Why Microsoft Paid This Guy $112 Billion (World's "Luckiest" Billionaire)
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- Опубліковано 27 тра 2024
- 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
Resources:
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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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Steve has 112 billion reasons not to care what people think
what an iconic comment
By that logic i have a hundred reasons not to care what people think... which sounds like a lot...
112 billion in most stocks
Not right liquidity money
@@vaughnreedjr6592msft stock is liquid for all practial purposes because he’s not even an insider anymore
Hahahaha
developers, developers, developers, developers
Yes sir
**profusely sweating in the process**
developers
Developers
Developer!
He's the most underrated billionaire,
He launched Xbox, Azure, Office 365 and windows 7,
Currently Microsoft most revenues are from Xbox, azure and 365 so maybe a little bit research will make you realise he's earned every penny of those billions.
The secret is he didn't launch anything, the employees did
You don't get what you deserve, you get what you negotiate.
Can go both ways!
that means you get what you deserves.... Basic economics
@@kevinren3228not what the word deserve means but sure... basic language
I learned it the hard way :(
Just like the way Steve finessed that sale to IBM. It's about how you present yourself, what you have to offer, and then you negotiate for yourself.
if you listen to the really bright microsoft guys from the 90-2000 era, you realize, every single one of them admire steve. he sure does deserve his stock.
Does that include the ex-DEC VMS team that wrote Windows NT?
@@geezerbutler4582 it includes daveC
Are you saying they admired him for bringing forth Windows Vista to the market? 😂😂😅😊
@@4evertrue830 Windows Vista was a miracle given the history of Longhorn. Windows 7 under the hood is very similar to Vista.
Realistically he was given an 8% share of the company before it was worth 1 billion dollars. He could have taken that money out a lot sooner and it would have been worth a lot less than 112 billion dollars. So after the vesting period of the shares he was given, he deserves his fortune as much as any other investor.
Facts. When he was given the shares, they may not have even been worth $1 million.
@@LogicallyAnswered but your video makes it seem like he got the billions as compensation for being CEO.. the video says something like "or did he really deserve the billions of dollars of compensation"
Big facts, that's the beauty of investing
Buying the rookie card is some Ground
Floor
Returns.
So he is a genius
I work for Microsoft. Whenever the conversation about Microsoft history opens up, I get to hear that Satya saved the company that was on the road towards failure, and I need to defend Ballmer and remind them of Azure, XBox, and various developer frameworks and SDK that started those days. Windows Phone did not succeed, but it was an OS with a fresh design never seen elsewhere. I somehow feel that we stopped taking huge risky bets after Ballmer and all our focus and attention is dedicated towards improving on stock value.
That what happened when Indian CEO take over companies they stop looking to innovate stuff and just be safe meaning cutting stuff and Jobs.
@@TheChees1996 I don't know how are you able to generalise 1/6th of the world popular with just one person, but I don't think that is an Indian mentality or style in general. People consider Satya has good CEO not because he did some innoivations, rather they consider him good because he changed the people's perspective on Microsoft. That is what a company like Microsoft need right now.
Don't forget office 365 and windows 7.
Steve Ballmer is more of a legend than Satya Nadella.
Developing strong products is super hard and Steve Ballmer is pretty damn good at it.
@@TheChees1996as an Indian I hate to say I agree.
We need more Tim cooks than nadellas.
Cook is behind apple services, apple watch, airpods and apple silicon.
He made apple a lifestyle brand with apple fitness, music, etc.
@@TheChees1996 I do not agree that Indians have propensity towards playing safe in general. You see Gates and Ballmer were more like company founders. Satya (and other Indian CEOs) are hired specifically to ensure that company stocks stay in best possible health, and that is exactly what they have been doing. All of these Indians have stable families (unlike Gates, Musk and Bezos) and are sure to do nothing offensive that will hurt their or company reputation, however filthy rich you make them, and this makes them great CEO candidates.
As someone who's an employee at Microsoft, Steve cared immensely for his workforce & was extemely loved. He's also the person who signed off on the idea of Azure, which is Microsoft biggest revenue source today.
