Michael Saul Dell was born February 23, 1965 and he 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 25th among the world’s richest according to the Bloomberg Billionaires Index , with a net worth of US$51.7 billion as of April 17, 2021.

He is one of the most richest business men.

Michael Dell Biography

He was born in 1965 in Houston , to a Jewish family whose surname reflects the English translation of the German original Thal (“valley” or ” dale “; modern spelling of common name Tal since the German spelling reform of 1901  ) about the family’s immigration to the United States.

His parents were Lorraine Charlotte (born Langfan), a stockbroker , and Alexander Dell, an orthodontist. Michael Dell attended Herod Elementary School in Houston. He would go on to attend Memorial High School.

In an attempt to get into business early, he applied to take a high school equivalency exam at age eight.  In his teens, he invested his earnings from part-time jobs in stocks and precious metals. 

He bought his first calculator at age seven and came across a teletype terminal early in high school. At age 15, after playing with computers at Radio Shack, he got his first computer, an Apple II, which he quickly took apart to see how it worked.

He had a job as a dishwasher when he was 12 years old and was quickly promoted to maitre d’.  He was attending Memorial High School in Houston, selling subscriptions to the Houston Post in the summer. His parents wanted him to be a doctor and, to please them, he took pre-med at the University of Texas in 1983.

He was continuing to learn to target specific populations for newspaper subscriptions instead of just cold calling, earning $18,000 that summer. 

He was hiring several employees and, after grossing nearly $200,000 in his first year of business, he was dropping out of the University of Texas at age 19. 

Michael Dell Career

While a pre-med freshman at the University of Texas, he was starting an informal business putting together and selling upgrade kits for personal computers in room 2713 of the Dobie Center residential building. 

He then applied for a vendor’s license to bid on contracts for the state of Texas, winning bids by not having the overhead of a computer store. 

In January 1984, he trusted its belief that the potential cost savings of a manufacturer selling PCs directly had enormous advantages over the conventional indirect retail channel. In January 1984, he registered their company as “PC’s Limited”. 

Operating out of a condominium, the company sold between $50,000 and $80,000 worth of PC upgrades, kits, and additional components. In May, he was incorporating the company as “Dell Computer Corporation” and he was relocating to a business center in North Austin

The company employed a few people as order takers, a few more to fulfill orders, and, as Dell recalled, a manufacturing staff consisting of “three guys with screwdrivers sitting at six-foot tables.”

In 1992, at age 27, he became the youngest CEO of a company listed on Fortune magazine’s Top 500 companies . 

In 1996, he start selling computers over the Web, the same year that 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. achieved a global market share of 12.8 percent, overtaking Compaq to become the world’s largest PC maker. The metric marked the first time the ranking had changed during the previous seven years. 

The company’s combined shipments of desktops, laptops and servers grew 34.3 percent worldwide and 30.7 percent in the United States at a time when sales from competitors were shrinking. 

In 1998, he founded MSD Capital LP 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. Him itself is not involved in day-to-day operations. 

On March 4, 2004, he stepped down as CEO, but he was remaining chairman of the board of Dell Inc., while Kevin Rollins, then president and chief operating officer, became president and chief executive officer. On January 31, 2007, he was returning as CEO at the request of the board, succeeding Rollins. 

In 2013, him, 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 ran into difficulties during its execution. Carl Icahn put up a notable resistance, but after several months he stepped aside. He was receiving a 75% stake in the private company. 

On October 12, 2015, Dell Inc. announced its intention to acquire enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the “highest-value technology acquisition in history.”  The acquisition was finalized on September 7, 2016.

Michael Dell Philanthropy

In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on, among other causes, grants, urban education, children’s health, and family economic stability. 

In 2006, the foundation awarded $50 million in grants to three health-related organizations associated with the University of Texas: the Michael & Susan Dell Center for the Advancement of Healthy Living, the Dell Pediatric Research Institute to complement the University of Texas Medical Center Dell Children’s, as well as financing for a new computer science building on the campus of the University of Texas at Austin.

In 2013, the foundation provided an additional $50 million commitment to establish the Dell School of Medicine at the University of Texas at Austin.

Since 1999, the MSDF has committed $1.23 billion to nonprofit organizations and social enterprises in the United States, India, and South Africa. He is also behind the founding of the Dell Jewish Community campus in the Northwest Hills neighborhood of Austin. 

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. The foundation currently manages assets worth more than $466 million. 

In 2002, he was receiving an honorary Doctor of Economics from the University of Limerick in honor of its investment in Ireland and the local community and for its support of educational initiatives. 

In 2012, the Michael and Susan Dell Foundation committed $50 million to medical education. Dell Medical School began enrolling students in 2016. 

In 2014, he was donatting $1.8 million to the Friends of the Israel Defense Forces.

In 2017, in the middle of Hurricane Harvey, him, a Houston native, pledged $36 million to relief efforts. 

In May 2017, he was donating $1 billion to his foundation, which focuses on child poverty; makes both impact investments and charitable donations.

In 2018, Dell Technologies was returning to the public markets through a complicated financial restructuring.

Michael Dell Penalty

In July 2010, Dell Inc. agreed to pay a $100 million fine to settle SEC charges  of disclosure and accounting fraud in connection with undisclosed payments from Intel Corporation. 

Michael Dell and former CEO Kevin Rollins have each agreed to pay $4 million and former CFO James Schneider has agreed to pay $3 million to settle the charges. 

Michael Dell Acknowledgments

Accolades for Dell include “Entrepreneur of the Year” (at age 24) from Inc. magazine ;  Worth magazine’s “Top CEO in American Business” ; “CEO of the Year” from Financial World , Industry Week and Chief Executive magazines . 

He was also receiving the 1998 Gold Plaque Award from the American Academy of Achievement and the 2013 Franklin Institute’s Bower Award for Business Leadership. 

Michael Dell Affiliations

He is a member of the World Economic Forum Foundation Board, the executive committee of the International Business Council, the US Business Council. He previously served as a member of the US President’s Council of Advisors on Science and Technology. 

In April 2020, Governor Greg Abbott appointed 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. 

Michael Dell Writings

Dell ‘s 1999 book , Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is an account of his early years, his company’s founding, growth, and mistakes, as well as lessons learned. The book was written in collaboration with Catherine Fredman.

Michael Dell Net Worth

Forbes was estimating his net worth at $50.4 billion as of April 2021. 

In February 2018, it was reported that in 2014 he had paid $100.5 million for Manhattan’s One57 penthouse, which at the time was a record for the most expensive house ever sold in the city. 

Michael Dell Private Life

He was marrying Susan Lieberman on October 28, 1989, in Austin, Texas and the happy couple is living there with their four childrens.

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