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Microsoft’s Steve Ballmer was once Bill Gates’ assistant, now he’s the 6th richest person in the world. Here are his 5 tips for success

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Former Microsoft CEO Steve Ballmer turns 68 years old today, and the sixth richest person in the world has a lot to celebrate.

With a net worth of about $148 billion, according to the Bloomberg Billionaires Index, Ballmer is now just shy of overtaking his old boss, Microsoft founder Bill Gates, who sits at $154 billion.  

A look back at Ballmer’s illustrious career reveals the secrets behind his success, but it wasn’t always so glamorous. At 24, Ballmer dropped out of Stanford Business School to join Microsoft and Gates, his former Harvard classmate. As the company’s 30th employee, Ballmer netted a base salary of $50,000

The small tech startup quickly became one America’s fastest-growing companies, overtaking the incumbent Apple and dominating the growth of personal computers in the 1990s by developing Windows, an easy-to-use operating system. Ballmer took over for Gates during a key moment of transition, in 2000, managing through the aftermath of a famous antitrust case that dated back to 1998, as well as the aftermath of the dot-com crash and the emergence of fierce competition from rivals both new and old: Google and Apple. 

Ballmer tripled Microsoft’s annual revenue to nearly $78 billion during his tenure, and profits swelled to $22 billion during his last full fiscal year as CEO, but the stock didn’t reflect its dominance. In retrospect, Ballmer set the stage for a stunning comeback in the decades since. Microsoft now ranks 13th on the Fortune 500, while its market capitalization has conquered all others: It’s the most valuable company in the world, at $3.2 trillion. 

Ballmer still holds an estimated 4.5% stake in Microsoft, and has seen its value soar even further, following his successor Satya Nadella’s bet on OpenAI. In 2021, Ballmer became the ninth person in the world to report a net worth of more than $100 billion, and Ballmer is the only centibillionaire to make his fortune as an employee, not as an entrepreneur. 

After thanking employees for the “time of my life” in an emotional farewell presentation in 2014, Ballmer set his sights on other entrepreneurial adventures. The same year, he bought the NBA’s Los Angeles Clippers for $2 billion (Forbes now values the franchise at over $4.5 billion). 

Since leaving Microsoft, Ballmer has leaned heavily into philanthropy. He donated nearly $2 billion to a donor-advised Goldman Sachs Philanthropy fund focused on economic mobility in 2018. More recently, he invested $400 million to support Black-owned businesses in 2022; $43 million in the early childhood education workforce in Washington State last March; and last September he announced a $175 million investment over the next seven years, aimed at helping 4 million young people, especially in communities of color who face systemic inequalities, along the path to economic mobility. 

In one of his final interviews as Microsoft’s CEO in 2013, Ballmer sat down with Fortune to share some of his biggest tips for success. 

  1. Take a look at the big picture

“If the CEO doesn’t see the playing field, nobody else can,” Ballmer said in the 2013 interview with Fortune. “The team may need to see it too, but the CEO really needs to be able to see the entire competitive space.”

Microsoft’s variety of products, like cloud services and personal computing, touch a lot of different markets and competition seems to lurk around every corner. During his stint as CEO, he faced criticism for not adapting quickly enough to changing market trends. Competitors in mobile devices, like Samsung and Nokia, and cloud computing services, like Google and Apple, were on the rise. Microsoft’s stock was stagnating in the years leading to his retirement in 2014. Still, Microsoft’s revenue nearly quadrupled under his watch.

  1. Always look for talent 

While at Microsoft, Ballmer hired some of the biggest names in Silicon Valley, like Steven Sinofksy, who headed Windows; J Allard, who served as chief technology officer of Xbox; and Ray Ozzie, Microsoft’s chief software architect. 

In a 2009 interview with the Wall Street Journal, Ballmer said in order “to be dynamic,” companies should aim to promote internal workers “70% or 80% of the time,” and when a company wants to take on outside hires, they should be “open-minded” and ask for references. 

In interviews for potential new hires, the two biggest qualities he looks for are passion that he “can see in the eyes,” and someone he can relate to. One of his favorite questions to ask is “tell me about something you’re proud of.” 

  1. Always reconsider–that’s how to find the most successful business model 

At Microsoft, the name of Ballmer’s game was rethink, rethink, rethink. 

“There was a day when people said all the money is in software; get out of hardware,” he told Fortune in 2013. Hardware was what Apple and Samsung, Microsoft’s biggest rivals at the time, were also profitable in. In 2013, Apple recorded 170.9 billion in revenue. Google recorded $55.5 billion. “Then somebody will say, ‘oh, it’s all about advertising,’” which is what its rival, Google, was making bank on. 

