It has been recently announced that Steve Ballmer, who is famously known for being the former CEO of Microsoft, is expected to receive an impressive and lucrative passive income of approximately $1 billion in the year 2024 from Microsoft.
This incredible amount of money is primarily due to Ballmer’s remarkable and substantial ownership of Microsoft shares, which has been reported to be around 333.2 million shares or a remarkable 4% of Microsoft’s entire company. The decision by Microsoft to increase their dividends has been a significant contributing factor to the impressive amount of passive income that Ballmer will be receiving.
Despite the exceptional amount of money, Ballmer will have to pay an estimated amount of $200 million in taxes, as reported by the IRS based on his prior income, which can be considered a significant and expected amount for someone of Ballmer’s net worth and income level.
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Here Hinditaza‘a author provide information about How Former Microsoft CEO Steve ballmer set to Earn $1 Billion a year doing nothing.