Ballmer’s Wealth Grows By Nearly $1 Billion Just From Quitting
Ryan Martin / 4 years ago
Forbes reports that outgoing Microsoft CEO Steve Ballmer has managed to increase his personal wealth by a staggering $0.789 billion simply by announcing his retirement from the company. When Steve Ballmer announced his departure from Microsoft shares in the company rose by about 10% in a very short period, eventually levelling out to around a 7.5% increase. Ballmer currently owns 333.252 million shares in Microsoft. In March 2013 his net worth was around $15.2 billion and now that has risen to $17.2 billion, up 13%. The majority of that rise is thanks to share price rises.
After the dust had settled on the announcement Steve Ballmer now finds himself $789 million richer. Forbes notes that if he had not of sold 75 million shares back in November 2010 he probably would of come a lot closer to that $1 billion mark. Who would have known retirement could have been so profitable?!
Image courtesy of Microsoft