“The playing field is always changing,” he said, and the sentiment holds true in his current endeavors on the basketball court. 

A decade after buying the Clippers, Ballmer is still thinking creatively about how to revamp the franchise. He’s been signing–and retaining–superstars like Kawhi Leonard, Paul George, and Russell Westbrook to form a quartet of stars in preparation for the Intuit Dome grand opening in August, Forbes reported, the team’s future home court and the setting of the 2026 NBA All-Star weekend.

This month, he launched a new brand, Halo Sports and Entertainment, which will feature the new dome, the LA Clippers, their G-league affiliate team called the Ontario Clippers, and KIA Forum, a music and entertainment arena in Inglewood, which he purchased in 2020

  1. Plan for the short term and long term

“Getting the big things right that make all the money, that’s long cycle,” Ballmer told Fortune in 2013, emphasizing that “really executing in a way that allows you to do it, that’s short cycle.”

One of the long-term projects he’s chipped away at is USAFacts, a database that collects and analyzes how federal, state and local governments generate revenue and spend money. The database also includes reports users can run to gather information on topics ranging from tax rates to rates of overdoses and crime across the country. 

The site brands itself as a “non-partisan, not-for-profit civic initiative,” with no “political agenda or commercial motive.”

  1. Know where you fall short 

“I obviously understand the business stuff better than the technology stuff,” Ballmer concluded in the 2013 interview, but adding, “I’ve grown, and when you grow, you say, ‘Wow, I didn’t know what I didn’t know.’”

One joke theory related to his limitations has cropped up: it’s what Urban Dictionary calls the Ballmer Peak, or the “theory that computer programmers obtain quasi-magical, superhuman coding ability when they have a blood alcohol concentration percentage between 0.129% and 0.138%.” The theory is loosely tied to Ballmer—but has inspired a San Francisco organization, Originate, to organize a Ballmer Peak-A-Thon: an open bar event where people have “5 hours to find the elusive Ballmer peak, and build the best worst business possible.” The bar provides “plenty of sill domain names” to kick off the party.



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Paris Olympics lift off with extravagant opening ceremony

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The Paris Olympics kicked off with an extravagant opening ceremony on Friday night when an armada of boats carried 10,500 athletes along the Seine — the first outdoor version of the spectacle that was expected to be watched by a billion people.

Earlier, a shadow was cast over the event by an act of criminal sabotage that hit France’s high-speed rail network in the early hours of the morning causing nationwide transport chaos. Heavy rain then began to fall about 30 minutes into the three-hour show, a nightmare scenario for the planners of the theatrical performance that featured a massive cast of dancers, two orchestras and a clutch of pop stars, including Lady Gaga doing a cabaret-tinged song.

Before the ceremony, interior minister Gérald Darmanin said: “We are ready for this magnificent event,” adding that no specific threats had been detected. The railway sabotage would “not have direct consequence on the Olympics or the ceremony”. 

Lady Gaga performs the opening number on the riverbank © Sina Schuldt/dpa

By mid-afternoon long queues had formed for ticket holders to get into the highly secured perimeter along the Seine river where 320,000 spectators were expected along the medieval-era cobblestone quays. The format of the event required heavy security: 45,000 police were deployed on the ground and in the air, using helicopters, drones and snipers positioned on roofs. 

The weather also tested the dozens of experienced ship captains powering the parade, who navigated at precisely the right speed to keep the show on line. Some spectators fled the quays for cover as rain poured down.

President Emmanuel Macron hosted more than 100 heads of state at Trocadero plaza across the river from the Eiffel tower where the athletes disembarked for a final parade and a performance by francophone favourite Céline Dion. Jill Biden, wife of the US president, and other leaders attended a reception at the Elysée palace beforehand. 

Map showing the route of the boat parade along the Seine river for the opening ceremony of the Paris Olympics

The idea for such an ambitious opening was the brainchild of one man, Thierry Reboul, an event specialist known for punchy marketing stunts, but pulling it off it needed more than 15,000 performers, technicians and firework specialists.

The performance featured ballet dancers on the roof of the Louvre, while hundreds of modern dancers and breakdancers performed along the quays and on some of the boats. Performers were clad in handmade outfits stitched by French couturiers, and LVMH’s Louis Vuitton trunk suitcases were prominently displayed in a lengthy segment. Bernard Arnault’s LVMH was an Olympics sponsor.

Organisers had to scale back some elements, such as BMX riders set to do tricks on a ramp because rain made it too slippery.

