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Michael Saul DELL
23 Feb 1965
Estimated Net Worth
At least $18.9 billion
Kailua Kona, Hawaii, United States Austin, Texas, United States
Houston, Texas, United States
Michael Dell Michael S. Dell
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Native of Houston, Texas, born in 1965. Michael Saul Dell attended Herod Elementary School and Memorial High School in Houston. In 1984, while attending the University of Texas at Austin, Dell started his own company, PC Limited, the forerunner of Dell Incorporated, with an initial investment of $1,000. In 1988, the company went public, was renamed Dell Computer Corporation. Dell was named the Chairman and CEO. In 1998, he founded MSD Capital, his private investment firm and family office. In 2003, Dell Computer Corporation was rebranded as Dell Incorporated. He stepped down as CEO of Dell Incorporated in 2004 and resumed the role in 2007. Dell currently serves as the Chairman and CEO of Dell Incorporated. In October 2013, a consortium including Dell and private equity firm, Silver Lake Partners, completed a buyout of Dell Incorporated, in a transaction worth $24.9 billion, thus privatizing the company. Dell serves as a Director of the Michael and Susan Dell Foundation. He is also the Chairman of SecureWorks, a subsidiary of Dell Incorporated.
The University of Texas at Austin
In 2015, the MSDF announced its 12th class of Dell Scholars, providing 300 low-income, determined students the chance to obtain a college degree. Since 2004, the Dell Scholars Program has supported a total of 1,142 Dell Scholars to college graduation while 1,586 additional Dell Scholars are currently working towards graduation, awarding more than $69 million in scholarships, which includes $20,000 and essential technology for each Dell Scholar.
In August 2014, Dell took the ice bucket challenge in support of ALS research and also made a donation. He then challenged Meg Whitman, CEO of Hewlett-Packard, Marc Benioff, Founder and CEO of salesforce.com, and actor Samuel Jackson.
In 1992, eight years after founding Dell Incorporated, Dell became the youngest CEO of a Fortune 500 company.
In October 2015, Dell Incorporated along with Menlo Park, California-based private equity firm Silver Lake and MSD Partners, an affiliate of MSD Capital, agreed to acquire Hopkinton, Massachusetts-based computer data storage company EMC Corporation in a deal valued at about $67 billion.
Over the years, Dell has received numerous recognitions and awards, including being named "Entrepreneur of the Year" by Inc. magazine, "Man of the Year" by PC magazine, "Top CEO in American Business" by Worth magazine, and "CEO of the Year" by Financial World and Industry Week.
In 2012, Dell's daughter posted pictures on the website Rich Kids of Instagram, depicting her brother sitting on the family jet, on the way to Fiji. The picture was added through her Twitter account. In the past, she had also shared information regarding the whereabouts of Dell and Susan. Subsequently, her Twitter and Instagram accounts were shut down for security reasons. According to Dell Incorporated's regulatory filings, Dell reportedly spends about $2.7 million per year on security for his family.
In 2011, Dell Incorporated acquired American security service provider SecureWorks for $621 million. In April 2016, SecureWorks raised $112 million through an initial public offering (IPO).
In June 2016, Dell Incorporated agreed to sell its manufacturing software division Dell Software to San Francisco, California-based private equity firm Francisco Partners and New York-based financial service company Elliott Management for an undisclosed amount.
In June 2014, Dell was appointed the United Nations Foundation's Global Advocate for Entrepreneurship.
In 1997, when Steve Jobs returned to Apple, Dell was asked what he would do with Apple if he were Jobs. He said, "What would I do? I'd shut it down and give the money back to the shareholders."
Attended the University of Texas at Austin with hopes of becoming a doctor but abandoned his studies to start his own business at the age of 19.
While studying in college, Dell worked for the Houston Post newspaper, finding new subscribers, through which he earned $18,000.
In October 2015, Dell appears to have put down a deposit on a Boston, Massachusetts-based residential property.
At the age of 12, Dell reportedly washed dishes at a Chinese restaurant to save money. He also used to earn thousands of dollars yearly finding new customers to subscribe to the Houston Post newspaper at a young age.
In March 2016, Dell agreed to sell its technology services business Dell Services to Tokyo, Japan-based system integration company NTT DATA for $3.06 billion.
In 2010, the United States Securities and Exchange Commission (SEC) charged Dell Incorporated and its senior executives with disclosure and accounting fraud. Dell Incorporated paid a $100 million penalty and Dell personally paid a $4 million penalty.
Interests, Passion, Hobbies
Founder and Director of the Michael and Susan Dell Foundation.
At the age of 15, he purchased an early Apple computer and disassembled it, to see how it worked.
Has donated more than $900,000 to political causes and candidates.
Vehicles - Cars
Owns a 2004 Porsche Boxster, a 2005 Hummer H2 and a Porsche Carrera GT.
