Michael Dell is a 57-years-old American Businessperson from the United States of America. his estimated net worth is $1 Million to $5 Million Approx. Jump into read his life Facts, Wikipedia and biographies Details
Michael Dell Biography – Wiki
According to the wiki and biography of Michael Dell was born on February 23, 1965 in United States of America. let’s check out the Michael’s personal and public life facts, Wikipedia, bio, spouse, net worth, and career details.
Fast Facts You Need To Know
In April 2020, Governor Greg Abbott named Dell to the Strike Force to Open Texas – a group “tasked with finding safe and effective ways to slowly reopen the state” during the COVID-19 pandemic.
Forbes estimates Dell’s net worth as of May 2019 at $41.3 billion.
In February 2018, it was reported that in 2014, Dell had paid $100.5 million for Manhattan’s One57 penthouse, which was then a record for the most expensive home ever sold in the city.
In 2018 Dell Technologies returned to public markets through a complicated financial restructuring.
In 2017, in the wake of Hurricane Harvey, Dell, a Houston native, pledged $36 million to relief efforts.
On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the “highest-valued tech acquisition in history”. The acquisition was finalized September 7, 2016.
In 2014, he donated $1.8 million to the Friends of the Israel Defense Forces.
In 2013, Michael Dell with the help of Silver Lake Partners, Microsoft, and a consortium of lenders took Dell, Inc. private. The deal was reportedly worth $25 billion and faced difficulties during its execution. Notable resistance came from Carl Icahn, but after several months he stepped aside. Michael Dell received a 75% stake in the private company.
Accolades for Dell include “Entrepreneur of the Year” (at age 24) from Inc. magazine; “Top CEO in American Business” from Worth magazine; “CEO of the Year” from Financial World, Industry Week and Chief Executive magazines. Dell also received the 2013 Franklin Institute’s Bower Award for Business Leadership.
In 2012, the Michael and Susan Dell Foundation committed $50 million for medical education. The Dell Medical School began enrolling students in 2016.
In 2011, his 243.35 million shares of Dell Inc. stock were worth $3.5 billion, giving him 12% ownership of the company. His remaining wealth of roughly $10 billion is invested in other companies and is managed by MSD Capital, which incorporates his initials. In January 2013 it was announced that he had bid to take Dell Inc. private for $24.4 billion in the biggest management buyout since the Great Recession. Dell Inc. officially went private in October 2013. The company once again went public in December 2018.
By 2011, the foundation had committed more than $650 million to children’s issues and community initiatives in the United States, India and South Africa. Today the foundation has over $466 million assets under management.
In July 2010 Dell Inc. agreed to pay a $100 million penalty to settle SEC charges of disclosure and accounting fraud in relation to undisclosed payments from Intel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each and former CFO James Schneider agreed to pay $3 million to settle the charges.
In 1998, Dell founded MSD Capital L.P. to manage his family’s investments. Investment activities include publicly traded securities, private equity activities, and real estate. The firm employs 80 people and has offices in New York, Santa Monica and London. Dell himself is not involved in day-to-day operations. On March 4, 2004, Dell stepped down as CEO, but stayed as chairman of Dell Inc.’s board, while Kevin Rollins, then president and COO, became president and CEO. On January 31, 2007, Dell returned as CEO at the request of the board, succeeding Rollins.
In 2002, Dell received an honorary doctorate in Economic Science from the University of Limerick in honor of his investment in Ireland and the local community and for his support for educational initiatives.
Dell’s 1999 book, Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is an account of his early life, his company’s founding, growth and missteps, as well as lessons learned. The book was written in collaboration with Catherine Fredman.
In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on, among other causes, grants, urban education, childhood health and family economic stability. In 2006, the foundation provided $50 million in grants to three health-related organizations associated with the University of Texas: the Michael & Susan Dell Center for Advancement of Healthy Living, the Dell Pediatric Research Institute to complement the Dell Children’s Medical Center, as well as funding for a new computer science building at the University of Texas at Austin campus. In 2013, the foundation provided an additional $50 million commitment to establish the Dell Medical School at the University of Texas at Austin. Since 1999, the MSDF has committed $1.23 billion to non-profits and social enterprises in the United States, India and South Africa. Dell is also behind the founding of the Dell Jewish Community Campus in the Northwest Hills neighborhood of Austin.
In 1992, aged 27, he became the youngest CEO of a company ranked in Fortune magazine’s list of the top 500 corporations. In 1996, Dell started selling computers over the Web, the same year his company launched its first servers. Dell Inc. soon reported about $1 million in sales per day from dell.com. In the first quarter of 2001, Dell Inc. reached a world market share of 12.8 percent, passing Compaq to become the world’s largest PC maker. The metric marked the first time the rankings had shifted over the previous seven years. The company’s combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 percent in the United States at a time when competitors’ sales were shrinking.
Dell married Susan Lieberman on October 28, 1989, in Austin, Texas; the couple reside there with their four children.
In January 1984, Dell banked on his conviction that the potential cost savings of a manufacturer selling PCs directly had enormous advantages over the conventional indirect retail channel. In January 1984, Dell registered his company as “PC’s Limited”. Operating out of a condominium, the business sold between $50,000 and $80,000 in upgraded PCs, kits, and add-on components. In May, Dell incorporated the company as “Dell Computer Corporation” and relocated it to a business center in North Austin. The company employed a few order takers, a few more people to fulfill them, and, as Dell recalled, a manufacturing staff consisting of “three guys with screwdrivers sitting at six-foot tables”. The venture’s capitalization cost was $1,000.
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and philanthropist. He is the founder, chairman and CEO of Dell Technologies, one of the world’s largest technology infrastructure companies. He is ranked 27th richest in the world by Forbes, with a net worth of $27.2 billion as of April 2020.
Dell was born in 1965 in Houston, to a Jewish family whose surname reflects the translation into English of the original German Tal (“valley” or “dale [q.v.]”; modern common-noun spelling Tal) upon the family’s immigration to the United States. His parents were Lorraine Charlotte (née Langfan), a stockbroker, and Alexander Dell, an orthodontist. Michael Dell attended Herod Elementary School in Houston. In a bid to enter business early, he applied to take a high school equivalency exam at age eight. In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.
BirthName, Nickname, and Profession
So first, let’s take a look at some personal details of Michael, like name, nickname, and profession.
|Real Name||Michael Saul Dell|
Age, Birthdate, Religion, and BirthPlace
|Age (2021)||57 Years|
|Date Of Birth||February 23, 1965|
|Food Habits||Not Available|
Height, Weight, And Body Measurements
In Meter: not available
In Feet: not available
In Pound: not available
Michael Dell Personal Life, Spouse, Wife
Michael Saul Dell Net Worth
The Michael Saul Dell Estimated Net worth is $80K – USD $85k.
|Monthly Income/Salary (approx.)||$80K – $85k USD|
|Net Worth (approx.)||$4 million- $6 million USD|
Twitter, Facebook, and Instagram
|Michael Dell Instagram Profile|
|Michael Dell Official Twitter|