Floriane Issert, wearing the Flag of the International Olympic Committee (IOC), is seen on a Metal Horse on the River Seine during the opening ceremony © Getty Images

When Reboul pitched the idea for the river ceremony to Tony Estanguet, head of the Paris organising committee, the two-time gold medal winner reacted with stupor that quickly became enthusiasm. “It will be ambitious, audacious and totally crazy,” said Estanguet, recalling the moment. 

Reboul said the idea came to him on a walk along the Seine, the snaking river whose banks were chosen by a Gallic tribe called the Parisii to found a settlement about two thousands years ago. He told himself: “It should be here, of course it should be here, and nowhere else.”

The organisers hired Thomas Jolly, a 42-year-old theatre director known for a musical called Starmania, who started imagining how to convey the spirit of France from literature and culture to history. “I’m used to designing performances on a stage, and this time the entire city was my canvas,” he told reporters earlier this week. 

Zinedine Zidane, former French football player and manager, hands the Olympic Torch to Spanish tennis player Rafael Nadal © Getty Images

Jolly hired a team he has long worked with — a musical director, choreographer and a costume designer, all renowned in their fields — and also included author Leila Slimani, scriptwriter Fanny Herrero, who created the show Call My Agent!, and others to help him write the 12 tableaux that make up the ceremony.

Before they started writing, they took long walks along the Seine for inspiration and researched the history of its bridges, such as the oldest, Pont Neuf, finished under King Henry IV in 1607, and the Pont d’Austerlitz, commissioned by Napoleon Bonaparte, from which the parade will begin.

“We drew on the past of each site and monuments: almost each stone tells something about our history of France, of the history of Paris, a history which is connected to the world,” he said. 

But Jolly and Estanguet did not want the theatrics to overshadow the athletes, instead putting them at the centre of it by giving them the best spots to view the show — the decks of the boats on the river. 

“The athletes are the heroes of the show,” said Estanguet.

Although officials remained vague about the price, French media reported that the ceremony cost about €120mn, roughly four times that of the opener of the London 2012 Games. The overall cost for the Paris Games, which was pitched as a greener edition because little new infrastructure was built, is expected to reach €9-10bn, according to the national auditor. About one-third of that will be paid for by sponsors.

Jolly’s show was filled with memorable, kitschy moments: a hooded figure leaping across the zinc roofs of Paris, drag queens dancing to electro, beheaded royals of the French revolution set against heavy metal music, and a silver horse with an armour-clad rider gliding down the Seine.

Céline Dion closes the show with Edith Piaf’s ‘Hymne à l’amour’ © POOL/Olympic Broadcasting Services/AFP via Getty Images

Cheers rose when France’s beloved footballer Zinedine Zidane passed the torch to tennis champion Rafel Nadal.

The spectacle climaxed with an elaborate light show beaming out from the Tour Eiffel before a final flame relay to the Louvre led to a hot air balloon ascending into the night sky bearing a fiery Olympic cauldron.

Framed by the Eiffel tower, Canadian singer Céline Dion, in her first performance in years because of illness and wearing a white, beaded dress featuring 500m of fringe custom made by Dior, belted out Edith Piaf’s Hymne à l’amour.

“I declare the Paris games open,” said Macron.

Additional reporting by Adrienne Klasa



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How to watch, stream the Opening Ceremonies of the Paris Olympics live online free without cable

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On the heels of low ratings for the coronavirus pandemic-marred Tokyo and Beijing OlympicsParis may not do much better among U.S. viewers, a poll from Gallup released Thursday found.

Simone Biles and women’s gymnastics are poised to be a bright spot, with those surveyed selecting it as their most anticipated sport.

But according to the poll, 30% of respondents said they will not watch any of the Games, 34% said they will not watch much and 35% said they would watch at least a fair amount. That last figure is down from the 48% measured before the 2016 Olympics in Rio de Janeiro. Gallup did not measure viewing intentions for the Tokyo Olympics, which were delayed a year.

NBC’s prime-time coverage of the Tokyo Olympics mostly drew about half the audience of its Summer Games predecessor. The Beijing Olympics had the lowest-ever U.S. audience for a Winter Games. Both Games were held under severe restrictions, limiting spectators and dampening the typical fanfare. NBC, which holds the U.S. broadcasting rights through 2032, is trying to turn around that trend by enlisting a slew of entertainers and non-Olympian athletes in its coverage.

The last three Olympics, including the 2018 Pyeongchang Games, were held in time zones that limited how much live action NBC could air in prime time.

The network did not immediately respond to The Associated Press’ request for comment on the poll. Biles and the rest of the U.S. gymnastics squad could bring in high ratings, though, with Gallup finding in general that women’s sports were as anticipated as men’s. Forty-two percent chose women’s gymnastics as their most anticipated sport, while around two-thirds of respondents ranked it in their top three. That competition begins with qualifying on Sunday.

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