What is Michael Dell’s Net Worth?
|Net Worth in 2022||60 Billion|
|Profession||CEO of Dell Technologies|
|Monthly Income And Salary||$230 Million +|
|Yearly Income And Salary||$3 Billion +|
Michael Dell has an estimated net worth of $60 billion as of November 2022. He has earned all his fortune from his entrepreneurial career.
He is also the sole owner of an investment firm, MSD Capital.
Dell is managing more than $16 billion in combined assets as the owner of 65% of MSD Partners. His company Dell Inc. went private in 2013 for $25 billion. However, it got traded publicly again in 2018.
Michael also purchased EMC Corp. for $67 billion in 2015 to form Dell Technologies as the largest private technology company in the world.
Presently, his company is earning $101 billion in revenue annually.
Michael Dell’s Net Worth Growth (Last 5 Years)
|Net Worth Year||Total Income|
Who is Michael Dell? Biography, Career, Net Worth
Michael Dell is 57 years old American billionaire businessman, author, and philanthropist. As of November 2022, Michael Dell’s net worth is $60 billion.
He is well known for being the founder, chairman, and CEO of an American multinational technology company Dell Technologies Inc.
He recently ranked the 20th richest person in the world by Bloomberg Billionaires Index.
In addition, Michael is also the founder of an American private investment firm MSD Capital.
After dropping out of college, Dell started a computer repair business. In 1984, he registered his company as “PC’s Limited”, which eventually grew into Dell, Inc.
Today, Dell Inc is a publicly traded company that generates over $101 billion annually in revenue. Fortunately, Michael owns 50% shares in the company.
In 2011, Michael received 12% ownership of the company from his 243.35 million shares of Dell stock, worth $3.5 billion.
Moreover, Dell has invested $10 billion in other ventures managed by MSD Capital.
As an author, Michael collaborated with James Kaplan to write a book titled Play Nice But Win: A CEO’s Journey from Founder to Leader.
How did Michael Dell earn Billions?
Michael Dell began his career by selling upgrade kits for personal computers. In 1984, he registered his company as “PC’s Limited”, earning between $50,000 and $80,000 profit.
He later renamed the company “Dell Computer Corporation” and employed a few people.
The company eventually turned profitable, making him the youngest CEO of a company ranked in Fortune magazine’s list of the top 500 corporations in 1992.
In 1996, Michael launched the sales of his computers over the web making $1 million in sales per day from dell.com.
Besides Dell Inc, he also founded an investment firm, MSD Capitals, to manage his family’s investments in 1998.
The company looks after private equity activities, real estate, and publicly traded securities.
Moreover, MSD Capitals owns indirect stakes in Calvin Klein, IHOP, Applebees, Grand Central Station, and Four Seasons Maui.
In 2004, Michael stepped down as CEO of Dell Inc. However, he returned to the position at the request of the board members in January 2007.
In 2013, Dell Inc went private with a deal worth $25 billion. As per the deal, Michael received a 75% stake in the private company.
In 2015, Dell Inc acquired EMC Corporation for $67 billion, becoming the highest-valued tech company.
The company again returned to public markets in 2018.
Michael Dell in Real Estate
Michael Dell has invested a lot of his wealth in real estate.
In 2014, he acquired a penthouse on Manhattan’s Billionaire Row for $100 million. The purchase became New York’s most expensive home deal.
The property features six-bedroom in 11,000 square feet occupying the 89th and 90th floors of the One57 building in Midtown.
In 2017, Michael got another penthouse in Boston for $40 million. The property is in the Four Seasons Private Residencies building on Dalton Street.
He also purchased a property in Los Cabos, Mexico, for investment purposes. It later got listed in the market for $18.5 million.
Aside from this, Michael has a home in Austin for his family. The property is 33,000 square feet.
It features eight bedrooms, an indoor lap pool, and a gym. There are also some lots adjacent to the property on 120 acres.
Dell also has a 6D Ranch made for Arabian horses.
Michael Dell’s Age & Birthday
Michael Dell was born on 23rd February 1965 in Houston, Texas, named Michael Saul Dell. According to his date of birth, Michael Dell is 57 years old.
He was born in the family of Lorraine Charlotte and Alexander Dell. His father worked as an orthodontist while his mother was a stockbroker.
Michael also has a brother named Adam Dell. Adam is working as a venture capitalist and attorney.
At 8, Dell took a high school equivalency exam and started investing his part-time earned money in stocks and precious metals.
At 15, Michael got his first computer, an Apple II, after playing with computers at Radio Shack. He later disassembled it to watch its functioning mechanics.
As a teen, he earned around $18,000 by selling newspaper subscriptions to target specific populations. He further made $200,000 gross profit in his first year of business.
At 19, Dell dropped out of college to pursue his entrepreneurial career.
Michael attended Herod Elementary School in Houston for his studies. Later, he joined Memorial High School, where he started selling subscriptions to the Houston Post in the summer.
In 1983, Dell took up pre-med at the University of Texas but soon dropped out of the university to pursue a career in business.
Michael Dell’s Wife & Kids
Michael Dell got married to Susan Lieberman in October 1989. They have four children: Alexa, Kira, Zachary, and Juliette Dell.
The family lives in Austin, Texas.
Michael Dell‘s Social Media Profiles
Michael Dell is active on social media such as Facebook, Twitter, and Instagram accounts.
He has more than 676.5K followers on his Twitter account and he has about 17.2K followers on his Instagram account as of 8 November 2022.
|Real Name||Michael Saul Dell|
|Famous Name||Michael Dell|
|Birth Place||Houston, Texas, United States|
|Birthday||23 February 1965|
|Age/How old?||57 years old|
|Wife||Susan Dell (m. 1989)|
|Info Updated||November 2022|
Michael Dell is an American billionaire businessman with a net worth of $60 billion as of November 2022. He is famous for being the founder, CEO, and chairman of Dell Inc.
Michael dropped out of his medical career to pursue an entrepreneurial business in the world of computers. He founded his tech company and made it the third largest vendor in the market.
As of 2018, Dell owned more than 15% of the personal computer market by launching brands such as XPS, Alienware, and Latitude.
Moreover, he owns an investment company, MSD Capitals, and is also an author.
Michael Saul Dell is an American billionaire businessman and philanthropist.
According to his birthdate of 23 February 1965, Michael Dell‘s age is 57 years as of 2022.
As of 2022, Michael Dell‘s net worth is roughly calculated at $60 Billion.
Michael Dell married Susan on 28 October 1989.
Michael Dell has four Kids With his wife Susan. He has two daughters and two sons.