What basketball team does Steve Ballmer own?

LA clippers owner
LA clippers owner Steve Ballmer announced last week the team will move to a new arena in three years: the $1.2 billion Intuit Dome. CNBC spoke with Ballmer about his eight years as a sports team owner and what lessons he carried over from his time as Microsoft CEO.

What sports teams does Steve Ballmer own?

LA Clippers owner Steve Ballmer ‘building our own presence, identity’ with new arena. LA Clippers chairman Steve Ballmer initially was content to play at Staples Center — in the same building as the Los Angeles Lakers and the NHL’s Los Angeles Kings — when he bought the franchise for $2 billion in 2014.

How much did Ballmer buy the Clippers for?

$2 billion
Steve Ballmer purchased the LA Clippers for $2 billion. According to this report, that would suggest that the Clippers have gone up $0.63 billion in valuation since Ballmer purchased the team.

How much is the Los Angeles Clippers owner worth?

A former Microsoft executive who led the company as CEO from 2000 to 2014, Ballmer still owns a stake in the tech giant, shares of which rose 33% in the last year. The same year he retired, he purchased the Los Angeles Clippers for $2 billion. The team is worth $2.75 billion today, according to Forbes.

How is Steve Ballmer so rich?

Ex-Microsoft CEO Steve Ballmer is now the ninth member of the $100 billion net-worth club. His wealth grew by $20 billion this year alone, driven by gains in Microsoft’s stock. Ballmer once said he’s a “loyal dude” who still owns a stake in the company he ran for 14 years.

How is Ballmer so rich?

Why did Steve Ballmer buy the Clippers?

Ultimately, Ballmer’s relentless desire to own a team combined with his cash and willingness to keep the Clippers in Los Angeles achieved his dream. Ballmer was the right bidder at the right time. Now, Ballmer continues to show he is the perfect Clippers owner at the perfect time.

Why Steve Ballmer is so rich?

The majority of Ballmer’s fortune is derived from a stake in Microsoft, the world’s biggest software maker. The company’s former chief executive officer is assumed to still own about 4% or 333 million shares of the company, which matches his reported stake in Microsoft’s 2014 proxy, the last time it was disclosed.