Steve Ballmer, the former CEO of Microsoft, is anticipated to receive $1 billion in passive income from the company in 2024. This substantial payout is a result of Ballmer’s considerable ownership of Microsoft shares, prompting the company to increase dividends for its shareholders. Ballmer may encounter an approximate $200 million tax liability based on his previous reported income to the IRS.
This substantial sum is attributed to Microsoft’s decision to enhance dividends for its shareholders. With ownership of approximately 333.2 million shares, equivalent to 4% ownership of the company, Ballmer is entitled to a portion of the company’s profits as dividends, regardless of Microsoft’s market performance.
Have you read?
The 21st Century’s Biggest Financial Frauds and Controversies.
The World’s Most Valuable Unicorns, 2023.
The World’s Top 10 Highest-Paid Wealth Management Executives.
CEO compensation: Highest paid chief executive officers in the United States in 2022.
Highly-Paid Entertainment Chief Executives (Averaged $31.66 Million), 2022.
Highest paid health insurance CEOs.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
