⬅ # 9 Bill Gates|# 11 Amancio Ortega

# 10 Steve Ballmer 

$126B

Real Time Net Worth
as of 6/12/2024
$1.9B (1.54%)

# 10 Steve Ballmer 

$126B

Real Time Net Worth
as of 6/12/2024
$1.9B (1.54%)
OccupationOwner, Los Angeles Clippers
Source of WealthMicrosoft
Age68
ResidenceHunts Point, Washington
Marital StatusMarried
Children3
EducationBS, Harvard University; Drop Out, Stanford University
Age-Adjusted Net Worth$73.7B
Steve Ballmer
Steve Ballmer
United States
Net worth: $126B

Self-Made Score 

Wealth History

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Biography

Steven Anthony Ballmer was born on March 24, 1956, in Detroit, Michigan.
In 1980, Ballmer joined Microsoft as the company's 30th employee and its first business manager, playing a crucial role in the early growth and development of the company.
Ballmer became Microsoft's CEO in 2000, succeeding Bill Gates, and led the company through a period of significant expansion and diversification.
Under Ballmer's leadership, Microsoft launched major products, including Windows XP, Windows 7, and the Microsoft Office suite, contributing to the company's dominance in the software market.
Ballmer spearheaded strategic initiatives like the introduction of the Xbox gaming console in 2001, expanding Microsoft's reach into the gaming industry.
In 2013, Ballmer announced his plans to retire as Microsoft's CEO, and he played a key role in the selection of Satya Nadella as his successor.
Ballmer is known for his energetic and passionate presentation style, which became iconic during Microsoft's product launches and developer conferences.
After leaving Microsoft, Ballmer purchased the NBA's Los Angeles Clippers in 2014, showcasing his interest in sports ownership.
In 2018, Ballmer launched USAFacts, a non-profit organization focused on providing comprehensive and accessible data about government spending, revenue, and performance.

How long would it take you to become as rich as Steve Ballmer?

If you started with $10,000 and invested an additional $500 each month at a 43.94% CAGR, it would take you 5 years to reach Steve Ballmer's net worth of $126B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 43.45% compared to 12.43% for the S&P 500 benchmark.

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Steve Ballmer is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Steve Ballmer, Microsoft is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey