Steve Palmer is the former CEO of Microsoft and current owner of the Los Angeles Clippers. According to Bloomberg, his net worth is around $117 billion as of October 2023.
| Bill Gates, Steve Ballmer. |
This makes him the fifth richest man in the world.
He is only one place ahead of Bill Gates who has a net worth of $123 billion.
He is currently ranked fifth in the list of richest people in the world. Not only Mark Zuckerberg, but also Warren Buffett, Larry Ellison, etc. Steve is in fifth place. It is also said that he is likely to overtake his former boss Phil Catch at number four on the list very soon
Steve Palmer joined Microsoft in 1980 as the 24th employee after dropping out of Stanford for an MBA. He worked closely with Bill Gates, eventually becoming chairman and then CEO of the company.
How much do you know about Steve Palmer's net worth?
Larry Ellison is worth $114 billion
Warren Buffett's net worth is $111 billion
Mark Zuckerberg's net worth is $108 billion
| Mark Zuckerberg's |
Steve Palmer is ahead of the trio with a net worth of $115 billion. Currently, Bill Gates' net worth is estimated at $128 billion.
He retired from Microsoft in 2014 and bought the LA Clippers for $2 billion. He still holds a 4% stake in Microsoft.
Steve Palmer is known for his energetic and enthusiastic personality, as well as his passion for basketball and philanthropy. He has donated $2 billion to various causes, including education, healthcare and civic engagement.
Palmer's net worth continues to grow as he owns Microsoft stock. The main reason for this is the development of artificial intelligence. Microsoft has invested in companies like openai, the developer of chatgpt. This was a huge challenge for Google. This investment has greatly increased the value of Microsoft's stock.
He also created the website USAFacts.org, which provides data and analysis of government spending and outcomes.