Steve Ballmer becomes No. 5 on Bloomberg’s billionaires list

Steve Ballmer held the No. 5 position among the most wealthy individuals globally as of Monday, according to Bloomberg figures. 

The former Microsoft CEO, who started as Bill Gates assistant, is worth an estimated $117 billion, according to the Bloomberg Billionaires Index. CNN earlier reported on his ranking.

Ballmer’s primary asset is the 4% of Microsoft stock he holds, according to Bloomberg. He also owns the Los Angeles Clippers of the NBA

At the beginning of the year, the former Microsoft CEO’s value hovered around $85.8 billion, according to the Bloomberg Billionaires Index.

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Ballmer spent over three decades at Microsoft, including nearly 14 years as the tech company’s CEO. He first became part of the company co-founded by Bill Gates in 1980, when he took on the role of business manager, according to Microsoft.

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Microsoft’s current CEO, Satya Nadella, stepped into the job in February 2014.

Gates had a personal fortune of about $122 billion as of Monday, according to the Bloomberg Billionaires Index. That put Gates one spot ahead of Ballmer on the list.

The Microsoft co-founder created the Giving Pledge with ex-wife Melinda French Gates and Warren Buffett.

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In the first quarter reported last week, Microsoft brought in $56.5 billion in revenue and $22.3 billion in net income, both year-over-year double-digit percent increases.