“Mornings with Maria” guests Ryan Payne and Adam Johnson analyze Big Tech’s third-quarter earnings and crypto prices.
Steve Ballmer ranked fifth among the richest people in the world on Monday, according to Bloomberg figures.
According to the Bloomberg Billionaires Index, the former Microsoft CEO is worth an estimated $117 billion. CNN had previously reported on its ranking.
According to Bloomberg, Ballmer’s most important asset is the 4% of Microsoft shares he holds. He also owns the NBA’s Los Angeles Clippers
At the beginning of the year, the former Microsoft CEO was worth around $85.8 billion, according to the Bloomberg Billionaires Index.
MICROSOFT reveals the tech giant owes nearly $29 billion in unpaid taxes
LA Clippers owner Steve Ballmer speaks during the Los Angeles Clippers and the City of Los Angeles celebration of the opening of the 350th Clippers Community Court. (Andrew D. Bernstein/NBAE via Getty Images / Getty Images)
Ballmer worked at Microsoft for over three decades, including nearly 14 years as CEO of the technology company. According to Microsoft, he first became part of the company co-founded by Bill Gates in 1980 when he took on the role of chief executive.
A logo marks the edge of the Microsoft corporate campus in Redmond, Washington, April 27, 2021. (Toby Scott/SOPA Images/LightRocket via Getty Images / Getty Images)
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Microsoft’s current CEO, Satya Nadella, assumed the position in February 2014.
According to the Bloomberg Billionaires Index, Gates had a personal fortune of around $122 billion as of Monday. That put Gates one spot ahead of Ballmer on the list.
Bill Gates, co-chair of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, June 12, 2023. (Jordan Vonderhaar/Bloomberg via Getty Images / Getty Images)
The Microsoft co-founder launched the Giving Pledge with his ex-wife Melinda French Gates and Warren Buffett.
| ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP. | 338.11 | +0.80 | +0.24% |
Microsoft’s revenue beats estimates as customers prepare for AI adoption
In the first quarter reported last week, Microsoft had revenue of $56.5 billion and net income of $22.3 billion, both double-digit increases over the previous year.