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Steve Ballmer—Whose Net Worth Tops $150 Billion—Suspended Entire Year By NBA

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Steve Ballmer—Whose Net Worth Tops 0 Billion—Suspended Entire Year By NBA
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The NBA on Wednesday suspended Los Angeles Clippers owner Steve Ballmer, the ninth-wealthiest person in the world, for a year, handing down a historic ban after finding salary cap rules were violated in deals involving former Clippers star Kawhi Leonard.

Key Facts

Ballmer was suspended for trying to help Leonard “obtain off-court income opportunities” and for “approving a business deal that he knew was a precondition” for Aspiration, a fintech company that signed a $22 million endorsement deal with Leonard, “to enter into an endorsement agreement” with the player.

This is a developing story. Check back for updates.

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