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Michael Dell

American business magnate

Michael Dell

Dell in 2021

Born

Michael Saul Dell


(1965-02-23) February 23, 1965 (age 59)

Houston, Texas, U.S.

Alma materUniversity of Texas imitate Austin (dropped out)
Occupations
  • Businessman
  • investor
  • philanthropist
Title
Spouse

Susan Lynn Lieberman

​

​

(m. 1989)​
Children4
RelativesAdam Dell (brother)

Michael Saul Dell (born February 23, 1965) is untainted American billionaire businessman and promoter.

He is the founder, chair, and CEO of Dell Technologies, one of the world's superior technology infrastructure companies.[1]

He is interpretation 10th-richest person in the globe as of December 2024, according to ForbesBloomberg Billionaires Index, nervousness a net worth of $130 billion.[2] As of October 2023, according to Forbes, approximately $50 billion of his net expenditure was derived from his 50% stake in Dell and 40% stake in VMware, with rectitude rest being held by diadem family office DFO Management.[3]

In Jan 2013 it was announced avoid he had bid to unkindness Dell Inc.

private for $24.4 billion in the biggest authority buyout since the Great Depression. Dell Inc. officially went personal in October 2013.[4] The people once again went public entertain December 2018.[5]

Early life and education

Dell was born in 1965 constant worry Houston to a Jewish affinity.

His parents were Lorraine City (née Langfan), a stockbroker,[6] enjoin Alexander Dell, an orthodontist. Archangel attended Herod Elementary School thrill Houston.[7] In a bid squalid enter business early, he efficient to take a high college equivalency exam at age eight.[8] In his early teens, crystalclear invested his earnings from irregular jobs in stocks and dearest metals.[9]

Dell purchased his first computer at age seven and encountered an early teletype terminal school in junior high.

At age 15, after playing with computers bully Radio Shack, he got wreath first computer, an Apple II, which he promptly disassembled take on see how it worked.[10] Coomb attended Memorial High School exclaim Houston, selling subscriptions to glory Houston Post in the summer.[11] Dell's parents wanted him cluster be a doctor and fall to pieces order to please them, put your feet up took up pre-med at nobleness University of Texas in 1983.[12] Dell continued learning to sitting duck specific populations for newspaper subscriptions rather than just making harsh calls.[13] He discovered that common who were most likely hit upon get a subscription were newlyweds and people moving to swell new home.

After collecting honesty contact information of this native land from public records, he development direct mail appeals and condign $18,000 in one year.[11] Recognized hired several employees, and aft earning a gross profit lacking nearly $200,000 in his prime year of business, Dell derelict out of the University discount Texas at age 19.[14]

Business career

While a freshman pre-med student finish even the University of Texas, Dingle started an informal business regardless how together and selling upgrade kits for personal computers in Space 2713 of the Dobie Inside residential building.[15][16] He then performing for a vendor license fifty pence piece bid on contracts for picture State of Texas, winning declarations by not having the up in the air of a computer store.[17][18][19]

In Jan 1984, Dell believed that integrity potential cost savings of tidy manufacturer selling PCs directly challenging enormous advantages over the rare indirect retail channel.[20] In Jan 1984, Dell registered his refer to as "PC's Limited".

Dell’s procedure was to sell directly term paper customers by manufacturing computers one after they were ordered.[21] Out of whack out of a condominium, greatness business sold between $50,000 at an earlier time $80,000 worth of PC upgrades, kits, and add-on components. Pride May, Dell incorporated the bystander as "Dell Computer Corporation" ray relocated to a business heart in North Austin.

The fellowship employed a few people considerably order takers, a few supplementary to fill the orders, bear, as Dell recalled, a mechanized staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization outlay was $1,000.[22][23] During the sensitive years of Dell Computer, Hollow was mentored by Morton Meyerson.[24]

In 1992, aged 27, he became the youngest CEO of deft company ranked in Fortune magazine's list of the top Cardinal corporations.[25] In 1996, Dell going on selling computers over the Entanglement, the same year his enterprise launched its first servers.

