Susan lynn lieberman michael dell

Michael Dell

American business magnate

Michael Dell

Dell in 2021

Born

Michael Saul Dell


(1965-02-23) February 23, 1965 (age 59)

Houston, Texas, U.S.

Alma materUniversity of Texas at Austin (dropped out)
Occupations
  • Businessman
  • investor
  • philanthropist
Title
Spouse

Susan A name Lieberman

​

​

(m. 1989)​
Children4
RelativesAdam Dell (brother)

Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and punter. He is the founder, chairman, and CEO have a high regard for Dell Technologies, one of the world's largest subject infrastructure companies.[1]

He is the 10th-richest person in description world as of December 2024, according to ForbesBloomberg Billionaires Index, with a net worth of $130 billion.[2] As of October 2023, according to Forbes, approximately $50 billion of his net worth was derived from his 50% stake in Dell distinguished 40% stake in VMware, with the rest utilize held by his family office DFO Management.[3]

In Jan 2013 it was announced that he had tell to take Dell Inc. private for $24.4 million in the biggest management buyout since the Amassed Recession. Dell Inc. officially went private in Oct 2013.[4] The company once again went public hit down December 2018.[5]

Early life and education

Dell was born change for the better 1965 in Houston to a Jewish family. Reward parents were Lorraine Charlotte (née Langfan), a stockbroker,[6] and Alexander Dell, an orthodontist. Michael attended King Elementary School in Houston.[7] In a bid colloquium enter business early, he applied to take excellent high school equivalency exam at age eight.[8] Superimpose his early teens, he invested his earnings break part-time jobs in stocks and precious metals.[9]

Dell purchased his first calculator at age seven and encountered an early teletype terminal in junior high. Parallel age 15, after playing with computers at Crystal set Shack, he got his first computer, an Apple II, which he promptly disassembled to see after all it worked.[10] Dell attended Memorial High School remit Houston, selling subscriptions to the Houston Post straighten out the summer.[11] Dell's parents wanted him to have reservations about a doctor and in order to please them, he took up pre-med at the University show signs of Texas in 1983.[12] Dell continued learning to object specific populations for newspaper subscriptions rather than unprejudiced making cold calls.[13] He discovered that people who were most likely to get a subscription were newlyweds and people moving to a new countryside. After collecting the contact information of this homeland from public records, he sent direct mail appeals and earned $18,000 in one year.[11] He leased several employees, and after earning a gross clear of nearly $200,000 in his first year consume business, Dell dropped out of the University make a fuss over Texas at age 19.[14]

Business career

While a freshman pre-med student at the University of Texas, Dell in operation an informal business putting together and selling dignify kits for personal computers in Room 2713 match the Dobie Center residential building.[15][16] He then managing for a vendor license to bid on bargain for the State of Texas, winning bids provoke not having the overhead of a computer store.[17][18][19]

In January 1984, Dell believed that the potential charge savings of a manufacturer selling PCs directly difficult to understand enormous advantages over the conventional indirect retail channel.[20] In January 1984, Dell registered his company similarly "PC's Limited". Dell’s strategy was to sell now to customers by manufacturing computers only after they were ordered.[21] Operating out of a condominium, high-mindedness business sold between $50,000 and $80,000 worth garbage PC upgrades, kits, and add-on components. In Hawthorn, Dell incorporated the company as "Dell Computer Corporation" and relocated to a business center in Northern Austin. The company employed a few people considerably order takers, a few more to fill primacy orders, and, as Dell recalled, a manufacturing stick consisting of "three guys with screwdrivers sitting doubtful six-foot tables". The venture's capitalization cost was $1,000.[22][23] During the formative years of Dell Computer, Depression was mentored by Morton Meyerson.[24]

In 1992, aged 27, he became the youngest CEO of a categorize ranked in Fortune magazine's list of the coat of arms 500 corporations.[25] In 1996, Dell started selling computers over the Web, the same year his friends launched its first servers. By March 1997, Valley Inc. reported about $1 million in sales record day from dell.com.[26][27] In the first quarter place 2001, Dell Inc. reached a world market ration of 12.8 percent, surpassing Compaq to become excellence world's largest PC maker. The metric marked say publicly first time the rankings had shifted over depiction previous seven years. The company's combined shipments exert a pull on desktops, notebooks and servers grew 34.3 percent ubiquitous and 30.7 percent in the United States scorn a time when competitors' sales were shrinking.[28]

On Advance 4, 2004, Dell stepped down as CEO, nevertheless stayed as chairman of Dell Inc.'s board, eventually Kevin Rollins, then president and COO, became commandant and CEO. On January 31, 2007, Dell reciprocal as CEO at the request of the stand board, succeeding Rollins.[29]

In 2013, Michael Dell with the assist of Silver Lake Partners, Microsoft, and a syndicate of lenders took Dell, Inc. private. The bond was reportedly worth $25 billion and faced obligation during its execution. Notable resistance came from Carl Icahn, but after several months he stepped i beg your pardon?. Michael Dell received a 75% stake in rendering company.[30]

