Michael Dell Net Worth

Net Worth Details

Michael Dell is an American business executive and technology entrepreneur who has a net worth of $52 billion. Dell dropped out of college and abandoned his unfinished medical degree to start a computer repair business that would prove to be extremely profitable. This $1,000 venture eventually grew into Dell, Inc. Today Dell is a publicly traded company that generates over $90 billion per year in revenue. Michael owns approximately 50% of Dell as of this writing. Michael continues to serve as the CEO and Chairman, and Founder of Dell Technologies, which is one of the largest computer infrastructure companies in the world. Although it’s true that Michael Dell is one of the richest people on the planet, his net worth is not necessarily tied to Dell Technologies. Much of Michael’s net worth comes from his interest in his closely-held investment company, MSD Capital. Aside from owning a large stake in Dell, MSD Capital also owns interests in real estate, private equity, stocks, bonds, and more. MSD Capital manages $16 billion in assets, of which roughly $12 billion comes from Michael’s own personal fortune.

Biography

What is Michael Dell known for?

Michael Saul Dell was born on February 23rd of 1965 in Houston, Texas. Raised in a Jewish family, Michael was so eager to get into the world of business that he took a high school equivalency exam at the age of eight. His hobbies as a teen included investing in stocks and precious metals, using the money he had earned from part-time jobs. Some of Michael’s earliest experiences with computers included the purchase of a calculator at the age of seven and seeing an early teletype terminal during his high school years. By the age of 15, he had purchased his first computer after years of playing with them at the local Radio Shack. It was an Apple II – and Dell quickly disassembled the entire computer to understand how it worked. During his teen years, Michael earned money by working as a dishwasher and selling subscriptions to the local newspaper. Although Michael was clearly passionate about computers and business, his parents wanted him to become a doctor. Acquiescing to their wishes, Dell agreed to enter pre-med at the University of Texas in 1983. During his summer, he continued to sell subscriptions to the ‘Houston Post.’ Eventually, he was earning $200,000 per year just from this early business opportunity. Understandably, Michael dropped out of college at the age of 19 to fully focus on an entrepreneurial career.

Career

Michael Dell continued to mess around with computers during his college years, and he eventually started selling upgrade kits for personal computers. In 1984, he registered his company as ‘PC’s Limited.’ After strong sales, Michael incorporated his company as ‘Dell Computer Corporation.’ Dell then relocated the business to Austin and hired a few employees – all with a budget of $100. By 1992, the 27-year-old Michael Dell was the youngest CEO of a company ranked in the top 500 corporations. Dell was reporting $1 million in sales per day during this period. In 1998, Michael established MSD Capital L.P. to manage his assets. In 2001, the company became the world’s largest PC maker. In 2004, Michael stepped down as the Chairman of Dell, Inc., but he remained the CEO.

Achievements

In addition to his success in business and entrepreneurship, Michael Dell has garnered numerous awards and achievements throughout his career. Here are some of his notable accomplishments:

• Youngest CEO of a company ranked in the top 500 corporations at the age of 27.
• Dell, Inc. reported $1 million in sales per day by 1992.
• Established MSD Capital L.P., which manages his vast array of assets.
• Became the world’s largest PC maker in 2001.

While these are just a few highlights from Michael Dell’s career, they demonstrate his immense talent and business acumen. His contributions to the technology industry and entrepreneurial spirit serve as an inspiration to aspiring business leaders and innovators.

Conclusion

Michael Dell is not only a successful business executive and technology entrepreneur but also one of the richest individuals in the world. From humble beginnings as a teenager tinkering with computers, Dell transformed his passion into a multi-billion dollar empire. Through his leadership and vision, he turned Dell into a globally recognized brand in the computer industry. Additionally, his investments in real estate and other sectors have further contributed to his net worth. Michael Dell’s achievements and contributions continue to inspire and motivate individuals in the business community.

Outside of his professional accomplishments, Michael Dell is known for his philanthropic efforts. The Michael & Susan Dell Foundation focuses on improving educational opportunities for children around the world. Through various initiatives, the foundation has made a significant impact on education and underserved communities.

In conclusion, Michael Dell’s success story serves as a testament to the power of determination, innovation, and strategic thinking in the world of business.