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Ex-Microsoft CEO Steve Ballmer to earn $1bn annually doing nothing

Shortpedia

Content Team
Image Credit: newsbyte

Steve Ballmer, former Microsoft CEO and currently the world's sixth richest person, is on track to receive almost $1 billion (Rs. 8,323 crore) in dividends from the tech behemoth in 2024. This comes after Microsoft's decision to raise its quarterly dividend to 75 cents per share, amounting to $3 per share annually. As of 2014, Ballmer held 333.2 million Microsoft shares, equivalent to a 4% stake, and has not made any changes to his holdings since then.