How Steve Ballmer Made $100 Billion Working A 9 To 5

On July 7, 2021, Steve Ballmer's net worth officially surpassed $100

billion

, making him the ninth individual to join the downtown

billion

aires club. All of his peers have one thing in common: they founded the world's leading companies, be it Google, Facebook or Oracle. and amazon, but

steve

is unlike anyone at the top, not only did he not found a major company, he also didn't make any amazing investments like investing in bitcoin in 2009 or investing in amazon during the dotcom crash, for the most part ,

steve

was just in the right place at the right time so this is how steve

ballmer

was able to make 100 billion dollars

working

nine to five taking a look back steve

ballmer

was born on march 24, 1956 in detroit michigan he was the son of an immigrant family from switzerland and his father was a manager at ford, although steve never started his own company, he definitely had the brains for it from a young age.

Steve attended a college preparatory school called Detroit Country Day School, where he graduated with valedictorian in addition to graduating at the top. In his class, Steve also earned a perfect score of 800 on the math section. Today, these achievements are basically prerequisites for consideration by Harvard, but in 1973, Harvard's missions were much more reasonable and Steve was admitted to the class of 1977. At Harvard, Steve majored in applied mathematics and economics in In his free time, he worked on the school newspaper and even served as manager of the Harvard Crimson football team, but by far the most important part of his college studies was befriending a young man named Bill Gates in In the At the time when Bill Gates was about to drop out and found Microsoft, some reports suggest that Bill even asked Steve to leave them and be a leading voice at Microsoft, but Steve preferred to take the safe route and finish his degree at Harvard. .

I don't think anyone can blame him for this decision, I mean who cared about personal computers in 1975. Anyway, after Bill Gates abandoned Steve, Bill started going down radically different paths for a couple of years, while that Bill dedicated himself to Microsoft. Steve continued his academic excellence graduating magna laude in 1977 after graduating steve landed a solid job as a project manager at procter and gamble, he only worked there for two years although before returning to school to earn a master's degree at stanford during The following summer, Steve approached Bill Gates asking if he could get a summer job at Microsoft, although Steve only wanted a summer job.

Bill wanted a much bigger commitment from Steve. Bill asked Steve to leave Stanford and become a Microsoft's first full-time manager Steve wasn't willing to take A Leap of Faith five years ago, but he was now in a much more secure position. He had a Harvard degree under his belt, a couple of years of experience at Procter and Gamble, and only had one year left in the Stanford MBA, so even if Microsoft failed. steve wouldn't have any problem finding a well paying job elsewhere despite this, his parents were still pretty worried about him going into microsoft when steve told his parents about bill's offer, his dad said what the hell It's software and his mother asked why a person ever needed a computer, as you can see Steve's parents weren't too sold on Microsoft, but Steve went ahead anyway and joined Microsoft on June 11, 1980. .This

made

Steve the 30th employee at Microsoft, where he earned a salary of 50,000 per year.

The same as 163,000 today, more than a solid salary, although Bill promised you five to ten percent equity in the future on paper. Steve was a business manager at Microsoft, but according to Steve he was basically Bill's personal assistant. Apparently he did everything from hiring new employees. to cook and wash bottles Steve's defining moment was not far behind, although later in 1980 Microsoft would have a monumental meeting with IBM and Bill would ask Steve to attend the meeting, although this was not a super smart strategic move or anything for the style. Apparently Steve was the only one who knew how to wear a tie; his presence, however, would be much more useful.

You see, neither bill gates nor paul allen really had experience negotiating contracts or forming partnerships. steve didn't have much experience but he was the most experienced of the group during the negotiations with ibm, the trio was able to include a game changing clause in the contract with ibm which was non-exclusivity, ibm would pay microsoft 430,000 to develop ms-dos, but since the agreement was not exclusive -Microsoft could turn around and sell the software to other computer manufacturers as well. Now IBM wasn't stupid and didn't let itself be fooled by a couple of young entrepreneurs. The reason they accepted the non-exclusive agreement was because they themselves were being investigated for monopolistic practices so they passed up the non-exclusivity with Microsoft between 1981 and 1985.

Bill Gates would go to work on the technical side of MS-DOS, while Steve Ballmer would go to work on the business side of MS-DOS selling it. For several computer manufacturers, this increased Microsoft's revenue from $16 million in 1981 to $140 million in 1985. Clearly, hiring Steve was a big step, and Bill would keep his promise to give Steve a personal stake in the company. company when the company went public in 1986 microsoft would be valued at $780 million at the end of the first day of trading bill gates 45's stake was worth $350 million and paul allen 25's stake was worth $195 million although those are The founders, Steve Ballmer, didn't have as large a stake as Bill and Paul, but his eight percent stake translated into a whopping $51.5 million. .

