Steve Ballmer’s Childhood and Early Life:-
Steve Ballmer was born on 24 March 1956 to a mother Beatrice Dworkin and a father Frederic Henry Ballmer who was a manager at Ford Motor Company. He was born in Detroit and is of Swiss and Jewish ethnicity. His family was wealthy and he has only one sibling named Shelly.
He joined the Detroit Country Day School on the basis of a scholarship and got graduated with a perfect score of 800 in mathematics on the SAT. After that for his further graduation manga cum laude with an A.B. in mathematics and economics he joined Harvard College in 1977. Bill Gates was also a student there they became good friends.
As Ballmer always loved sports, he was a manager of the Harvard Crimson football team. He also worked for the Harvard Crimson newspaper as well as the Harvard Advocate.
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Steve Ballmer’s Career:-
- After completing his education he joined Procter & Gamble as an assistant product manager, a post he held for two years. Then he joined the Stanford Graduate School of Business in 1979.
- Ballmer’s college friend Bill Gates had dropped out of school to co-found Microsoft. After completing his first year at the business school, Ballmer approached his friend hoping for a summer job at his company. Gates instead asked Ballmer to take a full-time job managing the company’s operations.
- In 1980, Ballmer left the Stanford Graduate School of Business and joined Microsoft in June, becoming the first business manager to be hired by Gates. One of his earliest roles was to recruit competent employees for the growing firm. Despite not being a programmer himself, Ballmer possessed the knack to identify potential talent.
- Soon after, Microsoft signed a contract to create an operating system for IBM’s new line of personal computers. The co-founders of the company, Gates and his partner Paul Allen, busied themselves with the technical aspects of the company while Ballmer was assigned the responsibility of handling the business.
- Ballmer reorganized Microsoft’s partnership into a corporate structure in 1981 after the company was incorporated. Accordingly, Gates came to hold 53 percent of the equity, Allen 35 percent, and Ballmer 8 percent. He also developed a stock option plan for the employees.
- During the early 1980s, Allen became ill with cancer and left the company in 1983. Now it was just Gates and Ballmer in charge of the corporation. Ballmer led the development of the operating system, the core of the company’s business, in the 1980s.
- The year 1986 marked an important point in Ballmer’s career. Microsoft became a publically held company and Ballmer became a multimillionaire. The success of the company was primarily driven by the success of the Microsoft Office suite of applications, comprising word-processing, spreadsheet, and presentation software.
- Over the next several years he held many important positions in the company and in February 1992, he was made the Executive Vice President, Sales, and Support. In this position, he led the development of the .NET Framework.
- In July 1998 he was promoted to President of Microsoft, a position he held till February 2001. Ballmer was officially named the Chief Executive Officer (CEO) in January 2000.
- As the CEO Ballmer handled the company finances and daily operations. Under his leadership, Microsoft diversified its product range to include products such as the electronic game console system Xbox and the Zune family of portable media players.
- Microsoft registered a phenomenal increase in profits during Ballmer’s tenure as CEO. The corporation’s annual revenue surged from $25 billion to $70 billion, while its net income increased 215 percent to $23 billion.
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- Ballmer announced his retirement in 2013 and stepped down from the position of CEO of Microsoft in February 2014. He stepped down from the company’s Board of Directors in August 2014.
- In 1994, Ballmer and Bill Gates jointly donated $10 million to Harvard University’s computer science department.
- In 2014, Ballmer again donated money to Harvard University‘s computer science department to enable it to hire new faculty.
- In 2014, Ballmer donated $50 million to the University of Oregon for the purpose of scholarships, public health research and advocacy, and external branding/communications.
- In 2015, Ballmer called Microsoft’s decision to invest in Apple to save it from bankruptcy in 1997 the “craziest thing we ever did.” By 2015, Apple was the world’s most valuable company.
- In March 2020, Ballmer agreed to buy The Forum in Inglewood, California. The purchase would allow him to build the Intuit Dome in the nearby area since plans for a new Clippers arena were opposed by the former owners of The Forum.
- In a survey conducted by The Athletic in December 2020, Ballmer was voted the best owner in basketball.
- In 2022, Ballmer made a large gift of $425 million to the University of Oregon to fund a new institute for children’s behavioral health.
- Ballmer serves on the World Chairman’s Council of the Jewish National Fund, which means he has donated US$1 million or more to the JNF.
Steve Ballmer’s Awards & Recognition:-
- French President Nicolas Sarkozy made Steve Ballmer a Knight of the Legion of Honor in Paris.
Steve Ballmer’s Personal Life:-
In 1990, Steve Ballmer married Connie Synder. They both have three children together. Along with their three sons they live in Hunts Point Washington.
Ballmer along with his wife does Philanthropic work and donated $50 million to the University of Oregon in 2014 and in 2022 he donated $425 million.
Steve Ballmer’s Net Worth:-
Steve Ballmer’s estimated net worth in 2022 is about $95.9 Billion.
Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. In 2014, shortly after stepping down as Microsoft CEO, Ballmer purchased the Los Angeles Clippers basketball team for $2 billion.