|Net Worth:||$52 Billion|
|Date of Birth:||February 23, 1965 (58 years old)|
|Nationality:||United States of America|
What is Michael Dell’s Net Worth?
Michael Dell is an American business executive and technology entrepreneur who has a net worth of $52 billion. Dell left school early and gave up his incomplete medical degree in order to launch a computer repair company that would turn out to be very successful.
Dell, Inc. eventually developed from this $1,000 project. Today, Dell is a publicly traded business with annual revenue of nearly $90 billion. As of this writing, Michael owns roughly 50% of Dell.
Michael still holds the positions of CEO, Chairman, and Founder of Dell Technologies, one of the biggest providers of computer infrastructure in the world. Even though Michael Dell is among the wealthiest persons on the planet, his fortune is not always related to Dell Technologies.
Michael Saul Dell was born on February 23rd of 1965 in Houston, Texas. Michael, who was born and raised in a Jewish home, passed a high school equivalency exam at the age of eight because he was so anxious to enter the corporate world.
He used the cash from his part-time employment to fund his hobbies as a teenager, which included buying stocks and precious metals.
One of Michael’s earliest computer-related memories is of buying a calculator when he was seven years old and witnessing an early teletype terminal while he was a high school student.
After playing with computers at the neighborhood Radio Shack for years, he bought his first one at the age of 15. It was an Apple II, and Dell soon took the whole machine apart to figure out how it operated.
Michael’s parents wanted him to become a doctor, despite the fact that it was evident that he was passionate about computers and business. In accordance with their requests, Dell consented to enroll in pre-medicine at the University of Texas in 1983.
He continued to market subscriptions to the “Houston Post” throughout the summer. His income from this early business opportunity eventually reached $200,000 annually. Unsurprisingly, Michael dropped out of college when he was 19 to devote himself entirely to a career as an entrepreneur.
Michael Dell kept tinkering with computers during his time in college, and he finally began selling upgrade kits for personal computers. He registered his business in 1984 under the name “PC’s Limited.”
Michael registered his business as “Dell Computer Corporation” following brisk sales. Dell then moved the company to Austin and hired a small number of people, each with a budget of $1000.
The youngest CEO of a business included among the top 500 firms in 1992 was 27-year-old Michael Dell. During this time, Dell reported daily sales of $1 million. To oversee his investments, Michael founded MSD Capital L.P. in 1998.
The business rose to the top spot among PC manufacturers in 2001. In 2004, Michael resigned as chairman of Dell, Inc., while he continued to serve as CEO.
The majority of Michael Dell’s fortune is held in real estate. Michael will use some of these properties for his own personal purposes and some as investments.
The apartment he bought in 2014 for just over $100 million on Manhattan’s Billionaire’s Row may have been his most notable acquisition. It was at the time the most expensive house in New York.
The six-bedroom residence, which is just under 11,000 square feet in size, takes up the whole 89th and 90th floors of the Midtown One57 skyscraper. He spent $40 million on a second penthouse in Boston in 2017.
When it was finished, the skyscraper was the tallest residential structure in Boston. Another house in Los Cabos, Mexico, that has reportedly just been purchased as an investment has been up for sale for $18.5 million.
For his family in Austin, Michael finished building a 33,000-square-foot house in 1996. There are 8 bedrooms, a home gym, and an indoor lap pool in this house. The overall compound is around 120 acres in size, and Dell and his wife own additional parcels that are close to this property.
In 1997, when Michael received a $600,000 property tax bill, this property came into legal contention. Dell stated that despite his home’s assessed worth of $22.5 million, he had spent an additional $30 million on upgrades alone (something that would have offset his tax bill).
Michael Dell established a presence on the Kohala coast of the Big Island of Hawaii with the acquisition of another spectacular home in 2004, following MSD Capital’s acquisition of the Four Seasons Maui.
Michael’s property is in the elite Kukio area, which is absolutely off-limits to anyone who isn’t a homeowner. Since it has seven bedrooms and 18,500 square feet of space, Michael’s house in Kukio is obviously the biggest in the entire neighborhood.
Issues of Ownership
Michael Dell is the sole proprietor of MSD Capital and holds a 65% stake in MSD Partners, which together manages assets worth more than $16 billion. In 2003, Dell Inc. was taken private for $25 billion, and in 2018, it was relisted on the stock market.
Michael is the owner of 50% of the company’s outstanding stock. In order to create Dell Technologies, the largest private technology corporation in the world, he paid $67 billion for EMC Corp. in 2015. Annual revenue for Dell Technologies is above $90 billion.
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