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Steve Ballmer Biography

Steve Ballmer Biography

Steven Anthony Ballmer is an American businessman and investor who was the chief executive officer of Microsoft from January 13, 2000, to February 4, 2014, and is the current owner of the Los Angeles Clippers of the National Basketball Association (NBA). As of October 2018, his personal wealth is estimated at US$42.4 billion, ranking him the 18th richest person in the world.

Ballmer was hired by Bill Gates at Microsoft in 1980 and subsequently left the MBA program at Stanford University. He eventually became President in 1998 and replaced Gates as CEO in 2000. On February 4, 2014, Ballmer retired as CEO and resigned from the Board of Directors on August 19, 2014, to prepare for teaching a new class.

On May 29, 2014, Ballmer placed a bid of $2 billion to purchase the NBA’s Los Angeles Clippers after NBA commissioner Adam Silver forced Donald Sterling to sell the team. He became the Clippers owner on August 12, 2014; Microsoft co-founder Paul Allen was a fellow owner in the NBA, having owned the Portland Trail Blazers since 1988.

Steve Ballmer Age

He is 63 years old.

Steve Ballmer Microsoft CEO

His time as Microsoft CEO was mixed, with the company tripling sales and doubling of profits, but losing its market dominance and missing out on 21st-century technology trends.

Steve Ballmer Early life. Career. Education

Ballmer was born in Detroit; he is the son of Beatrice Dworkin and Frederic Henry Ballmer (Fritz Hans Ballmer), a manager at the Ford Motor Company. His father was a Swiss immigrant who predicted that his son, eight years old, would attend Harvard, and his mother was Belarusian Jewish. Through his mother, Ballmer is a second cousin of actress and comedian Gilda Radner. Ballmer grew up in the affluent community of Farmington Hills, Michigan. Ballmer also lived in Brussels from 1964 to 1967, where he attended the International School of Brussels. In 1973, he attended college prep and engineering classes at Lawrence Technological University. He graduated valedictorian from Detroit Country Day School, a private college preparatory school in Beverly Hills, Michigan, with a score of 800 on the mathematical section of the SAT and was a National Merit Scholar. He now sits on the school’s board of directors. In 1977, he graduated magna cum laude from Harvard University with a B.A. in applied mathematics and economics.

At college, Ballmer was a manager for the Harvard Crimson football team and a member of the Fox Club, worked on The Harvard Crimson newspaper as well as the Harvard Advocate, and lived down the hall from fellow sophomore Bill Gates. He scored highly in the William Lowell Putnam Mathematical Competition, an exam sponsored by the Mathematical Association of America, scoring higher than Bill Gates. He then worked as an assistant product manager at Procter & Gamble for two years, where he shared an office with Jeffrey R. Immelt, who later became CEO of General Electric. After briefly trying to write screenplays in Hollywood, in 1980 Ballmer dropped out of the Stanford Graduate School of Business to join Microsoft.

Steve Ballmer History with Microsoft

Ballmer joined Microsoft on June 11, 1980, and became Microsoft’s 30th employee, the first business manager hired by Gates.

Ballmer was offered a salary of $50,000 as well as 5-10% of the company. When Microsoft was incorporated in 1981, Ballmer owned 8% of the company. In 2003, Ballmer sold 39.3 million Microsoft shares equating to approximately $955 million, thereby reducing his ownership to 4%. The same year, he replaced Microsoft’s employee stock options program.

In the 20 years following his hire, Ballmer headed several Microsoft divisions, including operations, operating systems development, and sales and support. From February 1992 onwards, he was Executive Vice President, Sales, and Support. Ballmer led Microsoft’s development of the .NET Framework. Ballmer was then promoted to President of Microsoft, a title that he held from July 1998 to February 2001, making him the de facto number two in the company to the chairman and CEO, Bill Gates.

Steve Ballmer Net worth

Ballmer was the second person after Roberto Goizueta to become a billionaire in U.S. dollars based on stock options received as an employee of a corporation in which he was neither a founder nor a relative of a founder. As of December 11, 2017, his personal wealth is estimated at US$37.1 billion. While CEO of Microsoft in 2009, Ballmer earned a total compensation of $1,276,627, which included a base salary of $665,833, a cash bonus of $600,000, no stock or options, and other compensation of $10,794.

Steve Ballmer USA Facts

Ballmer launched USAFacts.org in 2017, a non-profit organization whose goal is to allow people to understand US government revenue, spending, and societal impact. He is reported to have contributed $10 million to fund teams of researchers who populated the website’s database with official data.

Steve Ballmer Personal life, Wife, Children

In 1990, Ballmer married Connie Snyder; they have three sons.

The Ballmer’s live in Hunts Point, Washington.

Steve Ballmer Press Conference

A press conference earlier today allowed the former Microsoft CEO, and current chairman for LA’s second-favorite NBA team, to celebrate both. Ballmer officially welcomed Kawhi Leonard, the NBA’s most sought-after player and the man who helped lead the Toronto Raptors to their first-ever NBA championship earlier this year, and Paul George to the Clippers.

As seen in the clip below, today was important for Ballmer. He could barely even get through his speech before whooping and pumping his arms in the air.

Steve Ballmer Twitter

Steve Ballmer Instagram

 

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Happy! Steve

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