People love to crap on Balmer but he was instrumental in some key changes to MS that were way overdue under Gates. Vista is seen as his biggest failure but it needed to happen. MS's security model was a disaster before Vista and when he took over Vista was already 5 years late. Add to that their total lack of innovation on the phone and tablet OS having sat on CE for a decade and being sideswiped by the iPhone he was in a really tough spot. Despite all these setbacks he still managed to increase sales and drive revenue. Sure he did it at the expense of the stock price but he still did it. He then set up his successor as the saviour of microsoft with Azure, windows 10 and Windows 10 phone, oh wait scratch that last one.
To Microsoft Steve Balmer is very much the hero they needed not the one they deserved.
Edit. I couldn't remember the word "blindsided" and I agonized at that point in my comment and ended up using "sideswiped". It came to me just now so I am editing the comment but I don't like revisionist history and as such am not editing what I wrote but instead adding this edit clarifying my intention
He got a perfect score on the Putnam(hardest math exam in the world/US) and went to Harvard lucky is an understatement the man was a genius from the start
He was a smart idiot. He laughed at the iPhone launch; he literally couldn't see what was right in front of his eyes, and scoffed at what became a massive success for Apple.
I couldn't find a link for that. You? They say it's only been done 5 times, and often people get 0-1 out of 120. Wikipedia doesn't have him as a Putnam Fellow...
He did not get a perfect score on the Putnam nor is the Putnam the hardest math exam in the US.
He got a perfect score on his math SAT high school test according to an article from 2007. That same article mentions that he scored higher than Bill Gates on the Putnam test when he was at Harvard but I checked the previous winners list that the Mathematical Association of America keeps and Steve apparently didn't score high enough to make the top 5 individually. Harvard was in the top 5 as a team in 1973 and 1975 but I'm unsure which year Steve took the test (he graduated in 1977). Either way stop spreading misinformation.
Tech media loved to hate on Microsoft and Ballmer. Short sellers also did their part claiming the era of the PC and Microsoft was over. I took the opportunity wah back then to gobble up as much MSFT stock as I could. Anyone could see that they were making big money with big margins. Plus, they were investing in the cloud. Also, Ballmar was the one who found and promoted Satya
If you're a ceo for 1 and a half decade and people say you're lucky then they've no idea the hell they went through just to make sure everything looks great and stays great.
He was behind Xbox, azure, windows 7 and office 365.
And he was lucky lol.
Only one company managed to remain as one of the 10 biggest on the world from 2000 to now. No other company was able to stay in the top 10.
or maybe he have great people working under him
Steve Baller was the "Louis Litt" of Microsoft... Nice one
Nope he was better.
"DEODORANT DEODORANT DEODORANT DEODORANT DEODORANT "
😂
Did i tell you about him getting some Deodorant 🤷🤔🤔🤔
You, Modern MBA and How Money Works are all anyone needs to watch to understand business both from the past and in today's climate.
🙏
Super accurate
YES
@sixteenjets Compliment with hyperbole...
All of these channels are great, but they cover individuals and businesses much more than they cover strategies used...
For example, this video skims over the QDOS/MS-DOS origin story because it cannot offer greater insight...another commenter touched on SB's 8% being worth less than $1m when issued...
Steve Balmer one of the few examples of bleeding for a company actually paying off. Becoming a multi billionaire and owning your own NBA team soon your own arena in Los Angeles that pretty nice life if you can get it
Facts
Get there by becoming a CEO and bleed out a megacorp. Win win.
Really appreciate this analysis. He certainly suffers from a poor public image due to his antics, but he is smart nonetheless.
Underrated dude
@@LogicallyAnswered"I LoVe ThiS ComPaNieeee!!!Yeeeaaaaaah🤟"
he basically has my spirit if i was made ceo of a billion dollar company 😂
devolopers developers developers - bomer@@LogicallyAnswered
@@warrenarnoldHis PR was ahead of time, he would have killed it if he did all that now on Tik Tok
That guy almost topped the putnam math exam as a kid lol, his naysayers could try that for a few decades and maybe not even manage that
Excellent presentation. Dialog pacing was MUCH BETTER than the last vid you did. Enjoyed this very much, keep it up!
Developers, Developers, Developers!
Whatever your thoughts on Ballmer, there's no deying he was an very entertaining CEO.
It gave me a wut-lol. Read the room, Steve.😆🤨🤔😐
he also managed to hire Microsoft best developer the man spearheaded Windows NT. and still works there today at 81 coding
What's lucky is Microsoft having that guy.
His energy is unmatched
No doubt
"chief cook and bottle-washer" is an idiom meaning someone forced to do all tasks because of a lack of assistance. Great profile of Ballmer, thank you.
