this in a parody Windows XP advertisement.

In a widely shared video, Ballmer’s stage entrance at Microsoft’s 25th-anniversary celebration in September 2000, where he raced across the platform and said, “I love this company!” Another popular viral video showed a perspiring Ballmer screaming the term “developers” during a Windows 2000 developers’ conference.

Controversies during his time at Microsoft

For concentrating too much on Microsoft’s flagship PC programmes, Windows and Office, at the expense of leading the business into new markets, Steve Ballmer has come under fire from the media and from outsiders. After all, PCs are losing significance in the tech sector.

He has, however, also come under fire for attempting to transform a prosperous software firm into a gadget maker. Ballmer freely acknowledges that not all of his choices were wise ones. However, he and several observers agree that he will leave the business in a generally positive state. We will know about Steve Ballmer net worth in the later section.

Steve Ballmer Education

In 1973, he enrolled in engineering and college preparation classes at Lawrence Technological University. Before graduating as valedictorian from Detroit Country Day School, a top college prep school in Beverly Hills, Michigan, he earned an 800 on the SAT’s mathematics section and was a National Merit Scholar. He had previously been a trustee for the institution. He graduated with top honours from Harvard University in 1977 with a Bachelor of Arts in applied mathematics and economics.

While still a student, Ballmer managed the football squad for The Harvard Crimson and The Harvard Advocate while living across the hall from fellow sophomore Bill Gates. He belonged to the Fox Club as well. We will know about Steve Ballmer net worth in the later section.

Bill Gates Biography, Age, Wife, Children, Daughter, Homes

Professional Career

Microsoft

On June 11th, 1980, Ballmer started working for Microsoft as the company’s 30th employee and the first business manager Gates had recruited.

A $50,000 annual salary and 5–10% ownership of the business were both on the table for Ballmer. In 1981, when Microsoft was formed, Ballmer held an 8% stake in the business. Ballmer’s shareholding of Microsoft dropped to 4% in 2003 when he sold 39.3 million shares for a total of $955 million. He took over Microsoft’s employee stock option programme in the same year.

Ballmer oversaw the development of operating systems, sales, and support, among other departments, for 20 years after his hiring. He served as Executive Vice President, Sales and Support, beginning in February 1992.

Ballmer oversaw Microsoft’s, .NET Framework development. As President of Microsoft, which he held from July 1998 to February 2001, Ballmer became de facto the company’s second-in-command behind Chairman and CEO Bill Gates.

Days as CEO of Microsoft

Ballmer received his official title of CEO on January 13, 2000. As CEO, Ballmer oversaw the business’s finances and day-to-day operations, while Gates continued to serve as the board’s chairman and maintain authority over the “technical vision” as the company’s principal software architect. When Gates resigned as a chief software architect in 2006 but continued to serve as chairman, Ballmer was given the freedom to implement significant organisational reforms at Microsoft.

When Ballmer became CEO, the business was defending itself against class-action lawsuits, complaints from competing businesses, and an antitrust case filed by the US government and 20 states.

Despite reports that Gates would have kept up his legal defence, Ballmer made it a top priority to resolve them, saying: “It’s really embarrassing and uncomfortable to be the target of a lawsuit or a complaint from the government. It only has negative aspects.

People feel there must be a problem if the government files a complaint, therefore it might be difficult to maintain that we are a nice, appropriate, moral place. Even if you feel that way about yourself, it’s very difficult.”

After becoming CEO, Ballmer rejected hundreds of projects that seemed potentially fascinating or popular in favour of approving a small number of products with a thorough economic explanation.

He hired B. Kevin Turner, the President and CEO of Sam’s Club at Walmart, joined Microsoft as its Chief Operating Officer in 2005. Turner was brought on board at Microsoft to oversee the division in charge of sales, marketing, and services as well as to inject more structure and order into the business’s operations and sales force.

Since Bill Gates’ retirement, Ballmer has overseen a “dramatic shift away from the company’s PC-first heritage,” appointing new leaders for the majority of the major divisions to dismantle “talent-hoarding fiefdoms,” and according to Businessweek, the company “arguably now has the best product lineup in its history.” Ballmer played a key role in advancing Microsoft’s linked computing strategy through purchases like Skype.

Ballmer’s leadership at Microsoft resulted in a stagnant share price. Despite Microsoft’s financial success at the time, the stock performance was poor. 

The company’s yearly revenue climbed by 215 per cent to $70 billion from $25 billion, and its net income by 215 per cent to $23 billion. Its gross profit margin of 75 cents on every dollar of sales is double that of Google or IBM.

