The $100 billion club has a new member — Steve Ballmer takes the club membership to 9

 

Steve Ballmer has gained entry into the exclusive $100 billion club. According to the Bloomberg Billionaires Index, the former chief executive officer of Microsoft has a net worth of above $100 billion and has become the ninth member of the club. Ending Wednesday, there was a slight miss on adding a tenth member to the elite club as Larry Ellison, founder of Oracle Corp’s fortune was at $98.6 billion.

 

The 65-year-old Ballmer left the post of CEO of Microsoft in 2014, after a 14-year stint. In January 2018, he was called the world’s best 21st century businessman. He saw a huge rise in wealth during the pandemic  as there was a rally in tech shares. He saw a $20.1 billion increase in wealth. He recently bought the NBA club — Los Angeles Clippers. Larry Ellison who has just missed reaching the $100 billion mark saw a $18.9 billion increase in his fortune.

 

The rise in value of tech shares has led to an increase in the number in the exclusive club. Seven of its members have earned their fortune through tech companies. Together with Ellison, the nine members of the club have added $245 billion to their already massive wealth since the beginning of this year. The sum total of their wealth is $1.36 trillion.

 

Bernard Arnault is the only non-American member of the club. The French luxury goods maker also saw a surge in his fortune during the pandemic as new millionaires mainly from China and other Asian countries developed a taste for luxury goods.

 

The rest of the members of the billion-dollar club are American and are mostly from a tech background.

 

The $100 Billion Club as per the Bloomberg Billionaires Index

 

  1. Jeff Bezos — 212.1
  2. Elon Musk — 177.2
  3. Bernard Arnault — 169.4
  4. Bill Gates — 148.3
  5. Mark Zuckerberg —130.4
  6. Larry Page — 115.4
  7. Sergei Brin — 111.5
  8. Warren Buffet — 101.5
  9. Steve Ballmer — 100.5

Photo MicrosoftPDC

 

0 comments

Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>