Steve Ballmer's Net Worth

By Simon Boseman

Published July 8, 2024

Steve Ballmer's Net Worth
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Steve Ballmer is quite the pivotal figure in the tech industry. He joined Microsoft back in the 1980s and went all the way to becoming CEO in 2000, succeeding Bill Gates. During his tenure, Ballmer pushed Microsoft to make some major advancements, putting more focus on the services and the software.

 

During his period as CEO, the company came up with the launch of Windows XP and 7, and Xbox 360, while expanding on the hardware ventures. Ballmer’s leadership invigorated the company’s core and solidified its global status. Even after leaving Microsoft, he continued with his success by purchasing the Los Angeles Clippers in 2014, which further cemented his stature in the business world.

 

 

Net Worth$121 Billion
Yearly Income$1 billion
Date of Birth17th February 1963
Place of BirthDetroit, Michigan
GenderMale
Height6’2”
ProfessionBusinessman, Investor
NationalityAmerican
No. of Houses3+
No. of Cars4+

What is Steve Ballmer’s Net worth?

Steve Ballmer is currently one of the richest individuals in the world, and it is mostly derived from the significant amount of stakes that he currently holds in Microsoft. As for the numbers, Ballmer holds 4% of the stake in Microsoft, which translates to a whopping 333.4 million shares. 

 

Beyond his legacy at Microsoft, Ballmer also owns the Los Angeles Clippers, which he bought back in 2014 for $2 billion, and as of now, the team’s value has doubled to $4 billion. Additionally, he has invested in a few tech startups and media companies, among which the most prominent one is X, where he owns around 4%.

 

Ballmer’s list of investments continues with his real estate holdings, which include multiple properties in California, Washington, and Manhattan.

In 2024, Steve Ballmer has a net worth of around $121 billion, according to Forbes.


What is Steve Ballmer’s claim to fame?

Ballmer played an important role in the launch of the original Xbox.

The journey toward fame for Ballmer began with his pivotal role at Microsoft, where he joined back in 1980 as the 30th employee. As he ascended to the position of CEO in 2000, his transformative era began. 

 

Then, with the launch of Windows XP, Windows 7, and Xbox 360, his prominence in the tech world was significantly boosted. His fame further skyrocketed when he purchased the Los Angeles Clippers in 2014; since then, the team’s overall value has risen to $4 billion, and that has stamped his name in the business world as well.


What ventures does Steve Ballmer own or is a part of?

Ballmer is one of the most significant stake holder of X, falling behind Elon Musk and the Kingdom Holding company which holds most of the X shares.

Steve Ballmer is a dynamic entrepreneur who is quite well known for his keen investment acumen. Since retiring from the post of CEO at Microsoft, he has been rapidly diversifying his portfolio into a plethora of other sectors. Below are some of his most significant ventures.

 

  • Los Angeles Clippers: Ballmer set the record for the highest price paid for an NBA team by acquiring the Los Angeles Clippers in 2014. Since then, its value has risen to a staggering $4 billion, making it a huge success for the ex-Microsoft CEO.

 

  • X: His history with Twitter (now X) goes back to 2013, since then he has amassed around 4% stakes and has become a significant shareholder.

 

  • Microsoft: Being the ex-CEO of the company, he still owns around 4% of the stake in Microsoft, totaling up to a massive 333.4 million shares, which still keeps him in a respectable position in the company.

     

His ventures span a very diverse range of industries, which shows that he has put up some significant work on his portfolio since retiring. Some of the other ventures include the Ballmer Group, which he started in 2015 with his wife Connie. Since then, they have also established a foundation for Social Solutions Global and USAFacts in 2017, alongside many small yet growing ventures.


How does Steve Ballmer spend his billions?

 

Ballmer, apart from his business ventures, is also known to spend a substantial amount of wealth on various leisure activities, lavish estates, cars, and other high-end transportation; however, the ex-Microsoft CEO is a reserved individual who likes to keep details about life his private.

 

How many properties does Steve Ballmer own?

He is known to make several strategic acquisitions of real estate, showcasing his taste and preference for luxury, comfort, and practicality. His portfolio includes a vast amount of properties spread across the U.S. However, most of their locations and other details have not been revealed by Ballmer. 

 

The only two properties whose details have been revealed are located in Huntspoint, Washington. Steve’s previous primary residence was bought in 1987 for $1.32 million. The other one was bought in 2019 for $9.8 million, where he currently resides.


How many cars does Steve Ballmer own?

Just like his real estate portfolio, Steve Ballmer’s car collection seems to be luxurious, but only a small amount of detail has been revealed.

 

  • Ford Fusion: The surprising car in Ballmer’s collection is the Ford Fusion, which, despite his immense wealth, is one of the cars that he frequently drives. It comes with a price tag of $30,000 and is known to be quite efficient.

 

  • Mercedes-Benz GLS: The Mercedes-Benz that combines elegance mirrors Ballmer’s taste for sophisticated taste. This SUV comes with a price tag of $79,900.

 

  • Rolls Royce Wraith: The Rolls Royce Wraith is arguably the most luxurious car inside Steven Ballmer’s garage. It is a dual-tone Wraith that boasts numerous extra features and functions and comes for a hefty $350,000.

     

These are just a few of the beautiful vehicles that Ballmer has in his garage. Besides these, there are a couple of other cars that have never been revealed to the public.


What other transportation does Steve Ballmer own?

 

Unlike many other billionaires out there, Steve Ballmer does not like to spend much on high-end transportation. He owns just one Gulfstream G650 private jet, which he bought in 2014 after retiring from Microsoft, and Ballmer mostly uses it to commute between Seattle and Los Angeles.


What are Steve Ballmer’s charitable contributions?

In recent years, Ballmer has drastically extended his influence outside the tech world by engaging in numerous charitable works alongside his wife, Connie. Down below are some of the most impressive ones.

 

  • Ballmer Group Charity: Steve and Connie Ballmer actively dedicate themselves to improving the mobility of children and families in the U.S. with the help of the Ballmer Group. They fund various organizations to reshape and reduce all kinds of systemic inequities.

 

  • Black-led Nonprofits: The Ballmer’s Group has also allocated $42.5 million over 5 years to support over 100 black-led nonprofit organizations.

 

  • University of Oregon Donation: The generosity of Steve Ballmer also extends to education. He has donated a hefty $425 million to the University of Oregon to establish the Ballmer Institute for Children’s Behavioral Health.

     

His legacy extends beyond corporate success, and through philanthropy, he and his wife Connie continue to make an impact while leaving a positive mark on the world.


What’s next for Steve Ballmer? 

 

Steve Ballmer is planning to continue his philanthropic work while focusing on his strategic endeavors. He has unveiled his Vision 2030 initiative, which, in collaboration with StriveTogether, aims to put around 4 million young people on the right track to economic mobility.

 

Besides that, he has been constantly putting up his philanthropic work by supporting various black-led non-profit organizations.


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FAQs

When did Steve Ballmer join Microsoft?

Steve Ballmer joined the Microsoft team as their 30th member in 1980.

What is Steve Ballmer's newest company?

The L.A Clippers owner, Steve Ballmer has established a new holding company called Halo Sports & Entertainment in June, 2024.

When did Steve Ballmer become the CEO of Microsoft?

Steve Ballmer became the CEO of Microsoft in January 2000, by succeeding Bill Gates.

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