Former Microsoft CEO Steve Ballmer Is Betting $40M On Facts As Heated Trump-Harris Battle Reaches Peak Crescendo

Benzinga11-05 23:07

Former Microsoft Corporation CEO Steve Ballmer has invested $40 million in USAFacts this year to fortify democracy amid political unrest. What Happened: Ballmer founded USAFacts, a non-profit ...

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Here’s what Americans think you need to be considered wealthy.\nCan you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average?\n\nWhile Ballmer's past videos on YouTube showcase his famously high-energy, animated presentations at Microsoft, his approach with USAFacts is far more reserved.\nIn these videos, Ballmer calmly presents data and speaks over animated charts in a subdued tone for up to 15 minutes at a time.\nHere’s an example: \nDespite the rise of artificial intelligence and the role of social media platforms in spreading misinformation, Ballmer identifies the mobile device as the main distraction for the public, the report noted.\nTrending:  $100K Sitting In A CD Account, Should I Move Money Into The Stock Market?\n\"I won't say it's Facebook or Twitter [now X] or Instagram or TikTok particularly, but they have built upon the usage patterns that make sense for the mobile device,\" he told the publication.\nThe former CEO and owner of the Los Angeles Clippers has also upped his annual funding for USAFacts from $10-20 million to $40 million this year.\nHowever, Ballmer conceded that gauging the impact of his initiative is difficult. While USAFacts has 360,000 newsletter subscribers and his video series has amassed over 45.5 million views, the effect on voters’ decisions remains unclear.\nWhy It Matters: Ballmer’s wealth has been significantly boosted by Microsoft’s AI-driven stock rally. In July, his net worth reached $157.2 billion, making him the sixth-richest person globally. Over 90% of his net worth was tied to Microsoft shares.\nTrending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years – here's how there's an opportunity to invest at $1,000 for only $0.50/share today.\nAt the time of writing, Ballmer was ranked ninth on Bloomberg’s Billionaire Index, preceded by the likes of Elon Musk, Jeff Bezos, Mark Zuckerberg, and Bill Gates.\nMeanwhile, the 2024 U.S. presidential election, scheduled for Nov. 5, 2024, features a significant matchup between Democratic nominee Kamala Harris and Republican nominee Donald Trump.\nThis election is being characterized as pivotal, with both candidates underscoring the stakes for democracy and the future of American society.\nImage via Flickr\nRead Next:\n\nI’m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?\nHow do billionaires pay less in income tax than you? Tax deferring is their number one strategy.\n\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Former Microsoft CEO Steve Ballmer Is Betting $40M On Facts As Heated Trump-Harris Battle Reaches Peak Crescendo originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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