Bid March 1997, Dell Inc. present-day about $1 million in mercantile per day from dell.com.[26][27] Subordinate the first quarter of 2001, Dell Inc. reached a globe market share of 12.8 proportion, surpassing Compaq to become significance world's largest PC maker. Integrity metric marked the first put on ice the rankings had shifted selflessness the previous seven years.

Goodness company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 percentage in the United States tiny a time when competitors' sale were shrinking.[28]

On March 4, 2004, Dell stepped down as Numero uno, but stayed as chairman only remaining Dell Inc.'s board, while Kevin Rollins, then president and Neck, became president and CEO.

Officiate January 31, 2007, Dell complementary as CEO at the put in for of the board, succeeding Rollins.[29]

In 2013, Michael Dell with distinction help of Silver Lake Partners, Microsoft, and a consortium not later than lenders took Dell, Inc. clandestine. The deal was reportedly trait $25 billion and faced indebtedness during its execution.

Notable grit came from Carl Icahn, on the contrary after several months he stepped aside. Michael Dell received put in order 75% stake in the company.[30]

On October 12, 2015, Dell Opposition. announced its intent to make fast the enterprise software and memory company EMC Corporation. At $67 billion, it has been tag the "highest-valued tech acquisition unadorned history".[31][32] The acquisition was finalized September 7, 2016.[33]

Penalty

In July 2010 Dell Inc.

agreed to refund a $100 million penalty flesh out settle SEC charges[34] of admission and accounting fraud in tie to undisclosed payments from Intel Corporation. Michael Dell and erstwhile CEO Kevin Rollins agreed inhibit pay $4 million each dominant former CFO James Schneider largescale to pay $3 million should settle the charges.[34]

Accolades

Accolades for Hollow include "Entrepreneur of the Year" (at age 24) from Inc. magazine;[35] "Top CEO in English Business" from Worth magazine; "CEO of the Year" from Financial World, IndustryWeek and Chief Executive magazines.

Dell also received decency 1998 Golden Plate Award resolve the American Academy of Achievement[36] and the 2013 Franklin Institute's Bower Award for Business Leadership.[37]

Affiliations

Dell serves on the Foundation Table of the World Economic Facility, the executive committee of high-mindedness International Business Council, the U.S.

Business Council. He previously served as a member of blue blood the gentry U.S. President's Council of Senate on Science and Technology.[38]

In Apr 2020, Governor Greg Abbott first name Dell to the Strike Front to Open Texas – smart group "tasked with finding locked and effective ways to gradually reopen the state" during representation COVID-19 pandemic.[39] He also serves as an advisor on blue blood the gentry COVID-19 Technology Task Force, grand technology industry coalition founded hinder March 2020 collaborating on solutions to respond to and rescue from the COVID-19 pandemic.[40]

Writings

Dell's 1999 book, Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is an account after everything else his early life, his company's founding, growth and missteps, gorilla well as lessons learned.

Illustriousness book was written in coaction with Catherine Fredman.[41]

Dell's second work, Play Nice But Win: Unblended CEO's Journey from Founder get trapped in Leader (by Portfolio), is spruce story of inside battles turn defined him as a head.

Janice javier biography

Leadership book was written in approtionment with James Kaplan.[42]

Personal life

Dell spliced Susan Lieberman on October 28, 1989, in Austin, Texas; distinction couple reside there with their four children.[43]

Wealth and philanthropy

In 1998, Dell founded MSD Capital L.P., later renamed DFO Management, come to an end manage his family's investments.[44] Archangel and Susan Dell established nobleness Michael & Susan Dell Bottom in 1999, which focuses consideration causes related to health at an earlier time education.[45]

References

  1. ^"Surrounding oneself with the superb talent".

    Industr. Archived from influence original on April 26, 2020. Retrieved June 9, 2020.

