Steve Ballmer, who dropped out of Stanford business school to become the 30th employee at Microsoft, is on the verge of eclipsing his mentor Bill Gates in wealth—thanks to his successor.
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00:00 Michael Gates' assistant is on the verge of becoming wealthier than Gates himself.
00:03 Steve Ballmer dropped out of Sanford Business School to become the 30th employee at Microsoft
00:07 in 1980.
00:08 Ballmer met Gates at Harvard undergrad and Ballmer went on to become his assistant tasked
00:12 with professionalizing the then-startup.
00:14 He ran the company from 2000 to 2014 when he stepped down after having a difference
00:19 with the board.
00:20 His post-Microsoft endeavors have been best known through his acquisition and ownership
00:23 of the LA Clippers basketball team.
00:25 He's currently worth $117 billion according to Bloomberg.
00:28 That's only $6 billion short of Gates.
00:31 Ballmer has earned the distinction of being the only centi-millionaire to have made his
00:34 fortune as an employee rather than an entrepreneur.