Animals - Horses
Dell keeps Arabian horses at his ranch in Texas.
Outdoors - Hunting
Held a hunting license in Texas.
The Dell family's private investment firm, MSD Capital, bought $100 million worth of vintage prints from Magnum Photos in 2010 and lent them to the Harry Ransom Center at the University of Texas at Austin (Dell's alma mater) for study and display.
MSD Capital has fractional ownership in a 2007 Cessna Citation Sovereign, a 2005 and a 2008 Gulfstream G-200, a 2006 and a 2008 Gulfstream G-450. MSD Capital also appears to own a 2014 Boeing 787 Dreamliner. Dell personally owns a Gulfstream V.
Animals - Dogs
He has two dogs.
He spends his holidays in Kukio, Hawaii.
Dell authored the book "Direct From Dell: Strategies That Revolutionized an Industry", which details how he turned the $1,000 company into a company worth billions.
Technology - Social Networks
He has active Facebook and Twitter accounts; his Twitter handle is @MichaelDell.
Outdoors - Fishing
Held a fishing license in Texas.
Dell's family live in one of the largest houses in Austin, Texas, which is reported to be the 15th largest house in the world.
Director of the Michael and Susan Dell Foundation (MSDF). In 2013, the foundation had assets exceeding $800 million and donated more than $100 million; gives primarily to education, social and human services, arts and culture and community development causes. Notable recipients include: University of Texas, the Children's Medical Center of Central Texas, Texas Education Agency, Texas Charter Schools Association, A Glimmer of Hope Foundation, Intrepid Fallen Heroes Fund, American Red Cross, Arts Center Stage, Charter School Policy Institute, Long Center for the Performing Arts, and Teach For America New York. Since 2004, the Dell Scholars Program by MSDF has awarded more than $69 million scholarships to Dell Scholars. In October 2014, the Michael and Susan Dell Foundation reportedly donated $2 million to Bangalore, India-based education service provider Edutel Technologies to help provide learning solutions to underserved schools in India. In January 2015, the Michael and Susan Dell Foundation reportedly pledged to donate $25 million, to fund the construction of Seton Healthcare Family's new teaching hospital in downtown Austin, Texas. The new hospital will be named "Dell Seton Medical Center" and is expected to open in 2017. As of September 2015, Dell has donated more than $1 billion to the Michael and Susan Dell Foundation since year 2000. In 2015, Medha, a U.S.-based non-profit organization announced a new collaboration with the MSDF to scale its Career Service Centres (CSC) and Employability Education Program to 1,500 students across Northern India. MSDF's grant funding and technical support enables Medha to establish CSCs in 50 educational institutions across Uttar Pradesh and Bihar until 2017. The fund also committed $2.7 million for the Quality Improvement Program (QIP) launched by the Directorate of School Education of Haryana. MSDF in collaboration with Essilor Vision Foundation, St. David's Foundation, Austin Community Foundation and Dell Children's Medical Center of Central Texas organize the Vision Van campaign in Texas, where Kids Vision for Life Central Texas visits every six months and the children get a full vision screening and glasses if needed.
Co-Founder and Chairman of the Michael and Susan Dell Foundation. Chairman of Phi, a New York-based women's designer collection. She was a Member of the President's Council for Physical Fitness and Sports. She is a Trustee of the Children's Medical Center Foundation of Texas, and a Board Member of the Cooper Institute in Dallas. Susan competed in the 2003 Ironman endurance competition.
He is the Owner and Director of Refractive and Corneal Surgery at Texan Eye and the Owner and Medical Director at Dell Laser Consultants. He serves as President of American-European Congress of Ophthalmic Surgery.
Ran a private orthodontic clinic in Houston, Texas from 1964 to 1998; sits on the board of the Michael and Susan Dell foundation. He received a Doctor of Dental Surgery degree from Columbia University's School of Dental and Oral Surgery, and a Master's degree in Orthodontics from the State University of New York. Diplomate of the American Board of Orthodontics.
Former financial consultant and stockbroker. Passed away in 2014, at the age of 77.
After graduation worked as a corporate attorney in Austin, Texas, with the law firm of Winstead, Sechrest & Minick. He then served as a Partner at Crosspoint Venture Partners and a Senior Associate with Enterprise Partners. He holds a Bachelor's degree in Political Economy from Tulane University and a Law degree from the University of Texas School of Law. Currently, he serves as the Managing General Partner of Impact Venture Partners, a venture capital firm focuses on information technology investments.
Registered Republican is a generous political donor, who gives primarily to Republican candidates and causes. Lifetime giving exceeds $900,000. Recipients include: George Allen, Marsha Blackburn, Lamar Smith, Kay Granger, Republican National State Elections Committee, National Republican Congressional Committee, and Republican National Committee.