Michael Dell | |
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_(cropped).jpg) Dell in 2021 | |
| Born | Michael Saul Dell (1965-02-23)February 23, 1965 (age 60) Houston, Texas, U.S. |
| Education | University of Texas at Austin (dropped out) |
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| Children | 4 |
| Relatives | Adam Dell (brother) |
Michael Saul Dell (born February 23, 1965) is an Americanbillionaire businessman and investor. He is the founder, chairman, and CEO ofDell Technologies, one of the world's largesttechnology infrastructure companies.[1]
As of 2025, according to theBloomberg Billionaires Index, he is the 10th-richest person in the world with anet worth of US$151 billion.[2] As of October 2023, according toForbes, approximately $50 billion of his net worth was derived from his 50% stake in Dell and 40% stake inVMware, with the rest being held by his family officeDFO Management.[3]
In January 2013, it was announced that he had bid to take Dell Inc. private for $24.4 billion in the biggestmanagement buyout since theGreat Recession. Dell Inc. officially went private in October 2013.[4] The company once again went public in December 2018.[5]
Dell was born in 1965 inHouston to aJewish family.[6] His parents were Alexander Dell, anorthodontist, and Lorraine Charlotte (née Langfan), astockbroker.[7] Michael attendedHerod Elementary School in Houston.[8] In a bid to enter business early, he applied to take ahigh school equivalency exam at age eight.[9] In his early teens, he invested his earnings from part-time jobs instocks andprecious metals.[10]
Dell attendedMemorial High School in Houston, selling subscriptions to theHouston Post in the summer.[11] Dell's parents wanted him to be a doctor and in order to please them, he took uppre-med at theUniversity of Texas in 1983.[12] Dell continued learning to target specific populations for newspaper subscriptions rather than just making cold calls.[13] He discovered that people who were most likely to get a subscription were newlyweds and people moving to a new home. After collecting the contact information of this population from public records, he sent direct mail appeals and earned $18,000 in one year.[11] He hired several employees, and after earning a gross profit of nearly $200,000 in his first year of business, Dell dropped out of the University of Texas at age 19.[14]
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While a freshman pre-med student at theUniversity of Texas, Dell started an informal business putting together and selling upgrade kits for personal computers in Room 2713 of theDobie Center residential building.[15][16] He then applied for a vendor license to bid on contracts for the State of Texas, winning bids by not having the overhead of a computer store.[17][18][19]
In January 1984, Dell recognized thatselling PCs directly to consumers could cut costs compared to traditional retail.[20] He registered his company as "PC's Limited" and began operating from acondominium, selling between $50,000 and $80,000 worth of PC upgrades, kits, and add-on components.[21] Dell's strategy was to manufacture computers after receiving orders.[22] In May, Dell incorporated the company as "Dell Computer Corporation" and relocated to a business center in North Austin. The company employed a few people as order takers, a few more to fill the orders, and, as Dell recalled, a manufacturing staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization cost was $1,000.[21][23] During the formative years of Dell Computer, Dell was mentored byMorton Meyerson.[24]
In 1992, aged 27, he became the youngest CEO of a company ranked inFortune magazine'slist of the top 500 corporations.[25] In 1996, Dell started selling computers over the Web, the same year his company launched its firstservers. By March 1997, Dell Inc. reported about $1 million in sales per day from dell.com.[26][27] In the first quarter of 2001, Dell Inc. reached a world market share of 12.8 percent, surpassingCompaq to become the world's largest PC maker. The metric marked the first time the rankings had shifted over the previous seven years. The company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 percent in the United States at a time when competitors' sales were shrinking.[28]
On March 4, 2004, Dell stepped down as CEO, but stayed as chairman of Dell Inc.'s board, whileKevin Rollins, then president andCOO, became president and CEO. On January 31, 2007, Dell returned as CEO at the request of the board, succeeding Rollins.[29]
In 2013, Michael Dell with the help ofSilver Lake Partners, Microsoft, and a consortium of lenders took Dell, Inc. private. The deal was reportedly worth $25 billion and faced difficulties during its execution. Notable resistance came fromCarl Icahn, but after several months he stepped aside. Michael Dell received a 75% stake in the company.[30]
On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage companyEMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history".[31][32] The acquisition was finalized September 7, 2016.[33]
In May 2024, Dell announced a partnership withNvidia andServiceNow to develop "AI factories", aiming to provide scalable AI infrastructure solutions to enterprise clients.[34]
In July 2010, Dell Inc. agreed to pay a $100 million penalty to settle SEC charges[35] of disclosure and accounting fraud in relation to undisclosed payments fromIntel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each and former CFO James Schneider agreed to pay $3 million to settle the charges.[35]
Accolades for Dell include "Entrepreneur of the Year" (at age 24) fromInc. magazine;[36] "Top CEO in American Business" fromWorth magazine; "CEO of the Year" fromFinancial World,IndustryWeek andChief Executive magazines. Dell also received the 1998 Golden Plate Award of theAmerican Academy of Achievement[37] and the 2013Franklin Institute'sBower Award for Business Leadership.[38]
Dell serves on the Foundation Board of theWorld Economic Forum, the executive committee of the International Business Council, the U.S. Business Council. He previously served as a member of the U.S.President's Council of Advisors on Science and Technology.[39]
In April 2020, GovernorGreg Abbott named Dell to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" during theCOVID-19 pandemic.[40] He also serves as an advisor on the COVID-19 Technology Task Force, a technology industry coalition founded in March 2020 collaborating on solutions to respond to and recover from the COVID-19 pandemic.[41]
Dell's 1999 book,Direct from Dell: Strategies That Revolutionized an Industry (byHarperBusiness), is an account of his early life, his company's founding, growth and missteps, as well as lessons learned. The book was written in collaboration with Catherine Fredman.[42]
Dell's second book, 2021’sPlay Nice But Win: A CEO's Journey from Founder to Leader (by Portfolio), is a story of inside battles that defined him as a leader. The book was written in collaboration withJames Kaplan.[43]
Dell married Susan Lieberman on October 28, 1989, inAustin, Texas; the couple resides there with their four children.[44]
The centrepiece of the Kukio neighborhood in Hawaii is the 18,500-square-foot Raptor Residence, owned by Dell and valued at $64.7 million. With three lots and the widest waterfront view of any house in the neighborhood, Dell's house has seven bedrooms, seven full bathrooms, and five half bathrooms. Additionally, Dell owns a portion ofHualalai, which he purchased in 2006 through his private investment company.[45]
In 1998, Dell founded MSD Capital L.P., later renamed DFO Management, to manage his family's investments.[46] Michael and Susan Dell established theMichael & Susan Dell Foundation in 1999, which focuses on causes related to health and education.[47][48] According to Susan Dell, they have given away over $3 billion over the past 26 years, mostly to children's causes. This would put the Dells among the nation'stop givers.[49]
In December 2025, Michael and Susan Dell announced they would donate $6.25 billion to investment accounts for children, known asTrump accounts, in the United States. The donation is expected to provide $250 to 25 million children inZIP codes with a median income of $150k or less for children 10 or under who were born before Jan. 1 2025.[50] The Dells hope that other philanthropists, corporations, as well as state and local governments will contribute to the accounts.[49]
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