Michael Dell Net Worth: Michael Saul Dell is an American business magnate and philanthropist worth a billion dollars. He is the founder, chairman, and CEO of one of the world’s leading technology infrastructure firms, Dell Technologies. The Bloomberg Billionaires Index ranks him as the twentieth richest person in the world.
According to newspaper accounts, he is one of the five highest-paid CEOs in the world. Few of you would be aware that he was only 19 years old when he began his firm in 1986. When he first started his company, he sold computers from his garage. This article contains information regarding Michael Dell net worth, biography, wife, age, and more.
Michael Dell Early Life
On February 23, 1965, Michael Saul Dell was born in Houston, Texas. Michael, who grew up in a Jewish home, passed the high school equivalency exam at the age of eight to enter the business world. Using money he earned from part-time employment, he invested in equities and precious metals during his teenage years. Michael’s first experiences with computers were when he got a calculator when he was seven and saw an early teletype terminal when he was a senior in high school.
After years of experimenting with them at the local Radio Shack, he got his first computer at age 15. It was an Apple II, and Dell swiftly disassembled the machine to determine how it functioned. Michael earned money during his teenage years by washing dishes and selling local newspaper subscriptions.
Michael’s parents wanted him to become a physician, despite his obvious interest in computers and business. Dell consented to enroll in pre-med at the University of Texas in 1983, as per their request. He continued to sell “Houston Post” subscriptions throughout the summer. Eventually, he was earning $200,000 annually from this early company opportunity alone. Michael dropped out of college when he was 19 to focus on his business, which was a perfectly reasonable choice.
Michael Dell Career
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Michael Dell continued to tinker with computers throughout his college years, and he eventually began selling personal computer upgrade kits. He registered his business as “PC’s Limited” in 1984. As a result of strong sales, Michael incorporated his business as “Dell Computer Corporation.” Dell then relocated the business to Austin and hired a handful of employees on a budget of $1,000.
In 1992, Michael Dell, then 27 years old, was the youngest CEO of a company in the Fortune 500. During this time, Dell reported a daily sales volume of $1 million. In 1998, Michael formed MSD Capital L.P. to manage his assets. The company became the world’s largest PC manufacturer in 2001. Michael resigned as Chairman of Dell, Inc. in 2004 but retained his position as CEO.
Michael Dell Net Worth
Michael Saul Dell is an American business magnate and philanthropist worth a billion dollars. He is the founder, chairman, and CEO of one of the world’s leading technology infrastructure firms, Dell Technologies. Michael Dell net worth has $60 billion as of February 2022, according to the Bloomberg Billionaires Index, which ranks him as the twentieth richest person in the world.
Real estate constitutes a significant portion of Michael Dell’s wealth. Some of these properties are Michael’s investments, while others are for his personal use. In 2014, he purchased a penthouse on Manhattan’s Billionaire’s Row for approximately $100 million, which may have been his most notable acquisition. The most expensive home in New York at the time was a six-bedroom apartment on the 89th and 90th floors of the One57 building in Midtown. It is just under 11,000 square feet in size.
In 2017, he spent $40 million to acquire a second penthouse in Boston. This suite can be found within the Four Seasons Private Residences building on Dalton Street. The tower was Boston’s tallest residential structure upon completion. Another property in Los Cabos, Mexico, marketed for $18.5 million, is said to be used solely for investment purposes.
In 1996, Michael finished building a 33,000-square-foot residence for his family in Austin. This residence has eight bedrooms, an in-home gym, and an indoor lap pool. Dell and his wife are the owners of several adjacent properties, bringing the total acreage to approximately 120. In 1997, when Michael received a property tax bill for $600,000, this property became the subject of a lawsuit. His residence was appraised at $22.5 million, but Dell claimed to have spent $30 million on renovations alone (something that would have offset his tax bill). Michael owns the 6D Ranch, which is about 12 miles from his home in Austin and seems to be used only for several Arabian horses.
In 2004, following MSD Capital’s acquisition of the Four Seasons Maui, Michael Dell purchased a second stunning residence on the Big Island of Hawaii’s Kohala Coast. Michael’s home and surrounding area are completely off-limits to non-homeowners because they are located in the exclusive Kukio community. Michael’s house in Kukio is the biggest in the whole neighborhood. It is 18,500 square feet and has seven bedrooms.
Michael Dell owns 100% of MSD Capital and 65% of MSD Partners, which manages over $16 billion in combined assets. In 2003, Dell Inc. was privatized for $25 billion, followed by its republication in 2018. Michael holds 50% of the outstanding shares of the company. In 2015, he paid $67 billion for EMC Corp. to form Dell Technologies, the world’s largest privately held technology company. The annual revenue of Dell Technologies exceeds $90 billion.
Michael Dell Personal Life
Dell and Susan Lieberman were married on October 28, 1989, and currently raise their four children in Austin.
Michael and Susan Dell started the Michael and Susan Dell Foundation in 1999. Among other things, it focuses on grants, education in urban areas, children’s health, and the financial stability of families. In 2011, the foundation invested about $650 million in children’s issues and community initiatives in the United States, India, and South Africa.
In 2012, the Michael and Susan Dell Foundation promised $50 million to help pay for medical school. In 2017, Dell, whose founder was born in Houston, gave $36 million to help people who were affected by Hurricane Harvey.