Michael Dell net worth

What is Michael Dell’s net worth?

 

Net Worth:  $52bn

Age: 57

Born: February 23, 1965

Gender:  Male

Height: 1.70 m (5 ft 7 in)

Country of Origin:  US

Source of Wealth:  Entrepreneur

Last Updated: August 2, 2022

Introduction

As of August 2022, Michael Dell’s net worth is estimated to be $52bn.

Michael Saul Dell is an American businessman, investor, philanthropist and author from Houston. Dell is the founder and CEO of Dell Technologies, one of the world’s largest technology infrastructure companies. He is ranked as the 39th richest person in the world by Forbes.

Early Life

Michael Saul Dell was born on the 23rd of February 1965, in Houston. Dell was born to a Jewish family whose surname reflects the translation into English of the original German Tal.

Dell is the son of Lorraine Charlotte and Alexander Dell. He attended Herod Elementary School in Houston. In a bid to enter business early, he applied to take a high school equivalency exam at age eight.

Career

Dell registered his company as PC’s Limited in 1984. The same year he changed the name of the company to Dell Computer Corporation. By now his business had grown to include a few employees to take and fill orders and upgrade basic machines.

He emphasised on customer focus and made quality products and excellent customer service his priorities. His convictions paid off and the company’s sales grew manifold in the months to come.

In 1986, Dell introduced a 12-megahertz 286 processor, the fastest personal computer at that time. The price of this product compared favourably with a competing computer by IBM, and it became a huge success.

By 1992, the company was ranked in Fortune magazine’s list of the top 500 corporations. Dell, aged just 27 at that time was the CEO of one of the most successful companies in the world.

Dell launched its first servers in 1996 and storage products in 1998. In 1998, he also founded the MSD Capital LP to manage his family’s investment activities which include publicly traded securities, private equity activities and real estate.

As of August 2022, Michael Dell’s net worth is $52bn.

Highlights

Here are a few highlights from Michael Dell’s career:

He is the founder and CEO of Dell Technologies

Dell is ranked as the 39th richest person in the world by Forbes

His 243.35 million shares of Dell Inc. stock were worth $3.5 billion, giving him 12 percent ownership of the company (2011)

Favourite Quotes from Michael Dell

“Visionaries have the unique ability to dream of what’s possible and then make it a reality. We are excited to watch these visionaries use technology to help students develop skills in collaboration, critical thinking, and teamwork that they’ll need to compete in the global economy.” – Michael Dell

“We’ve found that customers are very open. They’ll tell you what’s going on, what’s working and what’s not. They’re looking for help.” – Michael Dell

“There are a lot of things that go into creating success. I like to do things that cause the company to succeed. I don’t spend a lot of time doing my favourite activities.” – Michael Dell

“Don’t be afraid to fail. Get out there and experiment and learn and fail and get a rate based on the experiences you have. Go for it and when you go for it you’ll learn what you’re capable of, what the potential is, where the opportunities are, but you can’t be afraid to fail because that’s when you learn.” – Michael Dell

“Recognise that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.” – Michael Dell

Three Entrepreneurship Lessons from Michael Dell

Here are the top lessons to learn from the success Dell has achieved:

1. Innovate When You See an Opportunity

Michael Dell is famous for saying “There’s got to be a better way of doing it”. When he sees an opportunity, he wants to take full advantage of it.

Michael recognised the huge opportunity he had to offer better service and cheaper laptops in a market that was gradually warming up to personal computers in a big way. He started his own company in 1984 and sold $80,000 worth of devices in the first year.

2. Fuel Your Passion

Michael has been a vocal supporter of entrepreneurship in the world. He wants founders to find what moves them and then go ahead with it full-steam.

He says, “Whether you’ve found your calling, or if you’re still searching, passion should be the fire that drives your life’s work.” If you’re not passionate about what you do, it will reflect on your work and performance, and eventually, stop you from achieving your full potential.

3. Failure is a Part of Life

Michael has gone his whole career failing from one project to another, but he has always maintained that what he learned, in the end, is invaluable. In his words, “Recognise that there will be failures and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.” Nobody who has ever become successful has done so without fail. Accept it as part-and-parcel of your journey, focus on the lessons you can take away, and move on.

Summary

Michael Saul Dell is an American business magnate who founded Dell Inc., which is a world leader in the sales of personal computers (PCs).

Currently, he serves as the CEO of the organisation which he had founded as Dell Computer Corporation more than three decades ago. One of the richest people in the world, he has billions invested in other companies as well.

As of August 2022, Michael Dell’s net worth is estimated to be $52bn.