An American businessman and philanthropist, Michael Saul Dell (born February 23, 1965) is the founder and CEO of Dell Inc.
Dell Technologies is the world’s largest technology infrastructure company and Dell’s founder, chairman, and CEO.
Adolescence and Schooling
Dell was born in Houston, Texas, in 1965 to a religiously Orthodox family. His parents were orthodontist Alexander Dell and stockbroker Lorraine Charlotte (née Langfan). In Houston, Texas, Michael Dell went to Herod Elementary School.
In high school, he attended Memorial High School. Even at the age of eight, this young man applied to take a test that would have given him the equivalent of a high school diploma. Earnings from part-time employment as an adolescent prompted him to invest in stocks and precious metals.
When Dell was just seven years old, he bought a calculator and used an early teletype terminal. His first computer, an Apple II, was purchased at Radio Shack when he was just 15 years old, and he immediately disassembled the machine to learn how it worked.
By July, Dell was selling memberships to the Houston Post at Memorial High School. Dell’s parents wanted him to be a doctor, so he enrolled in pre-med at the University of Texas in 1983 in order to fulfill their wish.
As Dell proceeded to discover how to target certain populations for newspaper subscriptions, he made $18,000 that summer.
In his first year in business, Dell made a profit of approximately $200,000, which convinced him to walk out of college at the age of 19.
PC’s Limited was incorporated as a corporation by Dell in 1984. His company changed its name to Dell Computer Corporation that year as well. There were a few people working for him now, taking orders and upgrading basic machinery.
He placed a high priority on customer service and quality products and highlighted the importance of client focus. In the following months, the company’s revenues soared by orders of magnitude as a result of his firm convictions.
A 12-megahertz 286 CPU was unveiled by Dell in 1986, making it the fastest personal computer at the time. This product was a tremendous hit due to its low cost in comparison to IBM’s competing computers.
To put it another way, the company was a Fortune 500 company back in 1992. Dell was the CEO of one of the world’s most successful corporations when he was just 27 years old.
It was in 1996 that Dell introduced its first servers, followed two years later by its first storage offerings in 1998.
Also in 1998, he created the MSD Capital L.P. in order to oversee the family’s investment interests, which comprise publicly traded securities as well as private equity and real estate
Value of The Net
It was estimated in 2011 that his 243.35 million Dell shares were worth $3.5 billion, making him a 13% stakeholder of the corporation.
About ten billion dollars of his residual assets are held by MSD Capital, a company he founded and whose name is an acronym for his initials.
During the Great Recession, it was reported that Dell Inc. would be taken private for $24.4 billion by Dell Inc.’s
CEO Michael Dell. In October of that year, Dell Inc. went private. In December of last year, the business was relisted on the stock exchange.
His net worth as of 2022 was $60 billion, according to Bloomberg Billionaires Index rankings.
With regard to payments from Intel Corporation that went unreported, Dell Inc. agreed to pay a $100 million penalty to satisfy SEC claims of disclosure and accounting fraud in July 2010.
Michael Dell, Kevin Rollins, Michael Dell’s former CEO, and James Schneider, Michael Dell’s former CFO, each agreed to pay $4 million to settle the claims.
Michael S. Dell, the founder, and CEO of Dell Inc., the leading provider of IT infrastructure, is married to Susan Lynn Lieberman Dell.
As a result of their marriage in 1989, Susan and Michael have always been involved in charitable endeavors.
With four children, she is a successful businesswoman who developed her own fashion label, which she started because of her passion for the industry.
Susan was an accomplished marathon runner, triathlete, and cyclist prior to marriage.