Why Microsoft Paid This Guy $112 Billion (World's "Luckiest" Billionaire)

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Steve Ballmer is often described to be the world’s luckiest billionaire as he managed to not just become a billionaire but a centi-billionaire. And what was his big contribution to the world? Well, many would say that it was just being dormmates with Bill Gates. You see, his friendship with Bill would eventually get him a job at Microsoft along with 8% equity in the company which has obviously made him extraordinarily rich. But, the reality is that Steve’s contribution to Microsoft is a lot more nuanced than just being friends with Bill. One of his biggest contributions happened right after he joined when he helped Bill negotiate the deal of his life with IBM. Microsoft somehow convinced IBM to let Microsoft keep ownership and distribution rights to an upcoming OS that they were building at IBM’s request. This OS is what would eventually turn into Windows and make Microsoft the software juggernaut that we know today. Eventually, Steve would also become CEO of Microsoft and though the stock didn’t do so great under his leadership, Microsoft’s revenue and profits tripled. This video explains why Steve Ballmer was more important to Microsoft than most people give him credit for and how he turned that value into over $100 billion.

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Timestamps:
0:00 - Steve Ballmer
3:01 - Near Miss
6:37 - Proving His Worth
10:10 - Steve’s Legacy

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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