Bloomberg billionaires editor Matty
Miller is joining me right now to
discuss what passions some of the
biggest billionaires have outside the
office I mean this is interesting right
because I asked him where you gonna say
he says definitely gonna be courtside
and I think that we can anticipate
seeing a lot of cheering from Steve
Ballmer he'll probably rival Mark Cuban
on that front mat I bet he actually
sweats through his shirts every single
night as a member of the coaching staff
sweating as hard as that I mean he's
he's gonna be going crazy and a lot of
billionaires like to do that and and and
one of the most interesting things about
Steve Ballmer in the way he's financing
this deal is he's probably borrowing
against his microsoft shares or using
Microsoft dividends in order to pay for
the Clippers and it's a huge premium
that they're both doing a lot of
billionaires are actually able to do
that and use sort of leverage their big
stakes and huge assets in order to have
a lot of fun so you know he talked about
the importance of civic duty he's very
involved his wife is very involved in
some children's programs there in
Washington he also is very outspoken
about the need for gun control so that's
a passion of his basketball obviously is
going to be a big part of his daily life
we've seen other billionaires really
start to devote themselves to causes and
hobbies I mean you think about Larry
Ellison for example and America's Got
America's Cubs dumped hundreds of
millions of dollars he's got Oracle
shares there's about three or four
billion dollars loans against his Oracle
shares in order to fund his passions
America's Cup he's dumped hundreds of
millions of dollars into it
he owns samurai weaponry and armor which
he collects at his house he owns lots of
real estate from Malibu to Newport Rhode
Island to Lake Tahoe he's dumping it the
things into that he cares about a lot of
so most billionaires they make their
money and they work until they die
well some billionaires have discovered
that they actually have to go out and do
passionate causes like Bill Gates and
philanthropy but Larry Ellison in the
fun hobby Paul Allen Paul Allen also a
guy loves to have some fun he has some
sports franchise and if you look at
Steve Ballmer he's actually made the
assets that Paul Allen owns a lot more
valuable if you look at the Seattle
Seahawks the Portland Trailblazers are
both are worth more now that Ballmer's
paid so much for the clip you think
about some of these guys and they have
to be incredibly high charged incredibly
driven to events as successful as they
have been so how do you suddenly like
scale back and say I'm
retire now well I actually I don't think
that's skee-ball we're getting involved
with the Clippers is a full-time job and
he's going to take as much passion
towards that as you can see in the video
as he did with Mike that's absolutely
what I'd say I mean I think it's in part
their personality type and so he'll
he'll be pretty driven to make that team
successful just as he was driven in his
own corporate business life