San Francisco: Former Microsoft CEO Steve Ballmer, who’s presently the sixth richest particular person globally, is ready to gather a staggering $1 billion (practically Rs 8,323 crore) in annual dividend funds from the tech big in 2024.
This comes after Microsoft’s choice to extend its quarterly dividend to 75 cents per share, amounting to $3 per share yearly, reviews CNN.
Ballmer owns about 4 per cent of the corporate, equal to 333.2 million shares.
His vital stake has elevated in worth to roughly $130 billion, representing a $44 billion enhance in wealth this 12 months alone, as a result of a spectacular 56 per cent enhance in Microsoft’s inventory value.
In October, Ballmer was ranked because the world’s fifth-richest particular person on the Bloomberg Billionaires Index.
Ballmer’s fortune has elevated by an estimated $29 billion this 12 months to about $115 billion, trailing his boss Invoice Gates — who was in fourth place with $121 billion, reviews Insider.
Ballmer joined Microsoft in 1980 as Microsoft co-founder’s assistant, nevertheless, he was extra of a enterprise supervisor than a private assistant. He turned Microsoft’s CEO in 2000 and stepped down in 2014.
The tech big 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.
