Steve Ballmer Falls From World's No. 9 To No. 14 Richest As Microsoft Plummets On Slowed Cloud Growth

ToplineFormer Microsoft CEO Steve Ballmer’s net worth was cut by more than $14 billion on Thursday as the company’s stock plummeted, pacing what would be the tech giant’s worst single-day loss in nearly six years after revenue from its cloud-computing unit failed to grow as expected. Revenue from the company’s cloud computing unit failed to meet analysts’ expectations. Getty ImagesKey FactsShares of Microsoft plunged by 12% to around $423.50 as of 12:55 p.m EST, the largest intraday loss for the stock since ...