I lost ₹565 crore, feel silly: Ex-Microsoft CEO Ballmer on being duped by startup founder
Mansi Agarwal, Published on Apr 25th, 2026

Microsoft ex-CEO Steve Ballmer said he was duped by a fintech startup founder, who pleaded guilty to fraud last year, and that he "felt silly". In a letter to a judge, he said he lost his entire $60 million (₹565 crore) investment in Aspiration Partners, founded by Joseph Sanberg. Sanberg allegedly used fake documents to hide the company's financial condition.
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