Former Microsoft CEO Steve Ballmer tops Bill Gates' wealth [FOX Business Network]
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Source: FOX Business Network
Ballmer, who began his career at Microsoft as Gates' assistant, surpassed the Microsoft co-founder on the Bloomberg Billionaires Index on Monday for the first time. According to the index, Ballmer is now the sixth-richest person in the world, with a net worth of $157.2 billion, topping Gates' $156.7 billion. Bloomberg noted that Ballmer's wealth eclipsed Gates' as Microsoft shares hit a new record high on Monday. The stock is up more than 22% year-to-date, hovering around 455 per share on Tuesday. Ticker Security Last Change Change % MSFT MICROSOFT CORP. Powered By Microsoft Corp. The outlet said more than 90% of Ballmer's net worth is in Microsoft stock, and he is the company's largest shareholder. Gates, meanwhile, has diversified his portfolio and donated tens of billions of his personal wealth to philanthropic endeavors , including the Bill and Melinda Gates Foundation he founded with his ex-wife. Gates also co-founded and signed the Giving Pledge, vowin
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