|Name:||Michael S. Dell|
|Birth Day:||February 23, 1965|
|Birth Place:||Houston, United States|
|Height:||in centimeters - N/A|
|Weight:||in kg - N/A|
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and philanthropist. He is the founder, chairman and CEO of Dell Technologies, one of the world's largest technology infrastructure companies. He is ranked 27th richest in the world by Forbes, with a net worth of $27.2 billion as of April 2020.
Forbes estimates Dell's net worth as of July 2020 at $35.9 billion.
Dell was born in 1965 in Houston, to a Jewish family whose surname reflects the translation into English of the original German Thal ("valley" or "dale"; modern common-noun spelling Tal since the 1901 German orthographic reform) upon the family's immigration to the United States. His parents were Lorraine Charlotte (née Langfan), a stockbroker, and Alexander Dell, an orthodontist. Michael Dell attended Herod Elementary School in Houston. He would go on to attend Memorial High School. 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 stocks and precious metals.
Dell purchased his first calculator at age seven and encountered an early teletype terminal in junior high. At age 15, after playing with computers at Radio Shack, he got his first computer, an Apple II, which he promptly disassembled to see how it worked. He got a job as a dishwasher at age 12 and was quickly promoted to maitre d'. Dell attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer. Dell's parents wanted him to be a doctor and in order to please them, he took up pre-med at the University of Texas in 1983. Dell continued learning to target specific populations for newspaper subscriptions rather than just making cold calls, and earned $18,000 that summer. He hired several employees, and after earning a gross profit of nearly $200,000 in his first year of business, Dell dropped out of the University of Texas at age 19.
In January 1984, Dell banked on his conviction that the potential cost savings of a manufacturer selling PCs directly had enormous advantages over the conventional indirect retail channel. In January 1984, Dell registered his company as "PC's Limited". Operating out of a condominium, the business sold between $50,000 and $80,000 worth of PC upgrades, kits, and add-on components. In May, Dell incorporated the company as "Dell Computer Corporation" and relocated to a business center in North Austin. The company employed a few people as order takers, a few more to fill the orders, and, as Dell recalled, a manufacturing staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization cost was $1,000.
Dell married Susan Lieberman on October 28, 1989, in Austin, Texas; the couple reside there with their four children.
In 1992, aged 27, he became the youngest CEO of a company ranked in Fortune magazine's list of the top 500 corporations. In 1996, Dell started selling computers over the Web, the same year his company launched its first servers. Dell Inc. soon reported about $1 million in sales per day from dell.com. In the first quarter of 2001, Dell Inc. reached a world market share of 12.8 percent, surpassing Compaq to become the world's largest PC maker. The metric marked the first time the rankings had shifted over the previous seven years. The company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 percent in the United States at a time when competitors' sales were shrinking.
In 1998, Dell founded MSD Capital L.P. to manage his family's investments. Investment activities include publicly traded securities, private equity activities, and real estate. The firm employs 80 people and has offices in New York, Santa Monica and London. Dell himself is not involved in day-to-day operations. On March 4, 2004, Dell stepped down as CEO, but stayed as chairman of Dell Inc.'s board, while Kevin Rollins, then president and COO, became president and CEO. On January 31, 2007, Dell returned as CEO at the request of the board, succeeding Rollins.
Dell's 1999 book, Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is an account of his early life, his company's founding, growth and missteps, as well as lessons learned. The book was written in collaboration with Catherine Fredman.
In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on, among other causes, grants, urban education, childhood health and family economic stability. In 2006, the foundation provided $50 million in grants to three health-related organizations associated with the University of Texas: the Michael & Susan Dell Center for Advancement of Healthy Living, the Dell Pediatric Research Institute to complement the Dell Children's Medical Center, as well as funding for a new computer science building at the University of Texas at Austin campus. In 2013, the foundation provided an additional $50 million commitment to establish the Dell Medical School at the University of Texas at Austin. Since 1999, the MSDF has committed $1.23 billion to non-profits and social enterprises in the United States, India and South Africa. Dell is also behind the founding of the Dell Jewish Community Campus in the Northwest Hills neighborhood of Austin.
In 2002, Dell received an honorary doctorate in Economic Science from the University of Limerick in honor of his investment in Ireland and the local community and for his support for educational initiatives.
In July 2010 Dell Inc. agreed to pay a $100 million penalty to settle SEC charges of disclosure and accounting fraud in relation to undisclosed payments from Intel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each and former CFO James Schneider agreed to pay $3 million to settle the charges.
By 2011, the foundation had committed more than $650 million to children's issues and community initiatives in the United States, India and South Africa. Today the foundation has over $466 million assets under management.
In 2012, the Michael and Susan Dell Foundation committed $50 million for medical education. The Dell Medical School began enrolling students in 2016.
In 2013, Michael Dell with the help of Silver Lake Partners, Microsoft, and a consortium of lenders took Dell, Inc. private. The deal was reportedly worth $25 billion and faced difficulties during its execution. Notable resistance came from Carl Icahn, but after several months he stepped aside. Michael Dell received a 75% stake in the private company.
In 2014, he donated $1.8 million to the Friends of the Israel Defense Forces.
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.
In 2017, in the wake of Hurricane Harvey, Dell, a Houston native, pledged $36 million to relief efforts.
In May 2017, Dell donated $1 billion to his foundation, which focuses on child poverty; it makes both impact investments and charitable donations.
In February 2018, it was reported that in 2014, Dell had paid $100.5 million for Manhattan's One57 penthouse, which was then a record for the most expensive home ever sold in the city.
In 2018 Dell Technologies returned to public markets through a complicated financial restructuring.
In April 2020, Governor Greg Abbott named Dell to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" during the COVID-19 pandemic.
Currently, Michael S. Dell is 56 years, 0 months and 6 days old. Michael S. Dell will celebrate 57th birthday on a Wednesday 23rd of February 2022. Below we countdown to Michael S. Dell upcoming birthday.