Source: Roger Yu / USA Today
Steve Ballmer’s ego may be taking a hit Friday as the stock market jumps on the news that he will step down as CEO of Microsoft, but it also made him and his colleagues instantly richer – at least on paper.
Ballmer owns about 333.3 million shares, or about $10.8 billion worth of the stock, according to Microsoft’s latest proxy. With the stock up about 5.2% in late morning trading, he’s about $560 million richer.
Bill Gates, Microsoft’s chairman, owns about $14.9 billion worth of the stock, which means he’s about $774 million better off today than yesterday.
Microsoft’s executives and directors as a group — 19 individuals — collectively are $1.34 billion wealthier today.
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