STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

WHO IS STEVE BALLMER?

From January 2000 to February 2014, Steven Anthony “Steve” Ballmer was the Chief Executive Officer (CEO) of Microsoft. He held various high-profile jobs at Microsoft before becoming CEO, including operations, operating system development, and sales and support.

He has also worked as Microsoft’s President and Executive Vice President of Sales and Support. Ballmer was one of Microsoft’s first workers as a college acquaintance of Bill Gates, the company’s co-founder. In fact, he was Gates’ very first company manager. Steve Ballmer was born into a wealthy home and grew up to be a smart student with remarkable mathematical abilities.

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Before joining the Stanford Graduate School of Business, he graduated from Harvard College and worked for Procter & Gamble for a while. He then dropped school to work for his friend Bill Gates’ new company, Microsoft, and went on to have tremendous success there. Ballmer, who retired from Microsoft after a distinguished career, now devotes his time to another of his passions: basketball, and is the current owner of the Los Angeles Clippers of the National Basketball Association (NBA).

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STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

BIOGRAPHY

Beatrice Dworkin and Frederic Henry Ballmer gave birth to Steve Ballmer on March 24, 1956, in Detroit. Shelly is his sister. His father worked for Ford Motor Company as a manager, and his family was well-off. Ballmer is half-Swiss and half-Jewish.

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He received a scholarship at the Detroit Country Day School and graduated with a flawless score of 800 on the SAT’s mathematical portion. He then went on to Harvard College, where he earned an A.B. in applied mathematics and economics and graduated magna cum laude in 1977. And made acquaintances with Bill Gates, a fellow student while studying there.

STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

Ballmer was a manager for the Harvard Crimson football team and a sports fan. He also contributed to the Harvard Crimson and the Harvard Advocate newspapers.

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STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

CAREER 

He joined Procter & Gamble as an associate product manager after finishing his education, a position he held for two years. In 1979, he enrolled at Stanford Graduate School of Business.

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Bill Gates, a college friend of Ballmer’s, had dropped out to co-found Microsoft. Ballmer sought his friend for a summer job at his company after completing his first year of business school. Instead, Gates requested that Ballmer assume a full-time position supervising the company’s operations.

STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

Ballmer graduated from Stanford Graduate School of Business in 1980 and joined Microsoft in June, becoming Gates’ first business manager. One of his first responsibilities was to find qualified staff for the burgeoning company. Despite the fact that he was not a coder, Ballmer had a knack for spotting potential talent.
Microsoft soon signed a deal to develop an operating system for IBM’s new range of personal computers. Gates and his collaborator Paul Allen, the company’s co-founders, were tasked with handling the technical parts of the corporation, while Ballmer was tasked with handling the business.

After Microsoft was formed in 1981, Ballmer converted the partnership into a corporate organization. As a result, Gates now owns 53 per cent of the company, Allen 35 per cent, and Ballmer 8%. He also devised a stock option plan for the company’s workers.

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Then, Allen grew ill with cancer in the early 1980s and departed the company in 1983 and the corporation was now run solely by Gates and Ballmer. And in the 1980s, Ballmer oversaw the development of the operating system, which is at the heart of the company’s operations.

Furthermore, the year 1986 was a watershed moment in Steve Ballmer’s career. Ballmer became a multimillionaire after Microsoft became a publicly-traded firm. The development of the Microsoft Office suite of products, which includes word processing, spreadsheet, and presentation software, was a major factor in the company’s success.

STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

He rose through the ranks of the corporation over the next few years, eventually becoming Executive Vice President, Sales and Support, in February 1992. |He was in charge of the.NET Framework development at the time.
He was elevated as President of Microsoft in July 1998, a post he maintained until February 2001. In January 2000, Ballmer was appointed as the company’s Chief Executive Officer (CEO).

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As CEO, Ballmer was in charge of the company’s finances and day-to-day operations. Microsoft expanded its product line during his tenure to include goods such as the Xbox video game console and the Zune series of portable media players.

During Ballmer’s term as CEO, Microsoft’s revenues increased dramatically. Annual sales climbed by 215 percent to $70 billion, while net income increased by 215 percent to $23 billion.
In 2013, Ballmer announced his retirement, and in February 2014, he stepped down as CEO of Microsoft. In August 2014, he resigned from the company’s Board of Directors.

FAMILY, MARRIAGE, AND PERSONAL LIFE

Steve is married to Connie Snyder. They have been married since 1990 till date and have 3 children together

CHILDREN

Steve married Connie Snyder in 1990 and they have three children together. Sam Ballmer, Aaron Ballmer, and Peter Ballmer are the names of their three boys.

STEVE BALLMER INVESTMENTS & BUSINESSES TILL DATE

• Microsoft

Steve Ballmer is a former CEO of Microsoft who served as the company’s CEO from 2000 to 2014. After dropping out of Stanford’s MBA program, he joined Microsoft as employee number 30 in 1980. Ballmer was in charge of Microsoft following the first dot-com disaster, as well as efforts to catch up to Google in search and Apple in mobile phones.

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• Others

He purchased the NBA’s Los Angeles Clippers for $2 billion in the same year he left Microsoft.
Since 2014, he has increased his charity, donating more than $2 billion to a donor-advised fund focused on helping Americans out of poverty.
He put $59 million into Social Solutions, a software company that caters to organizations and government agencies.

STEVE BALLMER – Biography, Age, Family, Net-worth & Businesses

NET WORTH

His personal wealth is estimated to be approximately $105 billion, making him the world’s ninth richest person.

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