At that point, he had only worked at Microsoft for six years, meaning he was basically making over $10 million a year, I'm sure his parents were a lot more sold on Microsoft after this, but this was just the beginning. After all, Steve wasn't even worth 0.1 percent of what he is worth today, so let's go back to his story Now that Microsoft's formative days were over, Steve took on more traditional corporate roles for the next six years, He managed several divisions and held many manager and director positions. It wasn't until 1992 that Steve officially became an executive by assuming the role of vice president of sales. and support during his time as vice president his most important contribution was leading the development of the net framework after six years as vice president steve would be promoted to president of microsoft in july 1998, making him second in command after bill gates and once bill gates took over As CEO of Microsoft at the turn of the millennium, Steve Ballmer would reach the peak of his career by assuming the role of CEO of Microsoft in January 2000.

Unfortunately, Steve Ballmer would become known as one of the most successful CEOs. useless people that exist, but not me. I really don't think this is true. Everyone who badmouths Steve Ballmer is mostly just pointing out the stagnation of Microsoft stock for the next 14 years and Steve's various dumb moments. Now let's be honest, he had a lot of dumb moments. Here you are repeating the word developers too many times developers developers developers developers developers developers developers developers developers developers developers developers developers developers and here's a clip of steve going ballistic on stage ladies and gentlemen steve balmer and yes steve laughed at the launch of the iphone 500 fully subsidized with a plan, I said it's the most expensive phone in the world and it doesn't appeal to business customers because it doesn't have a keyboard which makes it a not very good email machine, now it may or may not sell very well You know, but all joking aside, Steve was actually passionate about Microsoft and the lack of stock growth during his time as CEO wasn't really his fault.

Bill Gates is seen literally handing Microsoft over to Steve at the top of the dotcom bubble, the dotcom crash. started literally two months after steve took over in 2000, microsoft stock peaked at $58 per share, but in just 12 months microsoft stock plummeted to just $21 per share, so microsoft went down $63 from the highs of Steve's first year and a half of leadership and Just as Microsoft's stock began to recover, it was crushed by the financial crisis down to $15 a share, but fundamentally speaking, Steve pushed Microsoft forward quite a bit. First of all, Steve Ballmer was a big supporter of the Xbox.

Many company executives thought that Microsoft should stick to software and that building a gaming console was out of control, but Steve Ballmer remained steadfast in his support of the Xbox and today the Xbox is one of his most successful products. Similarly, in 2010, it was under the leadership of Steve Bomber that Microsoft launched its Azure cloud service Azure is probably the number one project that finally allowed Microsoft to break out of the doldrums and grow exponentially in the last five years and although Steve didn't see the potential of the iPhone, he did see the potential of several other projects in 2007.

For example, Microsoft invested 240 million dollars in Facebook at that time the company was only worth 15 billion dollars today they are worth a trillion dollars but, By far the clearest evidence that Steve had a positive effect on Microsoft was the bottom line during Steve's time as Microsoft's CEO's income nearly tripled from $25 billion to $70 billion and his profits they more than doubled from $9.4 billion to $22 billion. Investors simply didn't realize Steve Ballmer's positive impact until he left anyway after Steve Ballmer retired from Microsoft. in 2014 he would turn around and buy the clippers in may 2014 for two billion dollars around the same time steve ballmer became microsoft's largest individual shareholder over the last 30 years he had sold about half of his initial stake Eight percent, leaving him with a four percent stake in Microsoft, but Bill Gates had been selling his shares and diversifying much faster.

Today, Bill Gates has reduced his position in Microsoft from 45 percent to just 1 percent. .3 percent If Bill Gates had kept his entire stake, he would be worth $900 billion today and if the terrorist never sold any of his stake, he would be worth $160 billion today. Ironically, if Steve didn't sell any of his shares, he would be worth More than Bill Gates today, although Steve has reduced his position over the years he is extremely proud to be Microsoft's largest individual shareholder and believes that Microsoft is the best company in the world. In fact, he banned the Clippers from using Apple products and apparently doesn't allow any of his family members to use iPhones.

I think we would all agree that his enthusiasm on stage wasn't just for the show and that he definitely wasn't exaggerating when he said: I have four words for you. I love this company, yes, and that's how Steve Ballmer managed to give an amazing performance. 100 billion dollars

working

nine to five, what do you guys think about Steve's stage presence? Comment below also leave a like if you agree that the attacker was an underrated CEO and of course consider joining our Discord community to suggest future video ideas and Consider subscribing to see more logically answered questions, but until then I'm Hari and I'll see you next time.