Why did Steve Ballmer get a billion dollars from Microsoft?

Being able to live on passive income is a dream for many people. For the former Microsoft president Steve Ballmer However, passive income is his main source of income. Receive one from Microsoft Billion dollars annually Of profits.

Ballmer is the sixth richest person in the world and his net worth is estimated at $112 billion estimated. After next year, the 67-year-old should become richer again – provided he lives frugally and his companies and other securities do not cause him any losses.

333.2 million shares of Microsoft stock

Ballmer last revealed his ownership in 2014, when he revealed that he owned 333.2 million Microsoft shares. That's about 4 percent of the company. In the 2024 tax year alone, this would bring him nearly $1 billion – that is No matter how the stock develops.

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Microsoft has been paying dividends to its shareholders since 2003. This was in fiscal year 2023 $3 per share annually. While Microsoft's board could cut these dividend payments, this has never happened in the past 20 years.

20 percent goes to the state

However, Steve Ballmer is not the only one benefiting from his Microsoft shares. The state is moving 20 percent tax On stock gains of more than $500,000, which means Ballmer gets roughly $200 million less. He will definitely overcome it.

Palmer's current passion is basketball. When he left the CEO position at Microsoft in 2014, he purchased the NBA team Los Angeles Clippers For 2 billion dollars. Since then, his performances have delighted not only the IT world, but the basketball fans on the court.