Jack Dorsey might be the CEO of Twitter for a second time, but he still has less voting interest than former Microsoft CEO Steve Ballmer.
The former Microsoft CEO owns a 4% stake in Twitter, valued at approximately $800 million.
Ballmer, who is worth an estimated $21.5 billion, shocked many people last week when he announced his considerable holdings in Twitter.
Only co-founder Evan Williams and Saudi billionaire Prince Alwaleed bin Talal have greater stakes among individual investors. Twitter CEO Dorsey holds a 3.2 percent stake. Williams is the largest individual shareholder with about 7.5 percent, followed by Alwaleed with about 5.2 percent.
Shares at Twitter rose on Friday by 5.6 percent to $31.34.
Ballmer said he invested in Twitter because of its new ‘Moments’ feature which curates the best tweets of the day.
“Good job @twitter, @twittermoments innovation, @jack Ceo, leaner, more focused,” the tweet said. “Glad I bought 4% past few months.”
I probably wouldn’t put too much stock into Ballmer’s tech decisions. Microsoft crumbles in many areas of technology under his leadership and his famously laughed at Apple when it announced the first iPhone.
Jack Dorsey has promised to revive growth and retention numbers at Twitter. Some analysts have questioned his ability to fully run the company now that his second corporation, Square, has filed for its initial public offering (IPO).