According to Scott Carpenter, the governor of the Los Angeles Clippers and former Microsoft CEO Steve Ballmer has a net worth of $100 billion. The Los Angeles Clippers were knocked out by the Phoenix Suns in the Western Conference Finals.
Because of advances in Microsoft’s shares, his fortune increased by $20 billion this year alone. Ballmer’s net worth has increased by $20.1 billion since the beginning of 2021, according to Carpenter. In 2014, the 65-year-old paid $2 billion for the Clippers.
According to the Bloomberg Billionaires’ Index, his fortune has grown to $101 billion, making him the ninth individual to reach that level of wealth. Microsoft, the maker of Windows, became the second US-listed firm to surpass a $2 trillion valuation last month, after only Apple. Its stock has risen 25% year to year, outpacing Apple and Amazon in the IT sector.
According to Bloomberg, Ballmer, a self-described “loyal dude” who still owns Microsoft stock, owns a 4% interest in the company, or roughly 333 million shares. Ballmer started Microsoft as the company’s 30th employee in 1980, and went on to serve as the CEO for 14 years. He stepped down in 2014. He developed a reputation in the IT sector for being eccentric and high-energy over time.
This year, seven members of the $100 billion club have seen their fortunes rise, thanks to a rally in technology stocks. The most has gone to Jeff Bezos, who stepped down as Amazon’s CEO on July 5. His net worth has surpassed $200 billion, making him the world’s richest individual.
Ballmer’s taxes were mentioned in a piece about how billionaires exploit sports club ownership to reduce their tax liability. The Clippers owner earned $656 million in 2018 and paid $78 million in taxes, with a federal income tax rate of 12%, far lower than the team’s star players or venue employees.
