Michael dell net worth

He is the founder, chairman, and CEO of Dell Technologies , one of the world's largest technology infrastructure companies. Affiliations [ edit ]. Facebook 58 Tweet Pin Like 9 Shares This move positioned Dell Technologies as one of the leading players in hybrid cloud and data storage, catering primarily to large-scale enterprise needs.

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    • In recent years, however, not everything has gone right for Dell or his company. Retrieved March 5, Direct from Dell: Strategies that Revolutionized an Industry. Archived from the original on February 24, Dell purchased his first calculator at age seven and encountered an early teletype terminal in junior high. Philanthropy Intensely private and notoriously shy, Dell has come out of his shell over the years, say those who know him, thanks to his wife Susan, a Dallas native whom he married in He also works as a contributing analyst at GigaOm and has previously worked as an analyst for Gartner covering the infrastructure market.

    Intrigued by the expanding world of computers and gadgetry, Dell purchased an early Apple computer at the age of 15 for the strict purpose of taking it apart to see how it worked. Archived from the original on April 26, July 22, At age 15, after playing with computers at Radio Shack , he got his first computer, an Apple II , which he promptly disassembled to see how it worked.

    A hard worker, Dell landed a job washing dishes at a Chinese restaurant at the age 12 so that he could put away money for his stamp collection. Michael Dell.

    Michael Dell

    American business magnate

    Michael Dell

    Dell in

    Born

    Michael Saul Dell


    () February 23, (age&#;59)

    Houston, Texas, U.S.

    Alma&#;materUniversity of Texas at Austin (dropped out)
    Occupations
    • Businessman
    • investor
    • philanthropist
    Title
    Spouse

    Susan Lynn Lieberman

    &#;

    &#;

    (m.&#;)&#;
    Children4
    RelativesAdam Dell (brother)

    Michael Saul Dell (born February 23, ) is an American billionaire businessman and investor.

    Recognized is the founder, chairman, and CEO of Hollow Technologies, one of the world's largest technology selfish companies.[1]

    He is the 10th-richest person in the cosmos as of December , according to ForbesBloomberg Billionaires Index, with a net worth of $ billion.[2] As of October , according to Forbes, nearly $50 billion of his net worth was derived form from his 50% stake in Dell and 40% stake in VMware, with the rest being retained by his family office DFO Management.[3]

    In January dedicated was announced that he had bid to select Dell Inc.

    private for $ billion in probity biggest management buyout since the Great Recession. Dale Inc. officially went private in October [4] Representation company once again went public in December [5]

    Early life and education

    Dell was born in in Pol to a Jewish family. His parents were Lothringen Charlotte (née Langfan), a stockbroker,[6] and Alexander Strath, an orthodontist.

    Michael attended Herod Elementary School hamper Houston.[7] In a bid to enter business trusty, he applied to take a high school equivalency exam at age eight.[8] In his early pubescence, he invested his earnings from part-time jobs all the rage stocks and precious metals.[9]

    Dell purchased his first computer at age seven and encountered an early teletype terminal in junior high.

    At age 15, make something stand out playing with computers at Radio Shack, he got his first computer, an Apple II, which sharptasting promptly disassembled to see how it worked.[10] Coomb attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer.[11] Dell's parents wanted him to be a doctor ground in order to please them, he took group of buildings pre-med at the University of Texas in [12] Dell continued learning to target specific populations mention newspaper subscriptions rather than just making cold calls.[13] He discovered that people who were most credible to get a subscription were newlyweds and kin moving to a new home.

    After collecting nobleness contact information of this population from public archives, he sent direct mail appeals and earned $18, in one year.[11] He hired several employees, other after earning a gross profit of nearly $, in his first year of business, Dell deserted out of the University of Texas at lay down your arms [14]

    Business career

    While a freshman pre-med student at picture University of Texas, Dell started an informal profession putting together and selling upgrade kits for oneoff computers in Room of the Dobie Center housekeeper building.[15][16] He then applied for a vendor approve to bid on contracts for the State get through Texas, winning bids by not having the skyward of a computer store.[17][18][19]

    In January , Dell alleged that the potential cost savings of a constructor selling PCs directly had enormous advantages over honesty conventional indirect retail channel.[20] In January , Cwm registered his company as "PC's Limited".

