Steve Ballmer's net worth is definitely a way too high that he can afford the worth of Los Angeles Clippers.
The wealth of the former Microsoft chief executive is undeniably jaw-dropping that he just made history after becoming the newest owner of an NBA team. Steve Ballmer's net worth was able to make history when he purchased The Clippers for almost $2 billion, an amount that set a record for the most money ever spent for buying a team in NBA. The American businessman is not just actually the only person who submitted their bids.
After topping the bid, the former Microsoft CEO is now the new owner of the NBA team following Donald Sterling who was banned when he made racist comments. Steve Ballmer's net worth may eventually have significant changes after buying the team and that is if it will further increase or decrease. In addition to purchasing the team, the bid that the businessman submitted is quite mind boggling since most experts reportedly valued The Clippers last year at just $430 million.
Although the businessman grew up in an affluent community, he mainly gained most of his wealth after he joined Microsoft in 1980 along with Bill Gates. He actually headed several divisions in the said company which includes the operations, operating systems development and sales and support. He was then promoted to become the President of Microsoft.
Steve Ballmer's net worth was actually increased when he was appointed as Microsoft's CEO in 2000. Being in the position, he handled the company's finances and operations while Gates remain as chairman. In 2009, his estimated total salary is at $1.2 million which included the base salary and a cash bonus.
Furthermore, The Clippers ownership is not yet officially endorsed to the businessman since Sterling still needs to sign off the deal. With Steve Ballmer's net worth estimated up to $ 19. 3 billion, he became the 51st richest person in the world according to Forbes.
This article is copyrighted by Travelers Today, the travel news leader
