Michael Saul Dell was born on 23rd February 1965, in Houston, Texas USA, of Jewish descent. He is a business mogul, successful investor and active philanthropist. Dell Inc., one of the largest computer technology companies, was been founded by Michael Dell, who is its current CEO. The above mentioned company is also the main source of his wealth.
Michael Dell Net Worth $21.7 Billion
Michael Dell is one of the richest people in the world. Currently, it has been announced that the net worth of this successful businessman reaches the sum of $21.7 billion. Dell is ranked as number 47 in the list of the richest people in the planet made by Forbes in 2015. His assets include a luxurious Gulfstream 500 valued at $14.6 million, the ranch and mansion in Austin Texas valued at $100 million, an exotic Carrera GT valued at $400,000 and other luxury. In 2013, Dell spent $24.9 billion to take full control of Dell Inc and turn it private.
Born into the family of a stockbroker and orthodontist, Michael Dell was into business from early childhood. Eager to enter business as soon as possible, he sat general educational development exams being eight years old. As a teenager, he did part-time jobs and invested his salary in precious metals and stocks, as well as posting articles in the Houston Post. As a student at the University of Texas he began his computer business designing and selling computer kits. Later, he sold computers under the license of a vendor. Michael dropped out of university with the view of pursuing his own business career, registering his own company in 1984. The sales were growing very fast, so of course as a result the company was expanding, and the wealth of the owner was rising, too.
Soon, Michael Dell became famous, and at the age of 24, he was named Entrepreneur of the Year by Inc. magazine. At 27 years of age, Dell became the youngest CEO inducted into the list compiled by Fortune magazine. After the first servers of Dell Inc. were launched, sales were estimated to have reached $1 million a day. Needless to mention the fact, that this significantly increased the net worth of Michael Dell. More, he invested money into real estate, private equity activities and publicly traded securities. For instance, he invested $11 billion into other companies in 2011. Furthermore, Michael Dell was the recipient of Franklin Institute’s Bower Award for Business Leadership 2013.
In 1999, Michael Dell published the book “Direct from Dell: Strategies That Revolutionized an Industry” where the path of his success has been described.
Moreover, Michael Dell is not only one of the most successful businessmen in the world, but also one of the most active philanthropists. The Michael and Susan Dell Foundation was established in 1999, with the greatest attention being paid in helping research and health institutions. Among other donations, millions have been provided to implement educational and community initiatives in South Africa, India, Israel and USA. More, he donated $250,000 to the second campaign of President George W. Bush in 2004.
In 1989, Michael Dell married his wife Susan Lynn. The family has four children, and resides in Austin, Texas, USA.
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