Michael Dell
Michael Dell was born in Houston, Texas, United States on February 23rd, 1965 and is the Entrepreneur. At the age of 59, Michael Dell biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 59 years old, Michael Dell physical status not available right now. We will update Michael Dell's height, weight, eye color, hair color, build, and measurements.
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and philanthropist.
He is the founder and CEO of Dell Technologies, one of the world's largest technology infrastructure firms.
Forbes has ranked him as the world's richest individual, with a net worth of $31.0 billion as of October 2019.
The stock had a value of $3.5 billion, giving him a 12% interest in the company.
His remaining wealth of about $10 billion is invested in other companies and is operated by MSD Capital, which also includes his initials.
In January 2013, it was revealed that he had bid to purchase Dell Inc.
The largest management buyout since the Great Recession took place privately for $24.4 billion.
Dell Inc.
On October 29, 2013, the company went private.
In December 2018, the firm went public for the first time.
Early life and education
Dell was born in Houston, Texas, to a Jewish family. Lorraine Charlotte (née Langfan), a stockbroker, and Alexander Dell, an orthodontist, were among his parents. Michael Dell attended Herod Elementary School in Houston. He will continue to attend Memorial High School. He applied for a high school equivalency exam at age eight in an effort to get into work early. He began investing his money in part-time jobs in stocks and precious metals in his early teens.
Dell made his first calculator at the age of seven and discovered an early teletype terminal in junior high. He bought his first computer, an Apple II, which he quickly disassembled to see how it worked at age 15, after being involved with computers at Radio Shack. In the summer, Dell attended Memorial High School in Houston, where he began selling Houston Post subscriptions. Dell's parents aspired him to be a doctor, and so they were delighted that he took up pre-med at the University of Texas in 1983. Dell continued to expand newspaper subscription markets rather than simply making cold calls, and this summer, the company earned $18,000. Dell laid off several employees in his first year of business after a net loss of nearly $200,000 per year, including three young children, at age 19.
Personal life
Dell married Susan Lieberman in Austin, Texas, on October 28, 1989; the couple and their four children live there.
The Michael and Susan Dell Foundation, founded in 1999, focuses on, among other things, grants, urban education, childhood health, and family economic stability. The foundation granted $300,000 to three health-related organizations associated with the University of Texas, including the Michael & Susan Dell Center for Advancement of Healthy Living, the Dell Pediatric Research Institute, and the University of Texas's Medical Center for Early Childhood Development, as well as funding for a new computer science building on the University of Texas's Austin campus. The foundation pledged an additional $50 million to the University of Texas at Austin in 2013. The MSDF has pledged $1.23 billion to non-profits and social enterprises in the United States, India, and South Africa since 1999. Dell is also responsible for the establishment of the Dell Jewish Community Campus in Austin's northwest Hills neighborhood.
By 2011, the foundation had pledged more than $650 million to children's rights and community programs in the United States, India, and South Africa. The foundation today has over $466 million under management.
Dell received an honorary doctorate in Economics from the University of Limerick in recognition of his contributions to Ireland and the local community as well as his support for educational programs.
The Michael and Susan Dell Foundation's 2012 pledged $50 million for medical education. In 2016, the Dell Medical School began enrolling students.
In 2014, he donated $1.8 million to the Friends of the Israel Defense Forces.
In the aftermath of Hurricane Harvey, Dell, a Houston native, pled $36 million to relief efforts in 2017.
Dell gave $1 billion to his charity in May 2017; the foundation, which focuses on children, receives both impact investments and charitable contributions.
Dell Technologies recovered from public markets in 2018 as a result of a complex financial restructuring.
Business career
In Room 2713 of the Dobie Center residential building, as a freshman pre-med student at the University of Texas, Dell began an informal business assembling and selling upgrade kits for personal computers. He then applied for a vendor license to compete for Texas jobs, winning bids despite not having the overhead of a computer store.
Dell banked on his conviction that the potential cost savings of a manufacturer that sells PCs directly outweigh the traditional indirect retail channel in January 1984. Dell formed his business as "PC's Limited" in January 1984. Between $50,000 and $80,000 worth of PC upgrades, kits, and add-on accessories, the company was operating out of a condominium. Dell formed "Dell Computer Corporation" in May and relocated to a North Austin business center. As Dell recalled, a factory staff made up of "three guys with screwdrivers seated at six-foot tables" and only a few others as order takers, with a few more to fill the orders. The venture's capitalization cost was $1,000.
He became the youngest CEO of a company listed in Fortune magazine's list of the top 500 companies in 1992, aged 27. Dell first introduced computers over the Web in 1996, the same year his company introduced its first servers. Dell Inc. reported about $1 million in sales per day from dell.com shortly. Dell Inc.'s first quarter of 2001 saw a 12.8 percent global market share, overtaking Compaq to become the world's biggest PC manufacturer. This was the first time the rankings had changed over the previous seven years. At a time when competitors' sales were decreasing, the company's combined shipments of desktops, notebooks, and servers soared 34.3 percent globally and 30.7 percent in the United States.
Dell created MSD Capital L.P. in 1998 to look after his family's investments. Publicly traded securities, private equity investments, and real estate are all examples of investment opportunities. The firm employs 80 people and has offices in New York, Santa Monica, and London. Dell does not participate in day-to-day activities. Dell's CEO resigned on March 4, 2004, but the board's chairman stayed as chairman, though Kevin Rollins, then president and CEO, became president and CEO. Dell regained control of the board on January 31, 2007, replacing Rollins.
Michael Dell took Dell, Inc. private in 2013 with the support of Silver Lake Partners, Microsoft, and a consortium of lenders. According to reports, the agreement was worth $25 billion and met with challenges during its completion. Carl Icahn's best resistance was apparent, but after several months he stepped down, it was no longer apparent. Michael Dell also has a 75% interest in the private company.
Dell Inc. reported on October 12, 2015, that it intends to acquire EMC Corporation, a leader in the field of enterprise software and storage. It has been described as the "most-valued tech acquisition in history" at $67 billion. The transaction was approved on September 7, 2016.