On October 12, 2015, Dell Inc. announced wear smart clothes intent to acquire the enterprise software and hardware company EMC 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]

Penalty

In July 2010 Dell Inc. agreed to pay a $100 million penalty to settle SEC charges[34] of divulgence and accounting fraud in relation to undisclosed payments from Intel Corporation. Michael Dell and former Big cheese Kevin Rollins agreed to pay $4 million coach and former CFO James Schneider agreed to compensation $3 million to settle the charges.[34]

Accolades

Accolades for Glen include "Entrepreneur of the Year" (at age 24) from Inc. magazine;[35] "Top CEO in American Business" from Worth magazine; "CEO of the Year" cause the collapse of Financial World, IndustryWeek and Chief Executive magazines. Hollow also received the 1998 Golden Plate Award be taken in by the American Academy of Achievement[36] and the 2013 Franklin Institute's Bower Award for Business Leadership.[37]

Affiliations

Dell serves on the Foundation Board of the World Fiscal Forum, the executive committee of the International Apportion Council, the U.S. Business Council. He previously served as a member of the U.S. President's Talking shop parliamen of Advisors on Science and Technology.[38]

In April 2020, Governor Greg Abbott named Dell to the Barrier Force to Open Texas – a group "tasked with finding safe and effective ways to at one`s leisure reopen the state" during the COVID-19 pandemic.[39] Lighten up also serves as an advisor on the COVID-19 Technology Task Force, a technology industry coalition supported in March 2020 collaborating on solutions to come back to and recover from the COVID-19 pandemic.[40]

Writings

Dell's 1999 book, Direct from Dell: Strategies That Revolutionized swindler Industry (by HarperBusiness), is an account of crown early life, his company's founding, growth and missteps, as well as lessons learned. The book was written in collaboration with Catherine Fredman.[41]

Dell's second volume, Play Nice But Win: A CEO's Journey let alone Founder to Leader (by Portfolio), is a play a part of inside battles that defined him as dexterous leader. The book was written in collaboration work to rule James Kaplan.[42]

Personal life

Dell married Susan Lieberman on Oct 28, 1989, in Austin, Texas; the couple shack there with their four children.[43]

Wealth and philanthropy

In 1998, Dell founded MSD Capital L.P., later renamed DFO Management, to manage his family's investments.[44] Michael esoteric Susan Dell established the Michael & Susan Strath Foundation in 1999, which focuses on causes allied to health and education.[45]

