Latest News

From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company

0

From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company By Benzinga

Breaking News

‘;

Stock Markets

Published Feb 11, 2024 15:40
Updated Feb 11, 2024 17:10

© Reuters. From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company

Benzinga – by Bibhu Pattnaik, Benzinga Staff Writer.

Among American billionaires, a distinguished few have attained their status not by establishing companies or inheriting wealth but by climbing the ranks.

Among the 760 billionaires in the U.S., Forbes spotlighted just 26 individuals who carved out their wealth by working within the system, including notable figures such as Apple‘s Tim Cook, JPMorgan‘s Jamie Dimon, and former Microsoft CEO Steve Ballmer.

According to the Forbes report, this exclusive cadre of billionaires amassed their fortunes through various means, from working as early employees or executives at major tech firms to navigating the upper echelons of hedge funds, private equity firms and investment banks.

Leading the charge is Ballmer, whose $122.7 billion fortune, mainly stemming from his nearly 4% stake in Microsoft, places him just behind the company’s co-founder Bill Gates in wealth. Ballmer’s journey from being Gates’ assistant in 1980 to becoming CEO of the tech giant is a testament to the potential for employees to rise to the top.

Also Read: Billionaires’ Paradise: New York Tops The List Of 16 Cities Housing The World’s Richest

Other tech luminaries on Forbes’ list include Cook ($2.1 billion), former Google CEO Eric Schmidt ($21 billion), Microsoft’s former chief software architect Charles Simonyi ($7.3 billion) and former Facebook vice-president Jeff Rothschild ($5.7 billion).

The list also features key players in the finance sector, from Veritas Capital CEO Ramzi Musallam ($9 billion) to Dimon ($2 billion).

While the path to billionaire status is more commonly paved by entrepreneurship or inheritance, these individuals exemplify the rare but possible journey to immense wealth through corporate achievement and strategic career navigation.

Now Read: Billionaires Rally Behind Bill Gates’ Call For Wealth Tax In Unprecedented Show Of Unity: ‘We Ask You To Tax Us’

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information

© 2007-2024 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

King Charles attends church in first public outing since cancer diagnosis announced

Previous article

5 big analyst AI moves: Arm impresses; key year for Baidu; Gemini Ultra hype

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News