Developers, Developers, Developers, Developers, Developers, Developers, Developers, Developers, Developers!!!
Developers!
Steve is actually brilliant. Supposedly, he knew the quarterly numbers for every quarter Microsoft ever had! Unfortunately, he was too in love with their old business model of selling Windows licenses for $100/pop. He was unable to adapt Microsoft to new market realities, and had to be removed.
The Microsoft that pivoted to cloud while he was CEO and he said it was going all in on the cloud, when he was CEO? Hint: 2010
@@lonyo5377 He's the "don't fuck Windows" guy.
The career of Ryan Graves, Uber's first employee and billionaire CEO, was launched by a single tweet.
Oh really? Sounds interesting, will have to look into that
@@LogicallyAnswered yeah he was the fastest person to reply to Travis' twitter hiring post, so he become Uber's first ever employee
I love your videos. The production quality is so high
It took for him to be the right man, with the right background and intelligence and the right connection.
Good for him!
That ad placement was smooth
The fact that he retained his shares since inception means his loyalty is paying off...
Argument very well presented and Steve seems worthy of the prize money for his contributions over 3 decades.
From this video, I can tell he liked developers a lot
He beat Bill Gates at a math competition at Harvard. He is insanely intelligent and analytical. Guy earned his keep, barely sold stock (until the last little bit) so he deserves it.
Great stuff!
He made the biggest difference when it mattered the most- and that's all that counts.
Steve was a great business operator and help Billy to run Paul Allen out of the leadership of the company, he organized Microsoft and converted the idea into a profitable business
Running Paul Allen out of the Company was dumbest idea for Gate, because Allen is the Kernel of Ideas, please read his "memoir Idea Man "
Really appreciate this analysis. This video unveils the fascinating journey of the world's 'luckiest' billionaire.
He was there for Halo 1, 2, and 3. So in my eyes he deserves every cent.
We have to appreciate the amazing developer dance, I mean come on, that was an iconic moment from the mid 2000's
Dad by day I seen the amazing work done by #benefitwithhannamacko putting smiles on individual faces globally
Steve Balmer is often ridiculed for his over the top, in your face personality who is generally dismissed by many as the Microsoft CEO responsible for Microsoft’s years of stagnation.
Your video is one of the few videos on UA-cam that acknowledges the important role Balmer played in Microsoft’s past successes as well as how Balmer’s keen business instincts led to Microsoft investing heavily in the cloud, thereby setting up Satya Nadella to realise Balmer’s investments in the cloud as one of Microsoft’s key businesses - Azure.
Many people attribute Microsoft’s success with Azure to Nadella, and to be clear Nadella had his part in making Azure successful. However, without Balmer’s foresight identifying cloud services as the next big thing in IT and investing heavily in cloud infrastructure towards the end of his run as Microsoft CEO, Microsoft could well have missed the cloud market in the same way it missed the mobile market in 2007 when Apple launched the iPhone.
Microsoft’s current status as a revitalised, resurgent, innovative tech giant is as much due to Balmer’s contributions when he was CEO as it is due to Gates’ founding vision for Microsoft and Nadella’s ongoing strategy for Microsoft’s future.
Due to his decisiveness, Balmer is credited as well to have saved the Xbox brand itself after the Red Ring of Death fiasco
This video got you a sub!
He was given the opportunity to hit a single to tie the game and, instead, hit a grand slam. He rose to the occasion.
This guy was a total nut... but man he was entertaining and had energy.
😂
Antics aside, under his leadership we got XP and 7, the two best versions of Windows. I don't care at all about how much value the company is generating for shareholders, I care about having a usable OS that doesn't force unwanted features and telemetry on the user. We didn't know how good we had it back then.
The only Microsoft CEO linux users acknowledge. You can kill the book writer but you can't kill a passionate person going all in.
he seems to be as someone who can pull up his sleeves and do the hard work, he deserve it.
Steve Ballmer brought the most beautiful and underrated mobile OS for smartphone IMO, Windows Mobile had so much potential but it didn't had anyone with a real desire to make it a success other than Ballmer himself. With the right people behind Windows Mobile, Microsoft could easily replicate Apple ecosystem, and considering the commitment of Microsoft in the gaming industry, having a mobile version of some games would be an insane attraction to users which would attract developers.