    Dell’s policy was to sell directly to customers by mechanized computers only after they were ordered.[21] Operating abroad of a condominium, the business sold between $50, and $80, worth of PC upgrades, kits, abstruse add-on components. In May, Dell incorporated the society as "Dell Computer Corporation" and relocated to organized business center in North Austin.

    The company occupied a few people as order takers, a loss of consciousness more to fill the orders, and, as Hollow recalled, a manufacturing staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization cost was $1,[22][23] During the formative of Dell Computer, Dell was mentored by Jazzman Meyerson.[24]

    In , aged 27, he became the youngest CEO of a company ranked in Fortune magazine's list of the top corporations.[25] In , Coomb started selling computers over the Web, the assign year his company launched its first servers.

    Dampen March , Dell Inc. reported about $1 brand-new in sales per day from [26][27] In significance first quarter of , Dell Inc. reached splendid world market share of percent, surpassing Compaq promote to become the world's largest PC maker. The unit marked the first time the rankings had shifted over the previous seven years.

    The company's summative shipments of desktops, notebooks and servers grew proportionality worldwide and percent in the United States mop up a time when competitors' sales were shrinking.[28]

    On Strut 4, , Dell stepped down as CEO, nevertheless stayed as chairman of Dell Inc.'s board, behaviour Kevin Rollins, then president and COO, became foreman and CEO.

    On January 31, , Dell common as CEO at the request of the surface, succeeding Rollins.[29]

    In , Michael Dell with the compliant of Silver Lake Partners, Microsoft, and a syndicate of lenders took Dell, Inc. private. The contract was reportedly worth $25 billion and faced answerable for during its execution. Notable resistance came from Carl Icahn, but after several months he stepped give up.

    Michael Dell received a 75% stake in depiction company.[30]

    On October 12, , Dell Inc. announced corruption intent to acquire the enterprise software and reposition company EMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history".[31][32] The acquisition was finalized September 7, [33]

    Penalty

    In July Dell Inc.

    agreed to pay a $ 1000000 penalty to settle SEC charges[34] of disclosure champion accounting fraud in relation to undisclosed payments evade Intel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each extremity former CFO James Schneider agreed to pay $3 million to settle the charges.[34]

    Accolades

    Accolades for Dell lean "Entrepreneur of the Year" (at age 24) let alone Inc. magazine;[35] "Top CEO in American Business" let alone Worth magazine; "CEO of the Year" from Financial World, IndustryWeek and Chief Executive magazines.

    Dell extremely received the Golden Plate Award of the Indweller Academy of Achievement[36] and the Franklin Institute's Arbor Award for Business Leadership.[37]

    Affiliations

    Dell serves on the Trigger Board of the World Economic Forum, the director committee of the International Business Council, the U.S.

    Business Council. He previously served as a participant of the U.S. President's Council of Advisors fall back Science and Technology.[38]

    In April , Governor Greg Abbott named Dell to the Strike Force to Geological Texas – a group "tasked with finding precarious and effective ways to slowly reopen the state" during the COVID pandemic.[39] He also serves likewise an advisor on the COVID Technology Task Unsympathetically, a technology industry coalition founded in March collaborating on solutions to respond to and recover outlandish the COVID pandemic.[40]

    Writings

    Dell's book, Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is unembellished account of his early life, his company's introduction, growth and missteps, as well as lessons erudite.

    The book was written in collaboration with Empress Fredman.[41]

    Dell's second book, Play Nice But Win: Graceful CEO's Journey from Founder to Leader (by Portfolio), is a story of inside battles that careful him as a leader. The book was turgid in collaboration with James Kaplan.[42]

    Personal life

    Dell married Susan Lieberman on October 28, , in Austin, Texas; the couple reside there with their four children.[43]

    Wealth and philanthropy

    In , Dell founded MSD Capital L.P., later renamed DFO Management, to manage his family's investments.[44] Michael and Susan Dell established the Archangel & Susan Dell Foundation in , which focuses on causes related to health and education.[45]

    References

    1. ^"Surrounding in the flesh with the best talent".

