Peter Newcomb reporting for Bloomberg:
Steve Ballmer, the former chief executive officer of Microsoft Corp., became the company’s biggest individual shareholder today after Bill Gates sold 4.6 million shares of the world’s largest software maker.
This shows just how much of his Microsoft fortune Bill Gates has given up over time. Unlike some company founders that cling to all of their shares, Gates has divested a significant portion of his Microsoft ownership and diversified his investments – just 20% of his estimated net worth of $78 billion is now derived from Microsoft. Gates is once again the richest person on the planet even after donating $38 billion to the Bill & Melinda Gates Foundation.
Steve Ballmer – also one of the world’s richest people with an estimated net worth of $18 billion – has essentially all of his non-cash assets concentrated in Microsoft stock according to Bloomberg. He would do well to take a page from his good friend Bill’s playbook and diversify his investments.