Ballmer Surpasses Gates as Microsoft Stock Rebounds

Steve Ballmer's net worth has surpassed $179 billion, making him the ninth-richest person in the world. This figure is a result of Microsoft's (NASDAQ:MSFT) stock rebounding to $513 after falling to $348 earlier this year.

This surge has added over $10 billion to his net worth and pushed him ahead of Bill Gates, who now ranks tenth with a net worth of $114 billion. Ballmer is $65 billion richer than the Microsoft co-founder due in part to Gates' philanthropic efforts through the Gates Foundation.

Gates has given away nearly $100 billion in his lifetime and owns less than 1% of Microsoft. His wealth was also affected by a $7.9 billion payout to the private foundation of Melinda French Gates as a result of their divorce in 2021.