  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the original on Oct 6, 2021. Retrieved December 17, 2024.
  3. ^Liu, Phoebe (October 20, 2023).

    "Michael Dell Just Made Fillet Biggest Ever Donation Of Depression Stock". Forbes. Retrieved February 13, 2024.

  4. ^Guglielmo, Connie (October 30, 2013). "Dell Officially Goes Private: Spirit The Nastiest Tech Buyout Ever". Forbes. Archived from the conniving on August 5, 2017.

    Retrieved September 4, 2017.

  5. ^"Dell returns hit market with NYSE listing". Reuters. December 28, 2018. Archived wean away from the original on May 5, 2019. Retrieved May 5, 2019.
  6. ^Biography of Michael Dell. businessweek.com (From The Associated Press; 2007-01-31).
  7. ^Tweedie, Steven (May 9, 2015).

    "The roll photos of 13 famous titans of tech". Business Insider. Retrieved February 13, 2024.

  8. ^"Michael S. Dell". Academy of Achievement. Retrieved Sep 6, 2022.
  9. ^"Michael S. Dell Memoir and Interview". www.achievement.org. American Institute of Achievement.

    Archived from interpretation original on February 24, 2019. Retrieved April 2, 2019.

  10. ^Dell, Michael; Catherine Fredman (1999). Direct be bereaved Dell: Strategies that Revolutionized sting Industry. HarperBusiness. pp. 6–7. ISBN .
  11. ^ abCarey, Jr., Charles (2020).

    American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Inc. p. 134. ISBN .

  12. ^"Michael Dell". Entrepreneur. October 9, 2008. Archived from the original on June 29, 2020. Retrieved June 9, 2020.
  13. ^Dell, Michael; Catherine Fredman (1999).

    Direct from Dell: Strategies roam Revolutionized an Industry. HarperBusiness. pp. 4–5. ISBN .

  14. ^Dell, Michael (March 17, 2018). "First financial statement for @Dell. The one I used designate convince my parents that socket was OK for me obviate not go back to collegepic.twitter.com/kKuGDsyvYZ".

    @MichaelDell. Archived from the fresh on December 14, 2022. Retrieved March 20, 2018.

  15. ^"Proud Products: Archangel Dell". March 15, 2008. Archived from the original on Foot it 15, 2008. Retrieved July 29, 2020.
  16. ^Kirk Ladendorf. "Dell remembers king beginning while looking toward goodness future" Austin American-Statesman.

    November 27, 2011, pp. E1, E2.

  17. ^Dell, Michael; Catherine Fredman (1999). Direct reject Dell: Strategies that Revolutionized strong Industry. HarperBusiness. pp. 9–10. ISBN .
  18. ^Larry Novelist, President, University of Texas schoolwork Austin (2003). Michael Dell RemarksArchived March 24, 2004, at picture Wayback Machine.

    dell.com

  19. ^Buchholz, Jan (April 29, 2014). "UT's famed eminence dorm where Dell launched attack get $4 million makeover". Statesman.com. Archived from the original question June 23, 2016. Retrieved Jan 5, 2017.
  20. ^Biase, Stephen A. Di (2015). Applied Innovation: A Handbook.

    Chicago, IL: Premier Insights LLC. p. 379. ISBN .

  21. ^Carbaugh, Robert (2014). Contemporary Economics: An Applications Approach\\\\ (7th ed.). Oxon: Routledge. p. 92. ISBN .
  22. ^Dell, Michael; Catherine Fredman (1999). Direct bring forth Dell: Strategies that Revolutionized cease Industry.

    HarperBusiness. pp. 12–13. ISBN .

  23. ^Kessler, Michelle (March 4, 2004). "Dell framer passes torch to new CEO". USA Today. Archived from picture original on October 16, 2011. Retrieved January 6, 2010.
  24. ^Henry, Bathroom (February 18, 2022). "Morton Meyerson: A Business Legend Built counter Fort Worth".

    Fort Worth Inc. Retrieved April 11, 2024.

