CEO
Steve Ballmer Net Worth
Steve Ballmer's Net Worth as of 2024
$24.1 Billion
Steven Anthony Ballmer was born on 2 March 1956, in Detroit, Michigan USA, of Belorussian-Jewish (mother) and Swiss immigrant (father) descent. He is a businessman and manager, perhaps best known to the public as a former CEO of one of the largest multinational corporations – Microsoft – but now also as the owner of the Los Angeles Clippers basketball team in the NBA.
A well-known businessman, how rich is Steve Ballmer? According to sources, Steve’s net worth is estimated to be $24.1 billion, accumulated during his managerial career, particularly his 14 years as CEO at Microsoft, but also through the Clippers , for which he paid $2 billion in 2014 and at which the team is valued as of early 2016. Among Ballmer’s most valuable other assets is his house in Hunt’s Point, the value of which is put at $10 million.
Steve Ballmer Net Worth $24.1 Billion
Steve Ballmer studied at Detroit Country Day School, then Lawrence Technological University, before enrolling at Harvard University, and graduating with a Bachelor of Arts degree in economics and applied mathematics. While studying, Steve Ballmer worked on “The Harvard Crimson” student newspaper, as well as a magazine called “The Harvard Advocate”. He joined Procter and Gamble in 1978 as a product manager, before being ‘head-hunted’ by Bill Gates in 1980.
Ballmer’s initial salary as business manager at Microsoft was nominally $50 000, but with part-ownership of the company, although when it only had 30 employees. On Microsoft’s incorporation the following year, Ballmer owned 8% of the company. Steve subsequently headed several divisions of Microsoft in the next 20 years , including operations and operating systems development, as well as being Executive Vice-President, Sales and Support from February 1992. Ballmer also led the company’s development of the .NET Framework, and was then promoted to President of Microsoft, which position he occupied from July 1998 to February 2001, making him effectively number two in the company, to the Chairman and CEO, Bill Gates. In 2000 he was named the CEO of the company..which deals with the development and sales of consumer electronics and computer software called
Under Ballmer’s watch, several important divisions, such as Xbox entertainment division and data centers division, were built, Skype acquired, and concentration directed to products with better potential rather than ‘nice-to-haves’. During his time as a CEO , Steve Ballmer managed to triple yearly revenue to $70 billion, increase net income to $23 billion, and gross profit to 75c in every dollar of sales. In short, Microsoft became one of the most important and profitable businesses in the world, so despite some criticism, Ballmer’s contribution to Microsoft were of enormous importance. Just one example is that Microsoft Office is estimated to be used by more than one billion people around the world.
Steve Ballmer left the company in 2014, after some subsequent decisions proved not so profitable, but with an extremely healthy net worth.
Steve Ballmer was featured in the drama film entitled “Pirates of Silicon Valley”, where he was played by John DiMaggio, while Bill Gates was played by Anthony Michael Hall. In 2002, a book under the title of “Bad Boy Ballmer: The Man Who Rules Microsoft” was published. Ballmer’s character was also featured in an episode of “South Park”.
Steve Ballmer’s second love is basketball, and his wealth enabled him to indulge in the purchase of The Clippers in 2014, the team apparently being on a very secure financial footing.
In his personal life, Steve Ballmer married Connie Snyder in 1990, and they have three sons. They are known philanthropists, and have donated considerable sums to both Oregon and Harvard Universities in particular.
Businesspersons
Dean Spanos Net Worth
Dean Alexander Spanos was born on the 26th May 1950, in Stockton, California USA and is the businessman mostly known as the chairman of the board and CEO of the National Football League’s (NFL) team the San Diego Chargers. His leadership, since 1984, has directed the Chargers to consistent and successful seasons, placing them among the most decorated teams of the NFL.
You must be wondering how much wealth this team leader has accumulated so far? How rich Dean Spanos is? According to sources, it is estimated that Dean’s net worth, as of early 2016, is over $100 million which has been earned through his team presidential career now spanning almost 22 years.
Dean Spanos Net Worth $100 Million
Dean was raised in his home town where he finished Lincoln High School. While a teenager, he actively played golf and football, and even won the Lincoln High Hall of Fame Award for his sports accomplishments. Dean continued playing golf during his college years, at the University of the Pacific in Stockton, California from which he graduated in 1972 with Bachelor of Science degree in Business Administration.
