Michael Dell
| Michael Dell | |
|---|---|
Michael Dell, founder, chairman and CEO of Dell Technologies
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| Born |
Michael Saul Dell February 23, 1965 Houston, Texas, U.S. |
| Residence | Austin, Texas, U.S. |
| Nationality | American |
| Alma mater | University of Texas at Austin |
| Occupation | Founder, Chairman and CEO of Dell Technologies |
| Net worth |
 US$20.8 billion (February 2017) |
| Spouse(s) | Susan Lynn Lieberman (1989–present; 4 children) |
Michael Saul Dell (born February 23, 1965) is an American business magnate, investor, philanthropist, and author. He is the founder and CEO of Dell Technologies, one of the world’s leading providers of information technology infrastructure solutions. He is ranked as the 37th richest person in the world by Forbes, with a net worth of US$20.8 billion as of February 2017.
In 2011, his 243.35 million shares of Dell Inc. stock were worth $3.5 billion, giving him 12% ownership of the company. His remaining wealth of roughly $10 billion is invested in other companies and is managed by a firm whose name, MSD Capital, incorporates Dell's initials. On January 5, 2013 it was announced that Michael Dell had bid to take Dell Inc. private for $24.4 billion in the biggest management buyout since the Great Recession. Dell Inc. officially went private on October 29, 2013.
On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history". The acquisition was finalized September 7, 2016.
Michael Dell was born in 1965 in Houston, to a Jewish family whose surname reflects the translation into English of the original German/Yiddish Thal ("valley" or "dale [q.v.]"; modern common-noun spelling Tal) upon the family's immigration to the United States. The son of Lorraine Charlotte (née Langfan), a , and Alexander Dell, an orthodontist, Michael Dell 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. In his early teens, he invested his earnings from part-time jobs in and precious metals.
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