Ballmer Surpasses Gates as World's Ninth-Richest Person

Steve Ballmer has become the ninth-richest person in the world after his net worth surged by over $10 billion this year.

Microsoft's rebounding stock, which rose from a low of $348 to $513, is largely responsible for Ballmer's newfound wealth.

This means that Ballmer now has a net worth of $179 billion, surpassing Bill Gates' fortune by a significant margin of $65 billion. Gates' net worth has decreased by $2.7 billion this year to $114 billion due in part to his dedication to philanthropy through the Gates Foundation.

Ballmer's wealth is not just tied to Microsoft stock; he also owns a stake in the Los Angeles Clippers, which he purchased for $2 billion and now values at $7.5 billion.