Former CEO Steve Ballmer will get $1 billion from Microsoft without doing anything, know why the company was so kind to him

The income of former Microsoft CEO Steve Ballmer is surprising. According to a report, his income is 1 billion dollars. In such a situation, a question arises in the minds of many people that why Microsoft gives so much income. Today we will tell you through this article how Steve gets so much income.

Steve Balis is one of the giveinvestors of Microsoft. He holds 333.2 shares of the company i.e. he owns 4 percent of the company. Due to his 4 per cent stake in the company, he gets a fixed amount as a dividend. Microsoft has announced give dividend in the year 2023. Through this dividend, Steve's income reached approximately 1 billion dollars.

According to a report, the amount of dividends given by the company seems less but the company has been giving dividends since 2003. They have to pay tax on the income earned through this dividend. He may have to pay up to $200 million in taxes on that dividend income. Income of Rs 500,000 or more is taxed at up to 20 per cent.

Steve Ballmer is an American business executive. He was working as the Chief Executive Officer of Microsoft from the year 2000 to the year 2014. He has graduated in Mathematics and Economics. He left his studies in 1980 and joined Microsoft. He became the CEO of Microsoft in the year 2000. During his tenure, he has launched many products like Windows XP, Xbox and Zune. He resigned from the post of CEO in 2014.

After leaving Microsoft, he started investing. He was the co-founder of the Ballmer Group.