Michael Dell net worth
Current Net Worth – $53.4 Billion (USD – 5,340 Crores), (Rupees – 4.14 Crores)
Michael Dell short biography
| Net Worth | $53.4 Billion |
|---|---|
| Born | February 23, 1965 (Age – 56) |
| Identified as | Founder of MSD Capital, Founder of Dell Technologies Inc. |
| Status | American Businessman & Philanthropist |
| Education | The University of Texas at Austin, (Drop Out) |
| Nationality | United States |
| Residence | Austin, Texas |
| Spousal status | Married [(Susan Lynn Lieberman – M. – 1989)] |
| Children | 4 |
Michael Saul Dell has a net worth of $53.4 Billion (Rupees – 4,14.370 Crores), making him one of the richest men in the world among David Thomson, Robin Zeng, and Ma Huateng.
He is the chairman and CEO of Dell Technologies, which was created in 2016 when Dell and EMC combined to become Dell Technologies.
He is a multibillionaire businessman and philanthropist from the United States.
His residual fortune, estimated to be worth $10 billion, is invested in various businesses and managed by MSD Capital, which bears his initials.
In 2011, his 243 million Dell stock shares were worth $3.5 billion, giving him a 12.5% stake in the firm.
According to the Bloomberg Billionaires Index, with a net worth of $51.7 billion as of April 17, 2021, he is the world’s 25th richest person.
Amazing Fact:
The $60 billion Dell-EMC deal, which was completed in 2016, was the world’s biggest technological transaction.
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Michael Dell biography
| Full Name | Michael Saul Dell |
| Birthplace | Houston, Texas, U.S. |
| Height | 5.9 feet, 179 cm |
| Weight | 75 Kg |
| Father | Alexander Dell |
| Mother | Lorraine Charlotte Dell |
Dell was born in Houston on February 23, 1965, to a Jewish family whose surname commemorates the family’s immigration to the United States.
Lorraine Charlotte, a stockbroker, and Alexander Dell, an orthodontist, were his parents.
Dell’s parents wanted him to be a doctor, so he enrolled in pre-med at the University of Texas in 1983 to appease them.
Dell worked as a summer subscription salesman for the Houston Post while attending Memorial High School in Houston.
His social media handles:
Education
Michael Dell went to Houston’s Herod Elementary School. He went on to Memorial High School after that.
He sought to take a high school equivalency exam at the age of eight to have a head start in business.
Dell got his first calculator when he was seven years old, and in junior high, he came across an early teletype terminal.
He received his first computer, an Apple II, at the age of 15, after playing with computers at Radio Shack. He quickly disassembled it to discover how it worked.
Career
Dell began investing his money from part-time employment in equities and precious metals while he was in his early teens.
At the age of 12, he began work as a dishwasher and was rapidly promoted to maitre d’.
Dell made $18,000 that summer by learning to target certain demographics for newspaper subscriptions rather than making cold calls.
Dell dropped out of the University of Texas at the age of 19 after hiring many workers and generating a gross profit of almost $200,000 in his first year of the company.
Dell registered his firm as “PC’s Limited” in January 1984.
Dell renamed the firm “Dell Computer Corporation” and relocated to a North Austin business complex in May.
He became the youngest CEO of a business included in Fortune magazine’s top 500 corporations in 1992, at the age of 27. Dell began selling PCs via the Internet in 1996.
Dell Inc. quickly claimed dell.com revenues of around $1 million per day.
In January 2013, it was revealed that he had made a $24.4 billion proposal to take Dell Inc. private, the largest management buyout since the Great Recession.
Dell Inc. became a private company in October of 2013.
Dell’s money is mostly invested in his private investment business MSD Capital, which owns hotels and restaurants.
In December 2018, the firm went public for the second time.
Private & early life
Dell married Susan Lieberman in Austin, Texas, on October 28, 1989, and the pair has four children there.
Awards
Inc. magazine named Dell “Entrepreneur of the Year,” Worth magazine named him “Top CEO in American Business,” and Financial World, Industry Week.
Chief Executive magazines named him “CEO of the Year.”
In 2002, the University of Limerick awarded Dell an honorary doctorate in economic science in recognition of his investment in Ireland and the local community, as well as his support for educational projects.
Dell also earned the American Academy of Achievement’s Golden Plate Award in 1998 and the Franklin Institute’s Bower Award for Business Leadership in 2013.
Philanthropy
Michael and Susan Dell founded the Michael and Susan Dell Foundation in 1999, which focuses on grants, urban education, children’s health, and family economic stability, among other issues.
The foundation has invested more than $650 million in children’s issues and community activities in the United States, India, and South Africa in 2011.
The Michael and Susan Dell Foundation pledged $50 million in support of medical education in 2012.
Dell, a Houston native, contributed $36 million to relief efforts in the aftermath of Hurricane Harvey in 2017.
Net worth statistics
- October 2016 – $20.0 B
- March 2017 – $20.4 B
- October 2017 – $23.2 B
- March 2018 – $22.7 B
- October 2018 – $27.6 B
- March 2019 – $34.3 B
- October 2019 – $32.3 B
- April 2020 – $22.9 B
- September 2020 – $35.6 B
- April 2021 – $45.1 B
- April 2022 – $55.1 B
Michael Dell Quote
“Regrets are born of paths never taken.”
– Michael Dell
