Overview
Michael Saul Dell is the Founder, Chairman, and CEO of Dell Technologies, which he established in 1984 with $1,000 in his dorm room at the University of Texas. As of March 2024, he is the world's 10th-richest person with a net worth of $124 billion. Significant portions of his wealth are derived from his 50% stake in Dell and 40% stake in VMware, and investments managed by his family office, DFO Management.
Professional Experience
Dell Technologies
- Michael Dell founded Dell Technologies in January 1984, initially named "PC's Limited."
- In 1992, he became the youngest CEO of a top 500 company listed by Fortune.
- Dell took the company private in 2013 in a $24.4 billion buyout, only to take it public again in December 2018.
- Dell Technologies merged with EMC Corporation in 2016 in a deal valued at $67 billion.
- Dell's cloud software arm, VMware, was spun off in 2021 and acquired by Broadcom in 2023 for $69 billion, contributing significantly to his current net worth.
Notable Achievements & Roles
- Accolades: Recognized as "Entrepreneur of the Year" by Inc. magazine, "Top CEO in American Business" by Worth magazine, among others.
- Philanthropy: Co-founder of the Michael & Susan Dell Foundation, focusing on child poverty and education, with donations topping $3 billion.
- Board and Council Memberships: Serves on the World Economic Forum's Foundation Board, the U.S. Business Council, and others.
Personal Life And Education
- Born on February 23, 1965, in Houston, Texas.
- Attended the University of Texas at Austin, majoring in pre-med before dropping out to focus on his business.
- Married to Susan Lynn Lieberman since 1989, with whom he has four children. They reside in Austin, Texas.
Financial Assets and Investments
- Chairman and CEO of Dell Technologies, a leading global technology infrastructure company.
- Major investments managed through DFO Management include stakes in various enterprises such as hotels and corporate credits.
- Owns significant assets including the Four Seasons Maui and partial stakes in Applebees, IHOP, and Calvin Klein.
Net Worth
- As of September 11, 2024, Michael Dell's net worth is estimated at $94.5 billion, ranking him #17 in the world.
- His wealth has seen significant growth, particularly notable in 2024 due to a remarkable earnings report from Dell, Inc., which raised his net worth by $13.7 billion in a single trading day.
Recent Activities and Insights
- Public Engagements: Active on LinkedIn with posts highlighting his engagements within Dell Technologies and broader industry insights.
Latest LinkedIn Activity:
- Oct 30, 2023: Posted images related to Dell Technologies.
- Jun 20, 2024: Discussed connecting with Dell Technologies teams in Hopkinton.
Publications:
- Authored two books: "Direct from Dell: Strategies That Revolutionized an Industry” and “Play Nice But Win: A CEO's Journey from Founder to Leader”.
Michael Dell’s story is inspirational for its humble beginnings and strategic decisions that have positioned Dell Technologies as a global leader in the tech industry. His sustained commitment to innovation and direct engagement with customers reflect a strong foundation for potential sales approaches.