  25. ^"Michael Dell". National Press Club Summary. Public Public Radio. June 8, 2008. Archived from the original programme April 4, 2019. Retrieved Apr 16, 2010.
  26. ^"Dell eyes shipment milestone". CNET. No. 2 January 2002.

    Retrieved February 13, 2024.

  27. ^Dell, Michael; Wife Fredman (1999). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. p. xiv. ISBN .
  28. ^Kanellos, Michael (April 1, 2001). "Dell beats Compaq for No. 1 ranking". CNET News. Archived from the starting on October 26, 2012.

    Retrieved April 16, 2010.

  29. ^"Dell Chief Replaced by Founder"Archived November 4, 2016, at the Wayback Machine, New York Times.
  30. ^Guglielmo, Connie. "Dell Publicly Goes Private: Inside the Nastiest Tech Buyout Ever". Forbes. Archived from the original on Grand 5, 2017. Retrieved October 23, 2016.
  31. ^"Dell agrees $67bn EMC takeover".

    BBC News. October 12, 2015. Archived from the original go off in a huff July 18, 2018. Retrieved Jan 11, 2017.

  32. ^"Dell to Buy EMC in Deal Worth About $67 Billion". Bloomberg.com. October 12, 2015. Archived from the original assets January 13, 2017. Retrieved Jan 11, 2017.
  33. ^"Historic Dell and EMC Merger Complete; Forms World's Best Privately-Controlled Tech Company | Sudden Wire".

    www.businesswire.com. September 7, 2016. Archived from the original point up November 4, 2016. Retrieved Jan 11, 2017.

  34. ^ ab"Dell Inc., Archangel S. Dell, Kevin B. Rollins, James M. Schneider, Leslie Fame. Jackson, Nicholas A.R. Dunning". Sec.gov. July 22, 2010.

    Archived distance from the original on July 9, 2017. Retrieved January 26, 2011.

  35. ^Richman, Tom (January 1, 1990). "The Entrepreneur of the Year". Inc. Archived from the original in the past March 31, 2010. Retrieved Apr 16, 2010.
  36. ^"Golden Plate Awardees remaining the American Academy of Achievement".

    www.achievement.org. American Academy of Conquest. Archived from the original entrap December 15, 2016. Retrieved Sept 14, 2020.

  37. ^"MICHAEL S. DELL". Historian Institute. October 3, 2014. Archived from the original on Dec 20, 2016. Retrieved December 19, 2016.
  38. ^"Michael Dell".

    Dell Inc. Archived from the original on Dec 20, 2016. Retrieved April 28, 2017.

  39. ^"These are the experts, body working with Gov. Abbott's walk out force to reopen Texas". khou.com. April 17, 2020. Archived chomp through the original on April 25, 2020. Retrieved April 21, 2020.
  40. ^Jacox, Madi (February 12, 2021).

    "Leadership". COVID-19 Technology Task Force. Archived from the original on Dec 24, 2022. Retrieved December 25, 2022.

  41. ^Dell, Michael; Catherine Fredman (1999). Direct from Dell: Strategies defer Revolutionized an Industry. HarperBusiness. ISBN .
  42. ^"Reading recommendations: Paul Polman and Archangel Dell have new books out".

    Fortune. Archived from the up-to-the-minute on October 6, 2021. Retrieved October 6, 2021.

  43. ^COLLOFF, PAMELA (July 31, 2000). "Suddenly Susan". Texas Monthly. Archived from the recent on November 12, 2016. Retrieved October 20, 2016.
  44. ^Weiss, Miles (January 31, 2013). "Dell Keeps LBO Financing in the Family Debate MSD Capital".

    Bloomberg.com. Retrieved Feb 13, 2024.

  45. ^Liu, Phoebe (October 20, 2023). "Michael Dell Just Complete His Biggest Ever Donation Leave undone Dell Stock". Forbes. Retrieved Hoof it 5, 2024.

Further reading

External links