Many analysts felt like Steve Ballmer overpaid for the Los Angeles Clippers last May, when he struck a winning bid of $2 billion to become the franchise's new owner. But with a reported net worth of over $21 billion, the former Microsoft CEO had plenty of cash to spare.
The billionaire proved it Friday, when he took to his Twitter account to reveal that he purchased a 4 percent stake in Twitter over the past few months, crediting the social media giant's CEO Jack Dorsey for his decision to buy in.
Good job @twitter,@twittermoments innovation, @jack Ceo, leaner, more focused. Glad I bought 4% past few months. Like @alwaleedbinT move too
— Steve Ballmer (@Steven_Ballmer) October 16, 2015
To confirm that his Twitter account wasn't hacked, Ballmer sent a confirmation email about his investment to Bloomberg.
The last mention of Ballmer's tweet was in reference to Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who increased his own stake in Twitter to 5.2 percent earlier this month, as reported by USA Today.
The news of Ballmer's investment comes after Dorsey (pictured below) announced earlier this month that he's shedding his 'interim CEO' title to become the permanent CEO of Twitter.
While the social media platform is trying to spark new growth, it did announce plans earlier this week to slash 8 percent of its workforce in an effort to reassess.
Ballmer's presence, though, seems to have had immediate effects in helping the company grow.
According to USA Today, Twitter shares increased by 5 percent once Ballmer's tweet about his stake in the company was verified to be authentic and actually coming from him.
