One of the world’s most exclusive clubs just got a new member, with a second aspirant knocking on the door. Steve Ballmer, the former chief executive officer of Microsoft Corp, has a net worth of more than US$100bil (RM418.15bil), making him the ninth person in the world to reach that lofty plateau. A rally in tech shares has fuelled the latest surge in wealth, with seven of those above the US$100bil (RM418.15bil) mark deriving their fortunes from technology companies. While the stock rally has boosted the fortunes of the world’s richest, it’s also renewed scrutiny of wealth inequality and taxes. Propublica, which cited Internal Revenue Service documents, said a spokesperson for Ballmer declined to answer specific questions.

Source: The Star July 09, 2021 00:56 UTC