Bill Gates Hired Steve Ballmer As The First Business Manager At Microsoft And Now Is Behind Him On The Billionaire's Index, Thanks To AI
Portfolio Pulse from Benzinga Neuro
Steve Ballmer has surpassed Bill Gates in wealth, becoming the wealthiest former CEO of Microsoft, thanks to a 21% increase in Microsoft's stock driven by AI advancements. Ballmer's net worth is now $157.2 billion, while Gates' is $156.7 billion, with Gates having diversified his holdings significantly.
July 02, 2024 | 3:53 am
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Bill Gates holds a $21 billion stake in Republic Services Inc. through Cascade Investment. While Gates' net worth is slightly behind Ballmer's, his diversified holdings include significant investments in companies like Republic Services.
Bill Gates' diversified holdings, including a $21 billion stake in Republic Services, indicate a stable investment strategy. This news is neutral for Republic Services' stock in the short term.
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Microsoft's stock has surged by 21% this year, significantly boosting Steve Ballmer's net worth to $157.2 billion. This AI-driven rally has made Ballmer the wealthiest former CEO of Microsoft.
The 21% increase in Microsoft's stock price, driven by AI advancements, has significantly boosted Steve Ballmer's net worth. This positive performance is likely to continue attracting investor interest in the short term.
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