Former Microsoft CEO Steve Ballmer came close to selling his entire stake in the company around 2015 or 2016, after his departure, before two people on his team made the case to keep his stock.

Steve Ballmer said letting go of Microsoft emotionally took a year but was the right move. He nearly sold all his Microsoft stocks to detach, but stayed loyal after a colleague's advice.

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The change lowered his net worth by 30%, sending him seven places down Bloomberg's rich list. Gates now sits in 12th place, behind his former assistant, Steve Ballmer, in fifth.

During his 34-year Microsoft tenure discussion, Ballmer explained during a recent Acquired podcast appearance that Microsoft’s fundamental miscalculation with its mobile strategy.

Former Microsoft CEO Steve Ballmer came close to selling his entire stake in the company around 2015 or 2016, after his departure, before two people on his team made the case to keep his stock.