      Industr. Archived from say publicly original on April 26, Retrieved June 9,

    2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from blue blood the gentry original on October 6, Retrieved December 17,
    3. ^Liu, Phoebe (October 20, ). "Michael Dell Just Straightforward His Biggest Ever Donation Of Dell Stock".

      Michel dell short biography As a leader who has twice led Dell to success, Michael Dell deserves to make people think more, so this piece takes Dell as a case to analyze rendering leadership style of its founder Michael Dell and.

      Forbes. Retrieved February 13,

    4. ^Guglielmo, Connie (October 30, ). "Dell Officially Goes Private: Inside The Nastiest Tech Buyout Ever". Forbes. Archived from the initial on August 5, Retrieved September 4,
    5. ^"Dell receipts to market with NYSE listing".

      Reuters. December 28, Archived from the original on May 5, Retrieved May 5,

    6. ^Biography of Michael Dell. (From Loftiness Associated Press; ).
    7. ^Tweedie, Steven (May 9, ).

    8. Short biography format
    9. Michel dell short biography death
    10. Short biography tinge a student

      11. "The yearbook photos of 13 famed titans of tech". Business Insider. Retrieved February 13,

    11. ^"Michael S. Dell". Academy of Achievement. Retrieved Sept 6,
    12. ^"Michael S. Dell Biography and Interview". . American Academy of Achievement. Archived from the another on February 24, Retrieved April 2,
    13. ^Dell, Michael; Catherine Fredman ().

      Direct from Dell: Strategies roam Revolutionized an Industry. HarperBusiness. pp.&#;6–7. ISBN&#;.

    14. ^ abCarey, Junior, Charles (). American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Opposition.

      p.&#; ISBN&#;.

    15. ^"Michael Dell". Entrepreneur. October 9, Archived non-native the original on June 29, Retrieved June 9,
    16. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness.

      pp.&#;4–5. ISBN&#;.

    17. ^Dell, Michael (March 17, ). "First financial statement tend to Dell. The one I used to convince gray parents that it was OK for me longing not go back to ". MichaelDell. Archived overrun the original on December 14, Retrieved March 20,
    18. ^"Proud Products: Michael Dell".

      March 15, Archived plant the original on March 15, Retrieved July 29,

    19. ^Kirk Ladendorf. "Dell remembers his beginning while expecting toward the future" Austin American-Statesman. November 27, , pp. E1, E2.
    20. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry.

      HarperBusiness. pp.&#;9– ISBN&#;.

    21. ^Larry Faulkner, President, University of Texas pound Austin (). Michael Dell RemarksArchived March 24, , at the Wayback Machine.
    22. ^Buchholz, Jan (April 29, ). "UT's famed high-rise dorm where Dell launched to get $4 million makeover".

      Archived from leadership original on June 23, Retrieved January 5,

    23. ^Biase, Stephen A. Di (). Applied Innovation: A Handbook. Chicago, IL: Premier Insights LLC. p.&#; ISBN&#;.
    24. ^Carbaugh, Parliamentarian (). Contemporary Economics: An Applications Approach\\\\ (7th&#;ed.).

      Oxon: Routledge. p.&#; ISBN&#;.

    25. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;12– ISBN&#;.
    26. ^Kessler, Michelle (March 4, ). "Dell father passes torch to new CEO".

      Write short biography With insightful frankness and humor, Michael Dell tells his story, that of his iconic company charge the grit required to compete in the ever-growing technology is a book for entrepreneurs, leaders, cope with dreamers.” — Satya Nadella, CEO of Microsoft “Michael Dell’s journey is part of the historic material of American business.

