Ex-Microsoft CEO Steve Ballmer is now richer than founder Bill Gates

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Ex-Microsoft CEO Steve Ballmer is now richer than founder Bill Gates
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Today's Business Headlines: 7/2/24

Former Microsoft CEO Steve Ballmer has leapfrogged Bill Gates on the list of world’s richest people — the first time that the company co-founder’s fortune has been eclipsed by one of his former underlings.

Ballmer, meanwhile, has seen his net worth soar as Microsoft benefits from the artificial intelligence rally that has made it the most valuable company in the world, with a $3.3 trillion market cap.'Morning Joe' co-host opens MSNBC show with 15-minute monologue defending Joe Biden after debate 'disaster'He is Microsoft’s largest shareholder — owning an estimated 333.25 million shares — or around 4% — of the company.

Last month, Gates was in Wyoming to break ground on the construction of a nuclear power plant that will be built by his energy company, TerraPower.Gates co-founded Microsoft with the late Paul Allen in 1975. He hired Ballmer, his Harvard classmate, five years later, becoming the company’s 30th employee and first business manager.

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