Steve Ballmer – Bill Gates Assistant is the 5th Wealthiest Person

Steve Ballmer – Bill Gates Assistant is the 5th Wealthiest Person

Bill Gates, the renowned founder of Microsoft, and one of the world’s wealthiest individuals, is now in the 4th position in the Bloomberg Billionaires Index. Surprisingly, one of his former assistants has emerged as the fifth richest person globally, according to the Bloomberg billionaires list, with a staggering net worth of $123 billion.

Steve Ballmer, who commenced his journey at Microsoft as Bill Gates’ assistant in 1980, began with a modest salary of $50,000. However, his fortunes changed as he earned a share of 10% in the profits generated from projects he contributed to at Microsoft. Progressing from his initial role as an assistant, Steve Ballmer’s dedication and expertise led to his appointment as Microsoft’s CEO in 2000. Over time, he acquired a four percent stake in the company. In 2014, Palmer retired from his active role at Microsoft, holding shares worth $333 million at the time.

Steve Ballmer - Bill Gates Assistant is the 5th Wealthiest PersonCrucially, he retained ownership of his Microsoft shares even in retirement. Microsoft’s strategic investments in AI startups, including ChatGPT and OpenAI, have resulted in a remarkable 38% increase in the company’s stock value this year alone. Consequently, Ballmer’s stock holdings have surged significantly, surpassing the $100 billion mark.

Amidst this remarkable surge in wealth, Steve Ballmer has secured his position as the fifth wealthiest individual on a global scale, with Bill Gates ahead of him and Mark Zuckerberg, Larry Ellison, and Warren Buffett following in the Bloomberg Billionaires list. There is growing speculation that he might eventually surpass his former mentor and employer, Bill Gates, in these rankings.