For Steve Ballmer, it’s $1 billion. Ballmer, the sixth richest person in the world, is due to collect that much in dividends from Microsoft in 2024. That means he’ll pay close to $200 million in taxes on the Microsoft dividends he collects. Ballmer isn’t the only one set to earn a lot from owning stocks that pay dividends. That’s because the majority of stocks Berkshire Hathaway invests in pay dividends.

Source: CNN December 27, 2023 22:14 UTC