Former Microsoft CEO Steve Ballmer is now richer than Bill Gates
Former Microsoft CEO Steve Ballmer surpasses Bill Gates in wealth, ranking sixth globally with $157.2 billion. Ballmer's wealth stems from Microsoft stock, while Gates diversified investments. Ballmer focuses on economic mobility and systemic inequities, unlike Gates' extensive philanthropy.
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Former Microsoft CEO Steve Ballmer has surpassed Bill Gates in wealth, becoming the sixth-richest person globally with a net worth of $157.2 billion. Ballmer's wealth is primarily tied to Microsoft stock, of which he is the largest individual shareholder. In contrast, Gates diversified his investments through Cascade Investment, impacting his overall wealth. While Ballmer has not engaged in extensive philanthropy like Gates, he has made significant donations to universities and founded organizations like USAFacts.org and the Ballmer Group, focusing on economic mobility and reducing systemic inequities in the US. Gates, known for his philanthropic efforts, has donated over $60 billion to the Gates Foundation, one of the world's largest charitable organizations with over $75 billion in funding. The Bloomberg Billionaires Index only considers personal wealth, not philanthropic contributions, highlighting the different approaches Ballmer and Gates have taken towards wealth management and charitable giving.
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