Steve Ballmer is the former CEO Microsoft, who led the company as CEO from 2000-2014. He may not be remembered as a prominent president, but during his years at the giant, he amassed 333.2 million shares of Microsoft stock — the amount he owned in 2014, according to CNN.
Steve Ballmer will get a billion dollars for nothing
That means Ballmer has the equivalent of 4%. Shares in one of the world's largest technology companies. Thanks to this, he is on the 5th place in the list of the richest people and his fortune is currently about 131 billion USD. Thus, Ballmer is richer than, for example, Facebook founder Mark Zuckerberg ($128 billion) or Google founders Sergey Brin and Larry Page.
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However, importantly, Possession Microsoft shares This also means that Steve Ballmer gets paid every time the company pays out dividends to shareholders.. To clarify, stockholders receive it regardless of how the company performs on the stock market – until the company decides to pay it. Microsoft traditionally pays a dividend and in 2024 the quarterly amount has increased to 75 cents per share, or 3 dollars. per share per year.
As a result, according to CNN's estimates, Ballmer will not have to do anything and will likely receive $1 billion. Dividends for owning Microsoft shares. Of course, he will have to pay taxes on it – according to the website, it will probably be 20%, or about 200 million dollars.
Ballmer did not comment on these reports. However, it should be noted that he is not a record holder in this respect. Warren Buffett's Berkshire Hathaway investment fund is expected to raise about $6 billion next year. Thanks to dividends, including shares of Apple, Chevron and Coca-Cola.
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