After graduation, Dean started working with his father, Alex Spanos, founder of A.G. Spanos Company, with 10 other daughter companies under the Spanos label. In each of them, Dean Spanos served as president, and was also the vice-chairman of the AGS Financial Corporation. In 1984, Dean’s father bought a major share of the San Diego Chargers for $48.3 million, and in 1994 Dean became, and still is, the president and CEO, overseeing business as well as football operations. All these involvements have greatly increased Dean Spanos’ overall net worth.
Apart from his professional engagements, Dean is also very active in the San Diego community. The Spanos family, with Dean in it’s driving seat, is recognized as one of the most philanthropic families of the football world as well as Southern Californian great contributors. Throughout the years, they have provided more than $12 million, supporting different services and activities in San Diego County. In 1999, Dean Spanos used his huge net worth and founded Chargers Champions, a program that provided over $5 million as a support to San Diego’s schools, students and teachers, improving almost all aspects of student’s life – fitness, athletic programs and nutrition. For his contribution to the community, Dean was decorated with the Harold Leventhal Community Service Award and he also received the Ellis Island medal of Honor. Besides these mentioned, Dean Spanos was inducted into the DeMolay International Alumni Hall of Fame.
With Dean Spanos as a chairman, the San Diego Chargers have participated in several Super Bowls, becoming one of the top three teams with wins, including five AFC West titles in 2004, 2006, 2007, 2008 and 2009.
When it comes to his personal life, there aren’t any controversies and affairs connected to Dean Spanos. He has been married since 1977 to Susie and they have two sons – both of them have followed their dad’s path and became active in NFL, with older son Alexander Gus becoming vice-president of the Chargers in 2011, and younger John the president of football operations for the Chargers too.
Alongside his wife, Dean Spanos is a big supporter of San Diego’s police as well as fire and sheriff’s departments. Spending enormous amounts of money, Dean and Susie helped the city services to get new gear, vehicles and equipment. They are also the top contributors to Rady Children’s Hospital, San Diego Blood Bank and San Diego State University. For their generous donations and involvements, in 2014 they was honored with Community Champions Award by the San Diego Hall of Champions Sports Museum.
Businesspersons
James Jebbia (Supreme) Net Worth
James Jebbia was born on the 22 July, 1963, to an American father in the US military, and a British mother, and is best known as the founder of the clothing and fashion accessories brand Supreme, which was launched in New York City in 1994. He has been active in the business industry since the early 1990s.
How much is the net worth of James Jebbia? It has been reported by authoritative sources that the overall size of his wealth is as much as $40 million, according to the data given at the end of 2017. Business is the major source of Jebbia’s fortune.
James Jebbia (Supreme) Net Worth $40 Million
To begin with, the boy was born in Philippines, but when he was still a small boy his family moved to England. In 1983, he moved to New York City in the US.
Concerning his professional career, initially he worked at the clothing and skate shop Parachute. His first store Supreme was opened on Lafayette Street in New York City in midtown Manhattan, and rapidly became the heart of New York City’s skateboard culture in 1994. At first, it was a gang of young rebel New York skaters and artists who became both the staff and customers of the store. Their logo is a red rectangle in which is inscribed in the name of the mark in white with the typography Futura Heavy Oblique; the first T-shirts were just white with the logo in the middle of the model name of the T-shirt is: Box Logo, which established the brand and James’ net worth.
The brand is also known for its numerous collaborations with other brands, such as Nike, North Face, Vans, Timberland or Louis Vuitton. Today, there are other Supreme stores in London, Paris, Los Angeles, Tokyo (Harajuku & Daikanyama), Nagoya, Osaka, and Fukuoka, and recently Brooklyn where a store opened in 2017. The brand has specialized in hip-hop, punk rock and skateboarding. The brand also has a skate team. The brand remains very discreet, as is its founder. Unlike other clothing brands, which publish their new collections all at once, Supreme only launches a few items at a time, usually five to fifteen. This drop occurs online and in store once a week, and is obviously effective as usually everything is sold out in a few minutes. This strategy maintains the aura of media beat that the brand creates.
In 2017, James Jebbia announced that the private equity firm Carlyle Group has acquired significant stakes in the skateboard brand – it should be about 50 percent of shares of financial investor Carlyle to have paid about $500 million. The value of the Supreme brand is estimated at over $ 1 billion. Supreme is the major source of James Jebbia net worth.
Finally, in the personal life of the businessman, he is married and has two children.
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