Ballmer’s time at Microsoft outperformed those of other well-known CEOs, such as General Electric’s Jack Welch (11.2%) and IBM’s Louis V. Gerstner Jr., in terms of driving the company’s overall yearly profit increase (16.4%). (2 per cent). 

These profits came from the already successful Windows and Office brands, which Ballmer managed to keep profitable while fending off challenges from rivals like Google Docs, Linux, and other open-source operating systems.

In addition, Ballmer managed the acquisition of Skype and created half a dozen new companies, including the data centres division and the Xbox entertainment and devices division ($8.9 billion), which have kept the Sony PlayStation and other game consoles from undercutting Windows. 

Ballmer also built the $20 billion Enterprise Business for the company, which consists of innovative goods and services like Exchange, Windows Server, SQL Server, SharePoint, System Center, and Dynamics CRM. Each of these products and services initially struggled to gain traction but have since established themselves as leaders or market leaders in their respective fields.

As the company entered the Post-PC era, this diversified product mix helped to reduce its reliance on PCs and mobile computing devices. In reporting quarterly results in April 2013, the company increased its profit by 19 per cent over the same period in 2012, thanks in part to the Microsoft Business Division (which includes Office 365) and Server and Tools division (cloud services).

Ballmer came under fire for missing opportunities to profit from a number of emerging consumer technologies, which forced Microsoft to play catch-up in the fields of tablet computers, cellphones, and music players with varying degrees of success.

The Wall Street Journal claims that Ballmer oversaw “Microsoft frequently adopted new technology before Apple or Google did, including touchscreens,’ smart’ automobiles, and watches that read sports scores aloud. However, it frequently killed off promising initiatives if they endangered its cash cows (Office and Windows).”

Ballmer was also listed by the BBC as one of the worst CEOs of 2013. Due to all of these complaints, Microsoft CEO Ballmer was urged to resign in May 2012 by hedge fund investor David Einhorn. Ballmer’s ongoing presence, according to Einhorn, is the largest risk to Microsoft’s stock.

Adam Hartung referred to Ballmer as “the worst CEO of a huge publicly listed American firm” in a May 2012 Forbes magazine essay and claimed that Ballmer had “steered Microsoft out of some of the fastest-growing and most lucrative tech areas (mobile music, headsets, and tablets)”.

For the first time since Bill Gates left daily management at Microsoft in 2000, Ballmer gave the CES opening keynote speech in 2009.

Ballmer unveiled Microsoft’s first-ever computing gadget, a tablet named the Microsoft Surface, on June 19, 2012, during an event hosted in Hollywood, Los Angeles, as part of his intentions to expand on hardware. His final significant acquisition for Microsoft as CEO was the mobile phone division of Nokia, which he announced the company would buy in September 2013.

Microsoft said that Ballmer would retire within the following year on August 23, 2013. Bill Gates would serve on a special committee that would select the new CEO.

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 were listed as prospective successors to Ballmer as Microsoft CEO, but all had left the organisation.

B. Some saw Microsoft’s Chief Operating Officer (COO), Kevin Turner, as Ballmer’s de facto number two because of Turner’s excellent commercial and operational acumen but lack of technological vision. Satya Nadella succeeded Ballmer as CEO on February 4, 2014.

Bill Gates and Steve Ballmer Ties

When Gates married Melinda French, Ballmer served as best man, and the two men spoke of their union as a marriage. They had been working together for so long that another Microsoft official called it a mind merge. While Gates was happy in 2000 that Ballmer was willing to become CEO so he could focus on technology, the Wall Street Journal reported that there was tension surrounding the transfer of authority.

Combative debates, which were a part of Microsoft’s corporate culture, occurred within the relationship. According to a witness at the time, things got so heated that on one occasion Gates stormed out of a meeting during a yelling fight in which Ballmer defended several coworkers.

Ballmer appeared “remorseful” after the encounter, the source claimed. After Gates departs, “He won’t be needed by me in any way. That is the basic idea “Ballmer said. “Yes, use him; no, need him.”

Ballmer and Gates no longer speak to one another owing to anger over Ballmer’s resignation, according to a Vanity Fair story published in October 2014, a few months after Ballmer departed his position at Microsoft.

In a November 2016 interview, Ballmer said that since that time, he and Gates had “drifted apart,” despite the fact that they had previously always had a “brotherly bond.” He said that the breakup of their partnership as a result of his drive into the hardware industry, notably cellphones, which Gates did not support.

Short tenure in Accenture

From 2001 until 2006, Ballmer held the positions of general partner and director for Accenture SCA and Accenture Ltd.

Retirement days

Ballmer announced his resignation in 2013, having lost billions of dollars on acquisitions and the Surface tablet, despite having stated in 2008 that he wanted to continue as CEO for another 10 years. On the announcement, Microsoft’s stock price increased.