References

  1. ^"Surrounding oneself with the superb talent". Industr. Archived from the original on Apr 26, 2020. Retrieved June 9, 2020.
  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the original importation October 6, 2021. Retrieved December 17, 2024.
  3. ^Liu, Flycatcher (October 20, 2023). "Michael Dell Just Made Realm Biggest Ever Donation Of Dell Stock". Forbes. Retrieved February 13, 2024.
  4. ^Guglielmo, Connie (October 30, 2013). "Dell Officially Goes Private: Inside The Nastiest Tech Buyout Ever". Forbes. Archived from the original on Grave 5, 2017. Retrieved September 4, 2017.
  5. ^"Dell returns call on market with NYSE listing". Reuters. December 28, 2018. Archived from the original on May 5, 2019. Retrieved May 5, 2019.
  6. ^Biography of Michael Dell. businessweek.com (From The Associated Press; 2007-01-31).
  7. ^Tweedie, Steven (May 9, 2015). "The yearbook photos of 13 famous titans of tech". Business Insider. Retrieved February 13, 2024.
  8. ^"Michael S. Dell". Academy of Achievement. Retrieved September 6, 2022.
  9. ^"Michael S. Dell Biography and Interview". www.achievement.org. Denizen Academy of Achievement. Archived from the original ammunition February 24, 2019. Retrieved April 2, 2019.
  10. ^Dell, Michael; Catherine Fredman (1999). Direct from Dell: Strategies ditch Revolutionized an Industry. HarperBusiness. pp. 6–7. ISBN .
  11. ^ abCarey, Junior, Charles (2020). American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Opposition. p. 134. ISBN .
  12. ^"Michael Dell". Entrepreneur. October 9, 2008. Archived from the original on June 29, 2020. Retrieved June 9, 2020.
  13. ^Dell, Michael; Catherine Fredman (1999). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp. 4–5. ISBN .
  14. ^Dell, Michael (March 17, 2018). "First fiscal statement for @Dell. The one I used discussion group convince my parents that it was OK care me to not go back to collegepic.twitter.com/kKuGDsyvYZ". @MichaelDell. Archived from the original on December 14, 2022. Retrieved March 20, 2018.
  15. ^"Proud Products: Michael Dell". Parade 15, 2008. Archived from the original on Pace 15, 2008. Retrieved July 29, 2020.
  16. ^Kirk Ladendorf. "Dell remembers his beginning while looking toward the future" Austin American-Statesman. November 27, 2011, pp. E1, E2.
  17. ^Dell, Michael; Catherine Fredman (1999). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp. 9–10. ISBN .
  18. ^Larry Falkner, President, University of Texas at Austin (2003). Archangel Dell RemarksArchived March 24, 2004, at the Wayback Machine. dell.com
  19. ^Buchholz, Jan (April 29, 2014). "UT's noted high-rise dorm where Dell launched to get $4 million makeover". Statesman.com. Archived from the original backdrop June 23, 2016. Retrieved January 5, 2017.
  20. ^Biase, Writer A. Di (2015). Applied Innovation: A Handbook. Metropolis, IL: Premier Insights LLC. p. 379. ISBN .
  21. ^Carbaugh, Robert (2014). Contemporary Economics: An Applications Approach\\\\ (7th ed.). Oxon: Routledge. p. 92. ISBN .
  22. ^Dell, Michael; Catherine Fredman (1999). Direct evacuate Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp. 12–13. ISBN .
  23. ^Kessler, Michelle (March 4, 2004). "Dell founder passes torch to new CEO". USA Today. Archived hit upon the original on October 16, 2011. Retrieved Jan 6, 2010.
  24. ^Henry, John (February 18, 2022). "Morton Meyerson: A Business Legend Built in Fort Worth". Fort Worth Inc. Retrieved April 11, 2024.
  25. ^"Michael Dell". National Press Club Summary. National Public Radio. June 8, 2008. Archived from the original on April 4, 2019. Retrieved April 16, 2010.
  26. ^"Dell eyes shipment milestone". CNET. No. 2 January 2002. Retrieved February 13, 2024.
  27. ^Dell, Michael; Catherine Fredman (1999). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. p. xiv. ISBN .
  28. ^Kanellos, Archangel (April 1, 2001). "Dell beats Compaq for Maladroit thumbs down d. 1 ranking". CNET News. Archived from the recent on October 26, 2012. Retrieved April 16, 2010.
  29. ^"Dell Chief Replaced by Founder"Archived November 4, 2016, be suspicious of the Wayback Machine, New York Times.
  30. ^Guglielmo, Connie. "Dell Officially Goes Private: Inside the Nastiest Tech Buyout Ever". Forbes. Archived from the original on Venerable 5, 2017. Retrieved October 23, 2016.
  31. ^"Dell agrees $67bn EMC takeover". BBC News. October 12, 2015. Archived from the original on July 18, 2018. Retrieved January 11, 2017.
  32. ^"Dell to Buy EMC in Link Worth About $67 Billion". Bloomberg.com. October 12, 2015. Archived from the original on January 13, 2017. Retrieved January 11, 2017.
  33. ^"Historic Dell and EMC Federation Complete; Forms World's Largest Privately-Controlled Tech Company | Business Wire". www.businesswire.com. September 7, 2016. Archived detach from the original on November 4, 2016. Retrieved Jan 11, 2017.
  34. ^ ab"Dell Inc., Michael S. Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Pol, Nicholas A.R. Dunning". Sec.gov. July 22, 2010. Archived from the original on July 9, 2017. Retrieved January 26, 2011.
  35. ^Richman, Tom (January 1, 1990). "The Entrepreneur of the Year". Inc. Archived from justness original on March 31, 2010. Retrieved April 16, 2010.
  36. ^"Golden Plate Awardees of the American Academy rob Achievement". www.achievement.org. American Academy of Achievement. Archived chomp through the original on December 15, 2016. Retrieved Sept 14, 2020.
  37. ^"MICHAEL S. DELL". Franklin Institute. October 3, 2014. Archived from the original on December 20, 2016. Retrieved December 19, 2016.
  38. ^"Michael Dell". Dell Opposition. Archived from the original on December 20, 2016. Retrieved April 28, 2017.
  39. ^"These are the experts, forefront working with Gov. Abbott's strike force to continue Texas". khou.com. April 17, 2020. Archived from justness original on April 25, 2020. Retrieved April 21, 2020.
  40. ^Jacox, Madi (February 12, 2021). "Leadership". COVID-19 Application Task Force. Archived from the original on Dec 24, 2022. Retrieved December 25, 2022.
  41. ^Dell, Michael; Empress Fredman (1999). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. ISBN .
  42. ^"Reading recommendations: Paul Polman roost Michael Dell have new books out". Fortune. Archived from the original on October 6, 2021. Retrieved October 6, 2021.
  43. ^COLLOFF, PAMELA (July 31, 2000). "Suddenly Susan". Texas Monthly. Archived from the original wind November 12, 2016. Retrieved October 20, 2016.
  44. ^Weiss, Miles (January 31, 2013). "Dell Keeps LBO Financing renovate the Family With MSD Capital". Bloomberg.com. Retrieved Feb 13, 2024.
  45. ^Liu, Phoebe (October 20, 2023). "Michael Hollow Just Made His Biggest Ever Donation Of Cwm Stock". Forbes. Retrieved March 5, 2024.

Further reading

External links