![Michael Dell](http://178.128.105.246/cars-https-economictimes.indiatimes.com/thumb/msid-81702367,height-184,width-182/magazines/panache/panache-people-101/michael-dell.jpg)
Michael Dell
Chairman & CEO, Dell TechnologiesBirth DetailsFebruary 23, 1965 | Houston, Texas
NationalityAmerican
LeagueEntrepreneur
EducationUniversity of Texas (drop-out)
Net Worth$45.4 billion (As of March 26, 2021)
Michael Dell's Assets:
Michael Dell's Journey so far ...
Before you go ...
- Dell Technologies
- MSD Capital
Michael Dell's Journey so far ...
- Michael Dell began his career selling computers from his freshman dorm at the age of 19
- Started with a seed capital of $1,000, his company was initially called PCs Limited
- He soon dropped out of college to run the business full-time
- In 1987, the company’s name was changed to Dell Computer Corporation
- The company went public in 1988 raising $30 million
- In 1992, Dell became the youngest CEO of the time to be at the helm of a Fortune 500 company
- In 2004, Dell relinquished his role as CEO at the company (now renamed as Dell Inc.) he founded two decades ago
- The company went through a series of challenges, including decline in sales, an accounting scandal and losing the title as the world's largest PC manufacturer to Hewlett Packard, after his departure. Consequently, in 2007, he was recalled to lead the company as CEO
- In his second term, Dell further diversified the company's products and services to include computer storage devices, networking equipment, servers, etc.
- After a buyout from investors, Dell took the company private in 2013
- Dell acquired EMC Corp. for $67 billion in the latter half of 2015. The deal was dubbed as the largest technology acquisition at the time
- In 2016, he steered the merger of Dell, EMC and VMware
- The unified firm -- Dell Technologies -- again opened for the public, with a relisting in the New York Stock Exchange, in 2018
- According to the company's website, Dell Technologies, currently, employs 1,65,000 people and has $92 billion in revenues. Dell himself owns around half the shares of the company
- He created the private investment firm MSD Capital in 1999 to manage his family's wealth. Dell has made a series of investments including in Applebees, IHOP, Calvin Klein, Domino's Pizza, etc., through the firm
- Dell founded the philanthropic organisation Michael & Susan Dell Foundation with his wife in 1999. The foundation works towards the improvement of education for children, healthcare facilities and economic stability
Before you go ...
- He is the author of the 1999 business strategy book 'Direct from Dell: Strategies That Revolutionized an Industry'
- In what has been reported to be one of the largest photo transactions in history, Dell, through his firm MSD Capital, purchased 1,85,000 vintage picture prints from Magnum Photos in 2010
Last Updated: 26/03/2021
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