Great video as always. Also, someone's watching suits nowadays
Ah yes hahaha
Damn, I really miss Windows Phone. Thanks, Ballmer...
I love his passion, just very genuine.
No one deserves a singular billion. That's ridiculous but it's considered normal for 1 person to control that much wealth
No rich person is saying this only who can't get rich say's this.
@@boobeshkumar406 no shit billionaires arent saying this because then theyd be admitting that they dont actually work 50000x harder than their employees. surely it couldnt have been luck and exploitation. nah, they just worked really hard lmfao
Womp womp
Lol, he was a vampire who bled the company dry
“$500 for a phone that doesn’t have a keyboard? Bah humbug!”
And now he’s by far the richest NBA owner, and also the most enthusiastic
Which AI tool did you use to create your face-cam footage?
Gotta admire it. Microsoft has had a crazy run.
He did a good job with Xbox. His best accomplishment in my opinion. The new ceo destroyed Xbox.
"I LoVe ThiS ComPaNieeee!!!Yeeeaaaaaah🤟"
He Was A True American!!!!!!!!!😂😂
Did you already make video about this a few years ago?
The IBM PC architecture made it possible to build computers compatible with IBM but royalty free with a reverse engineerd BIOS. Having MS-DOS available which was 100% compatible with PC-DOS (the MS-DOS made for IBM) . Microsoft knew that Compaq was working on a 'clone' PC as where many others. They seized the x86 with DOS market
I love this guy, atleast he's a real person and not a robot that simply gets paid billions.
Wow, $112 billion for luck? That's a whole new level of lottery win! But hey, if luck can bring in billions, sign me up for the next lucky streak!
Steve Ballmer is an American businessman and sports team owner who has a net worth of $130 billion. The vast majority of Steve Ballmer's net worth is derived from his 333.3 million shares of Microsoft stock. That is roughly 4% of the total outstanding shares and today Steve is actually the company's largest individual shareholder. Today Bill Gates owns roughly 1.3% of Microsoft.
0:17 elon on top? Are we 12 again?
My man invented the elixr of youth
Why you can't tell, if he deserves it? It is a super easy question to answer.
How did he get the money? Through his work and most importantly through his success within the company.
Did the money come from free market or from some government subsidies? They came from the free market economy.
Then, it is 100% deserved.
Of course, Microsoft was involved in a lot of shady deals with governments, other big tech and even educational institutions, like universities, colleges, etc. where they were pushing their products in use. At least some of these practices were not fair, to say the least. But the same can be said for most big tech today.
From that perspective - maybe part of this success was not acquired in a fair way. And unfortunately, we do not live in a perfect or fair world.
With that said, for the most part he deserved his money, earned it.
And was a huge contributor to Microsoft's success without any doubt.
"This is Steve Ballmer."
Oh, I know him. I've drank and coded with him. Love that Peak.
The Microsoft and Apple cooperation goes back to early 80s, late 70s. Without MS, Apple would have struggled with a lot of key applications, all made by Microsoft.
Steve is the reason microsoft was growing and is in the map
I REALLY APPRECIATE AS THIS IS MY SECOND WITHDRAWAL FOR THE MOUNT SINCE I STARTED A WEEK AGO THANKS #benefitwithhannamacko
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments.
I am excited 😊 my life has totally changed. I have been benefiting $10,250 from my $4,000 investment every 14days
Trading with Garrett patten was never a regret to me, he's the best I've ever seen
I invested with Garrett, i make about a 30,000USD every month.
Same here, a Transformation of £4000 to £15,400 in just 2 weeks, he's really the best
I heard a lot of investing with Mr Garrett patten and how good he is, please how safe are the profit?
a suits reference? hell yeah!
Microsoft was the greatest company on Earth under Steve Ballmer's leadership. Microsoft created productive consumer devices while other companies like Apple and Google only make consumption devices. It's sad Microsoft these days. I contribute to ReactOS because I still can't stand using Android, iOS, macOS, or any Linux distribution.
That was the best low-key advetisement for the bonds app
Not to mention right after XP, Steve pulled money from the Windows team and started Azure. Steve left at the right time, I think the corporation outgrew his management style, but he more than Gates grew the corporation into an overwhelming market leader it still is.
call Balmer lucky but he is very smart guy as well.
No doubt
I would love to know the conversation Bill had with Steve after these goofy conferences like “DEVELOPERS DEVELOPERS DEVELOPERS”. Did Bill ever think, “my goodness we need to get rid of this goon”.
