Steve Balmer to Receive $1 Billion from Microsoft

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.

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