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Ex-Microsoft CEO to receive $1 billion in annual dividends as largest individual shareholder

By LAWSTREET NEWS NETWORK      29 December, 2023 04:51 PM      0 Comments
Ex-Microsoft CEO to Receive $1 Billion in Annual Dividends as Largest Individual Shareholder

United States: Former Microsoft CEO Steve Ballmer is set to collect a staggering $1 billion in annual dividend payments from the tech giant in 2024.

This comes after Microsoft's decision to increase its quarterly dividend to 75 cents per share, amounting to $3 per share annually, reports CNN.

As per his income levels, Ballmer will be paying 20% tax on the dividend earnings due to be received in FY23. The total tax on dividend amounts to $200 million.

Ballmer is the single largest individual shareholder in Microsoft. As per his last financial disclosure in 2014, Ballmer held 333.2 million shares of Microsoft, amounting to nearly 4% stake in the company, according to a Business Insider report.

Steve Ballmer joined Microsoft in 1980 and rose up to the rank of CEO in 2000. He was one of the trusted associates of Microsoft co-founder Bill Gates.



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Ex-Microsoft CEO to receive $1 billion in annual dividends as largest individual shareholder Ex-Microsoft CEO to receive $1 billion in annual dividends as largest individual shareholder

Ex-Microsoft CEO Steve Ballmer to receive $1 billion in annual dividends from his 4% stake in the company, following a dividend increase. Ballmer, who joined Microsoft in 1980 and became CEO in 2000, will pay a 20% tax on these earnings.

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