Bloomberg Billionaires Index, Forbes Billionaires List

Steve Ballmer Surpasses Bill Gates to Become World's Sixth-Richest Person with $157.2 Billion

Jul 2, 2024, 01:19 PM

Steve Ballmer has surpassed Bill Gates to become the sixth-richest person in the world, according to the Bloomberg Billionaires Index. This marks the first time Ballmer, the former CEO of Microsoft and current Clippers owner, has overtaken Gates in net worth. Ballmer's fortune stands at $157.2 billion, while Gates's net worth is $156.7 billion. More than 90% of Ballmer's wealth is tied to his Microsoft shares, whereas Gates has diversified his holdings. Ballmer owns a 4% stake in Microsoft, compared to Gates's current 1.34% stake, down from 45% in 1986. The milestone was achieved on Monday.