Ballmer claims that he regrets Microsoft’s early 2000s decision to ignore Windows Mobile, which dropped the company to third place in the (then-current) 2013 smartphone market. 

Additionally, he said the carrier subsidies were responsible for the popularity of the exorbitantly priced iPhones. People frequently cite the passage in which I claimed that iPhones would never be commercially successful because the price of $600 or $700 was too high.

And Apple created a new business strategy to effectively include it in the monthly phone bill.

During his tenure, he referred to the choice to buy Nokia’s mobile phone division as his “toughest decision” since it involved seeing how Microsoft’s image changed as it increased its hardware offerings.

Ballmer presided over the organization’s last meeting in September 2013 and left the board of directors in August 2014.

The IRS sued Ballmer, Craig Mundie, Jeff Raikes, Jim Allchin, Orlando Ayala, and David Guenther on December 24, 2014, according to the Seattle Times, in an effort to compel them to appear in Microsoft’s corporate tax audit. The IRS has been investigating Microsoft’s and other businesses’ transfer pricing practices.

Career as a sports team owner

On March 6, 2008, Seattle Mayor Greg Nickels revealed that a local ownership group led by Ballmer had pledged to make a “game-changing” investment of $150 million in cash toward a proposed $300 million renovation of KeyArena and that they were prepared to buy the Seattle SuperSonics from the Professional Basketball Club LLC in order to keep the team in Seattle. This effort, however, was unsuccessful, and the SuperSonics moved to Oklahoma City, where they are now known as the Oklahoma City Thunder.

Ballmer invested in Chris R. Hansen’s plan to construct a brand-new arena in Seattle’s SoDo district and bring the SuperSonics back to the city in June 2012.

On January 9, 2013, Ballmer and Hansen headed a group of investors in an effort to pay an estimated $650 million to acquire the Sacramento Kings and move them to Seattle. However, this endeavour also failed.

Ballmer was the leading bidder in an attempt to buy the Los Angeles Clippers for a reported $2 billion following the Donald Sterling controversy in May 2014, the second-highest bid for a sports team in North American sports history (behind the $2.15 billion acquisition of the Los Angeles Dodgers in 2012).

Ballmer officially became the owner of the Los Angeles Clippers on August 12, 2014, when a California court upheld Shelly Sterling’s right to sell the franchise. Ballmer announced on September 25, 2014, that he will ban the team from using Apple devices like iPads and switch them out for Microsoft ones. He reportedly had previously forbidden his family from owning an iPhone.

Ballmer decided to purchase The Forum in Inglewood, California in March 2020. Since the old owners of The Forum resisted his plans for a new Clippers arena, the purchase would enable him to construct the Intuit Dome in the neighbourhood. Ballmer was named the top basketball owner in a poll held by The Athletic in December 2020. We will know about Steve Ballmer net worth in the next section.

Steve Ballmer Net Worth

Steve Ballmer is one of the richest business people in the world, with an estimated net worth of $92 billion as of July 2022. Steve Ballmer created a free website that assembles government data from 70 different sources to provide a financial report on the government in order to battle online falsehoods.

It makes it simple to learn about anything, including the average tax rate, the prevalence of crime, and divorce rates. A total of 333 million shares, or 4% of Microsoft, are owned by Steve Ballmer.

Estimated Net Worth in 2022 (Approx)$92 Billion
Estimated Net Worth in 2021 (Approx)$68.7 Billion
Estimated Net Worth in 2020 (Approx)$52.7 Billion
Annual Salary$1.275 Billion (Tenure as microsoft CEO)

Assets

Houses
Farmington hills, Bellevue

Farmington hills, Bellevue

Cars
Ford Fusion Energi

Ford Fusion Energi

Jets
Gulfstream 650

Gulfstream 650

Steve Harvey Bio, Age, Height, Wife, Children, Net Worth

Steve Ballmer Wife

American philanthropist Connie Snyder is the spouse of Microsoft CEO Steve Ballmer. Steve is the owner of the NBA club Clippers and a former CEO of the Los Angeles-based corporation Microsoft. Steve has three sons along with his wife Connie Snyder. 

Steve Ballmer Height, Weight & Age

He stands 6 feet and 5 inches tall and weighs about 82 kgs or 180 lbs. His eye colour is blue and is 66 years old as of 2022.

FAQs

How much is net worth Steve Ballmer?
$92 billion

Who is Steve Ballmer’s wife?
Connie Snyder

What is Steve Ballmer’s age?
66 years

What is the name of Steve Ballmer’s firm?
Microsoft(Ex-CEO)

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