will pay its former CEO PLN 1 billion in 2024, reports . Steve Ballmer managed the company from 2000 to 2014 and although he no longer works there, he owns 333 million shares of the company, i.e. 4%. shares in the company. For this reason, he will receive a dividend in the mentioned amount just for owning them.
Steve Ballmer will get $1 billion and he didn’t work
Microsoft itself helped him obtain such a gigantic passive income. It increased the quarterly dividend to 75 cents per share, or $3 per share per year. Of course, it can always withdraw from it, but recent trends show that the company has been increasing the value of dividends since 2003 rather than withdrawing from them.
CNN describes that Ballmer will probably have to pay as much as 20% due to his wealth. tax on the income received from dividends. It is paid by people with incomes over $500,000 a year. This means that almost $200 million of the billion will be withheld from Ballmer for taxes.
Who is Steve Ballmer?
Steve Ballmer is one of the richest people in the world. According to the “a” ranking, he is the tenth richest person in the world with a fortune of over $80 billion. When he worked at Microsoft, he was a close colleague of . In 2014, he left and bought the NBA basketball team Los Angeles Clippers for $2 billion. Forbes currently values this team at $4.65 billion. Ballmer graduated from Harvard University with a degree in mathematics and economics.
Source: Gazeta
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