Steve Ballmer Is Now Richer Than Bill Gates

Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.
The move came as Microsoft shares rose to a fresh record, bringing their total gain this year to 21%. The company, through its partnership with OpenAI, has been one of the biggest beneficiaries of the artificial intelligence rally that has powered the US stock market higher.
More than 90% of Ballmer’s $157.2 billion net worth is in Microsoft shares, according to the Bloomberg Billionaires Index. Gates, meanwhile, has diversified his $156.7 billion fortune: About half his wealth is held through Cascade Investment, which was created with the proceeds of Microsoft stock sales and dividends. He also owns a $21 billion stake in waste-management company Republic Services Inc. through Cascade.
Read more: www.bloomberg....
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[@scrumbles]

That's because gates is blowing all his money on charity. Granted, it's a charity he has full control of. He can pass that controll on to his kids too. AND the great thing is the charity won't pay estate taxes when he dies. Funny how that works.

[@Obamanamamama]

It’s bc gates has diversified his investments ballmer has stayed in Microsoft which has had a way larger return then 99% of anything else

[@SolutionsSolved]

If bill gates left his money in Microsoft he would be the world's first trillionare

[@matthew.m.stevick]

One of the best in American Business history. Good man.

[@ji8044]

Ballmer was a terrible CEO of Microsoft. The only CEO in the last 25 years who did more to run a major company into the ground was Jack Welch of GE or James McNerney of Boeing.

[@tmzz3609]

​@@ty814yes ...... By gouging consumers...... Every single "innovation" under him failed. He wanted the surface and the mobile phone. Both are failures. Revenues grew only due to changing to the subscription model.

[@Dales-d2e]

Isn’t he the clippers owner?

[@harrymejia2837]

Yeah that’s right

[@edgarhernandez4856]

Ok who gives a flying f 🤷🏻‍♂️

[@eitan6176]

Get rid of the capitalist class!

[@VoluntaryPlanet]

Capitalism is not the problem

[@Jokerrr561]

AND MILLIONS PEOPLE IN AMERICA IS HUNGRY 👏👏👏

[@lookoutforchris]

Many millions more are dying of obesity.