Thursday, July 29

Microsoft stock

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Steve Ballmer joins the $100 billion club after Microsoft’s stock gains give the ex-CEO’s wealth a big boost

Former Microsoft CEO & LA Clippers owner Steve Ballmer. Steven Ferdman/Getty Images A jump in Steve Ballmer's net worth has landed the former Microsoft CEO a spot in the exclusive $100 billion club, spurred by gains for the software-maker's shares this year.Ballmer's fortune has risen to a hefty $101 billion, making him the ninth person to reach that level of wealth, according to the Bloomberg Billionaires' Index. The 65-year-old American businessman's fortune grew by $20 billion this year alone.Windows-maker Microsoft last month became the second US-listed company ever to hit a $2 trillion valuation, second only to Apple in reaching that milestone. Its shares have gained 25% year-to-date, outperforming tech peers Apple and Amazon.A self-described "loyal dude" who still owns Micr...