Whereas most hustle for his or her paychecks, Steve Ballmer, the previous CEO of Microsoft, is about to obtain a large $1 billion in 2024. Ballmer, who’s the world’s sixth richest particular person, owns Microsoft inventory and the windfall comes courtesy of the tech large’s current bump in quarterly dividends.
Microsoft boosted its quarterly dividend payout to 75 cents a share, or $3 a share yearly. Ballmer, along with his 4% stake (333.2 million shares as of 2014), will pocket simply shy of $1 billion in dividends subsequent 12 months.
The Home windows-maker’s dividend monitor document has shone brilliant since 2003, making a reduce unlikely. Uncle Sam, nevertheless, will accumulate a hefty share of Ballmer’s examine. Given his hefty revenue, Ballmer faces a 20% tax chunk on dividends, translating to roughly $200 million going straight to the federal government.
This can be ‘excellent news’ for buyers throughout the globe. With Microsoft’s dedication to dividends and the broader market awash in juicy payouts, 2024 may simply be the 12 months to seize a slice of the dividend pie.
Ballmer amongst richest particular person on the earth
Ballmer’s fortune has elevated by an estimated $29 billion this 12 months to about $115 billion. This can be a few billion lower than his former boss Invoice Gates who was in fourth place with $121 billion, in response to the Bloomberg Billionaires Index in October.
Ballmer joined Microsoft in 1980 as Microsoft co-founder’s assistant. He turned Microsoft’s CEO in 2000 and stepped down in 2014. Microsoft paid $2.79 per share in dividends this 12 months, leading to an annual cost of about $930 million to Ballmer, relying on his possession.
Berkshire Hathaway additionally set to realize
Other than Ballmer’s drop within the dividend ocean, Warren Buffett’s Berkshire Hathaway expects a $6 billion dividend haul, due to its numerous portfolio of dividend-paying giants like Chevron, Financial institution of America, and even Coca-Cola.
Microsoft boosted its quarterly dividend payout to 75 cents a share, or $3 a share yearly. Ballmer, along with his 4% stake (333.2 million shares as of 2014), will pocket simply shy of $1 billion in dividends subsequent 12 months.
The Home windows-maker’s dividend monitor document has shone brilliant since 2003, making a reduce unlikely. Uncle Sam, nevertheless, will accumulate a hefty share of Ballmer’s examine. Given his hefty revenue, Ballmer faces a 20% tax chunk on dividends, translating to roughly $200 million going straight to the federal government.
This can be ‘excellent news’ for buyers throughout the globe. With Microsoft’s dedication to dividends and the broader market awash in juicy payouts, 2024 may simply be the 12 months to seize a slice of the dividend pie.
Ballmer amongst richest particular person on the earth
Ballmer’s fortune has elevated by an estimated $29 billion this 12 months to about $115 billion. This can be a few billion lower than his former boss Invoice Gates who was in fourth place with $121 billion, in response to the Bloomberg Billionaires Index in October.
Ballmer joined Microsoft in 1980 as Microsoft co-founder’s assistant. He turned Microsoft’s CEO in 2000 and stepped down in 2014. Microsoft paid $2.79 per share in dividends this 12 months, leading to an annual cost of about $930 million to Ballmer, relying on his possession.
Berkshire Hathaway additionally set to realize
Other than Ballmer’s drop within the dividend ocean, Warren Buffett’s Berkshire Hathaway expects a $6 billion dividend haul, due to its numerous portfolio of dividend-paying giants like Chevron, Financial institution of America, and even Coca-Cola.