They danced together on stage for launch of windows 95 ua-cam.com/video/lAkuJXGldrM/v-deo.html He knew what he was getting when he made him the CEO
Rather than asking whether Ballmer deserves 112 billion, we can equally well ask if Bill deserved his wealth in his heyday. Or if Bezos deserved in his heyday. Or if Zuckerberg or Musk or even the Walton family deserved their billions.
If no one is asking those questions, I see it mighty unfair to question Ballmer fellow.
The fact that we get free videos on UA-cam by Logically Answered is truly a gift. 👍👍👍
Louise Litt of Microsoft, love it!
From just these few clips, I like the guy already. I want to read more about him.
I don't mind how much these guys earn. They made my childhood by the opportunity to explore Windows 98, XP and 7 and to play amazing games on these systems...
There is an interesting difference portrayed here between Bill Gates and Steve Jobs. Bill Gates resected Ballmer and thus rewarded him into the future, never forgetting what Ballmer did. If Bill Gates had instead been Steve jobs then Ballmer would have been cast aside and forgotten.
remember when he is releseased windows 7 it was a banger under his leadership
I have 4 words for you! "I LOVE THIS COMPANY YES"
He was a total idiot...
His leadership started and encouraged the development azure, which basically makes all their money now, lol. He sunk that cost during his tenure. That was long-term thinking, rather than short-term thinking .
Which is crazy because Tim Cook only owns 0.0021% of Apple and has a net worth of just 2 billion, yet he has given Apple 10,000 times as much value as Ballmer gave Microsoft (sans the Q-DOS heist which put MS on the map). Being in it early can make a huge difference, if you're in it early then even if you're the biggest boob in the biz you can get 100 billion and 8% of a company. But being a logistical and managerial genius who helped put Apple on the map again and helped turn it into a three trillion dollar company only gets you 0.0021% and 2 billion for your life's work. I guess anything over 10 million, let alone over a billion, is enough to set you up for life anyway so I doubt Cook is complaining...
It was Steve Ballmer that the Xbox brand is saved during the height of the RROD 360 days, without him allow 1$billion to fix every RROD 360s, Xbox might be dead sooner
Had to double tap for 10 sec rewind to be sure I heard Balmer is Microsoft's "Louis Litt" 😂
😂
The term "luckiest billionaire" is a non starter from the get go.
Because whatever we think about billionaires in general, and Steve Ballmer in particular... there are plenty of billionaires out there that inherited their wealth from their family without putting ANY effort into it at all.
If he had been the Louis Litt of Microsoft, then Microsoft would have grown 10x during his tenure. 😆
I REALLY APPRECIATE AS THIS IS MY SECOND WITHDRAWAL FOR THE MOUNT SINCE I STARTED A WEEK AGO THANKS #benefitwithhannamacko
Hey Hari, I am Harsh, from India. Bro let me tell you, the type of qualiy content you make here is astonishing bro, it feels like a history tv documentary, literally.😁😁😁😁
All credit to Steve Ballmer. 🎉
He was there at Microsoft at the beginning.
If Balmer did not make that killer deal with IBM using Q DOS, Microsoft is a minor software and hardware company for the next several decades and never gains the success they eventually would get. IBM most likely develops their own DOS, becomes the dominant tech giant even more so then they became, and other companies fill in the gaps that Microsoft would fill in the real timeline.
_Steve destroyed mobile computing for Microsoft. When MS already had a Win Mobile 6.0 on various devices, Win CE for RTOS. Yet because of Steve we see only Android & Linux. VC++ died because of him_
I completely disagree that Windows phone was a failure. They may technology during that era that others still have not matched. The main mistake that was made during the Windows phone development was simply that they did not run Android apps. Steve ballmer actually suggested that maybe they should. So maybe the problem with that no one listened to the people that knew what they were talking about.
I am lucky my mom didn't saw this video😂😂😂
Now that Steve Balmer is wort billions how long before he start financing movies considering he tried writing scripts
Hahaha who knows, he’s been retired for a while though and nothing yet
He wasnt paid that much, he was paid a lot less than that. Stock price has been amazing
"I LoVe ThiS ComPaNieeee!!!"
he basically has my spirit if i was made ceo of a billion dollar company 😂
Damn, these transition animations make my head spinning