Steve Ballmer becomes the world’s fifth-richest person, closing in on Bill Gates
San Francisco, Oct 31 (@DelhiBreakings.com) ★Steve Ballmer, the former assistant of Microsoft co-founder Bill Gates, has now climbed to the fifth position on the Bloomberg Billionaires Index, inching closer to surpassing his former boss in wealth. Ballmer’s fortune has seen a remarkable increase of around $29 billion this year, bringing his total estimated wealth to approximately $115 billion. This puts him just $6 billion behind Gates, who currently holds the fourth position with a net worth of $121 billion. A few months ago, the gap between them was $17 billion, indicating Ballmer’s rapid wealth accumulation, as reported by Insider.
Ballmer surpasses Larry Ellison, Warren Buffett, Larry Page, Mark Zuckerberg, and Sergey Brin
According to the Bloomberg Billionaires Index, Ballmer’s wealth currently exceeds that of Oracle’s CTO Larry Ellison ($114 billion), renowned investor Warren Buffett ($111 billion), Google’s co-founder Larry Page ($110 billion), Meta’s founder and CEO Mark Zuckerberg ($108 billion), and Google’s co-founder Sergey Brin ($105 billion).
Ballmer’s journey to success
Steve Ballmer joined Microsoft in 1980 as Bill Gates’ assistant, but his role quickly expanded to that of a business manager rather than a personal assistant. Forbes reported that Ballmer initially negotiated a base pay of $50,000 along with 10% of profit growth. However, when his share of earnings became substantial, he opted for a substantial equity position instead.
The role of Artificial Intelligence in Ballmer’s wealth growth
Ballmer’s recent surge in wealth can be attributed to the advancements in Artificial Intelligence (AI), which have driven Microsoft’s stock prices to new heights. The company’s investment in OpenAI, the creator of AI chatbot ChatGPT, has raised expectations for Microsoft’s potential to compete with Google’s owner, Alphabet, in the domain of internet search. As a result, Microsoft’s stock has experienced a remarkable 38% increase over the past ten months.
In conclusion, Steve Ballmer’s wealth has skyrocketed, making him the world’s fifth-richest person. With his fortune rapidly closing in on Bill Gates, it will be interesting to see if Ballmer can surpass his former boss in the near future, especially considering the role of AI in Microsoft’s success.
Summary:
- Steve Ballmer, former assistant of Microsoft co-founder Bill Gates, is now ranked as the fifth-richest person in the world.
- Ballmer’s fortune has increased by approximately $29 billion this year, bringing his wealth to around $115 billion.
- He is currently trailing Gates by only $6 billion, as Gates holds the fourth position with a net worth of $121 billion.
- Ballmer’s wealth exceeds that of Larry Ellison, Warren Buffett, Larry Page, Mark Zuckerberg, and Sergey Brin.
- His recent wealth growth can be attributed to Microsoft’s investments in Artificial Intelligence, particularly in OpenAI.
- Microsoft’s stock has risen by 38% in the last ten months.
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