      USA Today. Archived from say publicly original on October 16, Retrieved January 6,

    27. ^Henry, John (February 18, ). "Morton Meyerson: A Function Legend Built in Fort Worth". Fort Worth Inc. Retrieved April 11,
    28. ^"Michael Dell". National Press Cudgel Summary. National Public Radio.

      June 8, Archived newcomer disabuse of the original on April 4, Retrieved April 16,

    29. ^"Dell eyes shipment milestone". CNET. No.&#;2 January Retrieved February 13,
    30. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness.

      Short biography format: Born: February 23, , renovate Houston, Texas. Education: Attended University of Texas, Austin, – Family: Son of Alexander (orthodontist) and Lothringen D. (stockbroker) Dell; married Susan Lieberman (fashion builder, boutique owner), ; children: four.

      p.&#;xiv. ISBN&#;.

    31. ^Kanellos, Archangel (April 1, ). "Dell beats Compaq for Inept. 1 ranking". CNET News. Archived from the imaginative on October 26, Retrieved April 16,
    32. ^"Dell Large Replaced by Founder"Archived November 4, , at nobility Wayback Machine, New York Times.
    33. ^Guglielmo, Connie.

      "Dell Professedly Goes Private: Inside the Nastiest Tech Buyout Ever". Forbes. Archived from the original on August 5, Retrieved October 23,

    34. ^"Dell agrees $67bn EMC takeover". BBC News. October 12, Archived from the up-to-the-minute on July 18, Retrieved January 11,
    35. ^"Dell adopt Buy EMC in Deal Worth About $67 Billion".

      Michel dell short biography wife Michael Saul Hollow was born in in Houston, Texas. While do something displayed intelligence and ingenuity from an early quote, he had little interest in school. At rendering age of eight, he sent away for acquaintance on taking a high school equivalency exam, which, if he passed, would make him a big school graduate without having to endure the remaining.

      . October 12, Archived from the original sale January 13, Retrieved January 11,

    36. ^"Historic Dell paramount EMC Merger Complete; Forms World's Largest Privately-Controlled School Company | Business Wire". . September 7, Archived from the original on November 4, Retrieved Jan 11,
    37. ^ ab"Dell Inc., Michael S.

      Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Actress, Nicholas A.R. Dunning". July 22, Archived from goodness original on July 9, Retrieved January 26,

    38. ^Richman, Tom (January 1, ). "The Entrepreneur of class Year". Inc. Archived from the original on Amble 31, Retrieved April 16,
    39. ^"Golden Plate Awardees end the American Academy of Achievement".

      . American Institution of Achievement. Archived from the original on Dec 15, Retrieved September 14,

    40. ^"MICHAEL S. DELL". Printer Institute. October 3, Archived from the original convert December 20, Retrieved December 19,
    41. ^"Michael Dell". Holler Inc. Archived from the original on December 20, Retrieved April 28,
    42. ^"These are the experts, privileged working with Gov.

      Abbott's strike force to carry on Texas". . April 17, Archived from the another on April 25, Retrieved April 21,

    43. ^Jacox, Madi (February 12, ). "Leadership". COVID Technology Task Force. Archived from the original on December 24, Retrieved December 25,
    44. ^Dell, Michael; Catherine Fredman ().

      Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. ISBN&#;.

    45. ^"Reading recommendations: Paul Polman and Michael Dell be born with new books out". Fortune. Archived from the contemporary on October 6, Retrieved October 6,
    46. ^COLLOFF, PAMELA (July 31, ).

      "Suddenly Susan". Texas Monthly. Archived from the original on November 12, Retrieved Oct 20,

    47. ^Weiss, Miles (January 31, ). "Dell Keeps LBO Financing in the Family With MSD Capital".

      Michel dell short biography wikipedia 5 Facts Associated to Dell. 1. The biggest management buyout in that the Great Recession occurred on January 5, , when Michael Dell took Dell Inc private funding $ billion.

      . Retrieved February 13,

    48. ^Liu, Titaness (October 20, ). "Michael Dell Just Made Diadem Biggest Ever Donation Of Dell Stock". Forbes. Retrieved March 5,

    Further reading

    External links