News about Michael Dell

Forbes compiled a list of the world's richest, with the United States boasting a record 813 billionaires worth $5.7 trillion. Despite the number of Chinese billionaires falling for the third year in a row, China remains ranked second, with 406 super-rich individuals, or 473 if Hong Kong and Macau residents are counted. A total of 200 billionaires from India ranked on the list, with the Asian nation having the third largest number of ultra-wealthy individuals on the list.

Arena BioWorks, a $500 million biotechnology start-up, is causing a fresh headache for Harvard as it lures away its top academics with seven-figure payouts. The company's objective is to encourage top scientists to contribute their ideas outside of academia's tightly controlled paperwork, resulting in the discovery of new medications that can be manufactured and sold quickly. Several breakthrough drug discoveries have taken place on university campuses, and their sales have increased millions for the schools.

The American Airlines executives quickly learned that offering a ticket that allowed unlimited first-class travel for life was a bad idea. The $250,000 AAirpass, which was launched in 1982 as a way to raise funds during a company's crisis, was every traveler's aspiration. It offered limitless first class tickets to the holder, who could pay more than $150,000 for a companion ticket. Mark Cuban, a billionaire Shark Tank investor, purchased one for the first time in his career. Willie Mays, a member of the Baseball Hall of Fame, and computer magnate Michael Dell were given a pass. The amount that the few-dozen customers who bought the passes would use is what AA bosses didn't seem to be. In just 25 days, one made 16 round-trips to London, worth $125,000. In 25 years, the two airlines have combined 10,000 flights. In a year that amounted to 1.46 million miles and would have cost $2.4 million, a third took 373 flights in a single year.

Adam Dell, the former partner of Goldman Sachs, reportedly paid millions to a junior employee in a litigation settlement after he gave her a sexually explicit video of himself by mistake in 2020. An internal investigation was conducted, which was led by Goldman Sachs' top executives, including the firm's CEO David Solomon. Dell, 53, didn't know the camera was filming him outside of the work program, and then gave the entire file to the member of staff, according to Bloomberg. Dell, the brother of billionaire Michael Dell, who founded computer manufacturing company Dell Inc, and others, have left the company on good terms months later. He asked the woman to delete the video.