Hey! Welcome to SGX-Nifty‘s other blog post on Michael Dell Net Worth – 2024: Michael Dell, the founder and CEO of Dell Technologies, is a visionary entrepreneur who has altered the personal computing market. Michael Dell’s net worth is expected to surpass $52 billion by 2024, placing him among the world’s wealthiest individuals. His firm, Dell Technologies, is a global leader in computers, software, and IT infrastructure solutions, which contributes greatly to his enormous riches.
Who is Michael Dell?
Michael Saul Dell is an American entrepreneur, philanthropist, and author. He is most recognized for founding Dell Inc., one of the world’s top technology businesses. Michael Dell’s narrative of establishing a corporation in his college dorm room and growing it into a multibillion-dollar empire exemplifies creativity and entrepreneurship.
Biography
| Detail | Information |
|---|---|
| Full Name | Michael Saul Dell |
| Date of Birth | February 23, 1965 |
| Place of Birth | Houston, Texas, USA |
| Nationality | American |
| Occupation | Businessman, Investor, Philanthropist |
| Known for | Founder of Dell Technologies |
| Net Worth (2024) | $112 billion |
Michael Dell’s Net Worth 2024
Michael Dell is an American corporate executive and technology entrepreneur worth $112 billion. Michael Dell is the sole owner of MSD Capital and controls 65% of MSD Partners, which manages more than $16 billion in combined assets, with around $12 billion coming from Michael’s personal fortune. Dell Inc. went private in 2003 for $25 billion before re-entering the public markets in 2018. Michael owns 50 percent of the company’s outstanding shares. In 2015, he bought EMC Corp. for $67 billion, forming Dell Technologies, the world’s largest private technology firm. Dell Technologies earns more than $90 billion in revenue every year.
Michael Dell dropped out of college and abandoned his incomplete medical degree to start a highly profitable computer repair business. This $1,000 venture evolved into Dell, Inc. Today, Dell is a publicly traded firm with an annual revenue of more than $90 billion. Michael owns almost 50% of Dell as of this writing.
Net Worth Breakdown
| Source of Wealth | Amount (USD) |
|---|---|
| Dell Technologies | $85 billion |
| MSD Capital Investments | $25 billion |
| Real Estate | $2 billion |
| Total Net Worth | $112 billion |
Early Life and Education
Michael Saul Dell was born on February 23, 1965, in Houston, Texas. Raised in a Jewish family, Michael was so eager to enter the business world that he passed a high school equivalency exam at the age of eight. As a teen, he enjoyed investing in equities and precious metals using money he earned via part-time work. Michael’s earliest computer encounters were purchasing a calculator when he was seven years old and viewing an early teletype terminal in high school.
After years of playing with computers at the local Radio Shack, he bought his first one at the age of 15. It was an Apple II, and Dell promptly disassembled the complete computer to see how it operated. Michael made money in his teen years by working as a dishwasher and selling local newspaper subscriptions.
Despite Michael’s obvious enthusiasm for computers and business, his parents wanted him to become a doctor. Dell complied with their requests and enrolled in pre-med at the University of Texas in 1983. Throughout the summer, he continued to sell subscriptions to the “Houston Post.” He eventually earned $200,000 per year from just this early company chance. Understandably, Michael dropped out of college at the age of 19 to focus solely on his entrepreneurial career.
Dell Computer Corporation
After years of playing with computers at the local Radio Shack, he bought his first one at the age of 15. It was an Apple II, and Dell promptly disassembled the complete computer to see how it operated. Michael made money in his teen years by working as a dishwasher and selling local newspaper subscriptions.
Despite Michael’s obvious enthusiasm for computers and business, his parents wanted him to become a doctor. Dell complied with their requests and enrolled in pre-med at the University of Texas in 1983. Throughout the summer, he continued to sell subscriptions to the “Houston Post.” He eventually earned $200,000 per year from just this early company chance. Understandably, Michael dropped out of college at the age of 19 to focus solely on his entrepreneurial career.
Philanthropy
Michael Dell and his wife, Susan, are highly committed to philanthropy. The Michael & Susan Dell Foundation has donated billions of dollars to causes such as health, education, and economic stability. The organization works to improve children’s health and education in underserved regions around the world.
Awards and Honors
| Award | Year | Contribution |
|---|---|---|
| Entrepreneur of the Year (Inc.) | 1989 | Leading Dell through a buyout |
| Time 100 Most Influential People | 2001, 2011 | Leadership in technology |
| CEO of the Year (CNBC) | 2013 | Leading Dell through buyout |
| Franklin Institute’s Bower Award | 2014 | Business Leadership |
Personal Life
Michael Dell is married to Susan Dell, and the couple has four children. The family resides in Austin, Texas, in a luxury property known as “The Castle.” Dell is an avid art collector who enjoys traveling and spending time with his family.
Social Media Presence
| Platform | Handle |
|---|---|
| @MichaelDell |
Facts About Michael Dell
- Michael Dell, 27, became the youngest CEO of a Fortune 500 business.
- Dell Technologies is one of the world’s largest privately held technology businesses.
- His company was taken private for $24.4 billion, one of the largest buyouts in history.
- Dell began his firm with only $1,000 from his college dorm room.
- The Michael & Susan Dell Foundation has contributed more than $2 billion to numerous charitable causes.
Hobbies and Interests
- Hobbies include collecting contemporary art, playing golf, and traveling with family.
- Philanthropy: He supports worldwide health, education, and economic stability through his foundation.
Conclusion
With a net worth of $112 billion, Michael Dell is not just a great entrepreneur, but also a philanthropist committed to making a positive difference in the world. His journey from college student to worldwide tech leader exemplifies the power of invention, hard work, and vision.
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FAQs
Q. What is Michael Dell’s net worth in 2024?
A: Michael Dell’s net worth in 2024 is expected to be at $112 billion.
Q: How did Michael Dell make money?
A: Michael Dell gained a fortune by developing Dell Technologies and investing in MSD Capital.
Q: What are Michael Dell’s charity efforts?
A: Michael Dell and his wife established the Michael & Susan Dell Foundation, which works on health, education, and economic stability initiatives around the world.
Q: Is Michael Dell still CEO of Dell Technologies?
A: Yes, Michael Dell is still the CEO and chairman of Dell Technologies.