Michael Dell Biography
Michael Saul Dell popularly known as Michael Dell is an American businessman, investor, philanthropist, and author. Also, he is the founder and CEO of Dell Technologies which is one of the world’s largest technology infrastructure companies. According to Forbes, he is ranked as the 39th richest person in the world with a net worth of US$ 28.6 billion as of September 2018.
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 MSD Capital, incorporates Dell’s initials. On January 5th, 2013, Michael Dell had bid to take Dell Inc. private for $24.4 billion in the biggest management buyout since the Great Recession. Dell Inc. which officially went private on October 29, 2013.
Michael Dell Age | How Old Is Michael Dell
The American author was born on 23 February 1965 in Houston, Texas, United States. As of 2018, he is 53 years old.
Michael Dell Education
Michael Dell studied at Herod Elementary School in Houston. In the bid to enter business early, he applied to take a high school equivalency exam at age of 8. In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.
He purchased his first calculator when he was 7 and encountered an early teletype terminal in junior high. At the age of 15, that is, after playing with computers at Radio Shack, he owned his first computer, an Apple II, which he promptly disassembled to see how it worked. He eventually got a part-time job, where he collected money to invest in precious metal and stocks business, a dishwasher, at age 12 and was quickly promoted to maitre d’.
He then attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer. While making some cold calls, he noted that the people most likely to purchase subscriptions were those in the process of establishing a permanent geographic and social presence. He then hired some friends who scoured local court records so he could target this demographic group by collecting names from marriage and mortgage applications.
He then segmented those leads by the size of the mortgage, calling on those with the highest mortgages first. Dell earned a total of $18,000 that year, exceeding the annual income of his history and economics teacher. He then used the company’s first financial statement to convince his parents of his decision to drop out of college. The statement, dated July 31, 1984, shows a gross profit of nearly $200,000. Dell dropped out of the University of Texas in his first year when he was 19.
Michael Dell Family | Michael Dell Jewish
Michael Dell’s father, Alexander Dell, worked as an orthodontist and mother, Lorraine Charlotte, was a stockbroker. Michael was born into a family of Jewish origin, where his surname (Dell) reflects the translation into English meaning “valley” or “dale”
Michael Dell Wife
Michael married Susan Lynn Lieberman a Texas native, on October 28, 1989, Michael married Susan Lynn Lieberman a Texas native, in 1989 and the couple had four children together. Susan was an athlete earlier and is currently the chairperson of their charity foundation called ‘The Michael & Susan Dell Foundation.’and the couple had four children together. Susan was an athlete earlier and is currently the chairperson of their charity foundation called ‘The Michael & Susan Dell Foundation.’.
The organization was founded in 1999, and focuses on, among other causes, grants, urban education, childhood health, and family economic stability. The foundation in 2006, 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 of $50 million commitment to establish the Dell Medical School at the University of Texas at Austin.
Since 1999, the MSDF (Michael and Susan Dell Foundation) has committed $1.23 billion to non-profits and social enterprises in the U.S, India and South Africa. Dell is also behind the founding of the Dell Jewish Community Campus in the Northwest Hills neighborhood of Austin.
Michael Dell Children | Michael Dell Kids | Michael Dell Daughter
Dell Children, Alexa Dell, Juliette Dell, Kira Dell, Zachary Dell, currently partner themselves with Dell Medical School, as well as other medical schools in the University of Texas, for residency and fellowship programs in pediatrics, pediatric neurology, and pediatric emergency medicine, among other disciplines of specialty care.
Alexa Dell, being the eldest daughter to Michael Dell, was born on January 8, 1994, and she is now aged 25 years old. She grew up in Austin, Texas and currently resides in Los Angeles, California. Viewing her interests, Alexa Dell likes to cook during her leisure time and spend time with her dog.
Michael Dell House | Michael Dell Home
Michael Dell is known for his luxurious spreads in his hometown of Austin, Texas, and on the Big Island of Hawaii, tech mogul. He has expanded east, buying two super-deluxe high-rise homes in Boston and in New York City in his present-day years.
In the year 2014, Michael Dell spent $100.47 million on a penthouse on New York’s Billionaire’s Row, setting a record for the city’s priciest home purchase. People who are familiar with the transaction said that he snapped up a penthouse seeking $40 million at the Four Seasons Private Residences One Dalton Street in Boston.
The purchases significantly add to Mr. Dell’s real estate holdings, according to a Wall Street Journal analysis. Before these buys, he owned two homes around his hometown of Austin, Texas, and a third retreat on the Big Island of Hawaii’s Kohala coast.
Michael Dell Net Worth | How Much Is Michael Dell ‘s Worth
Michael Dell being an American business executive and technology entrepreneur has a net worth of $28.6 billion. He’s the founder, chairman and Chief Executive Officer of the computer company Dell Inc. Dell is the sole owner of MSD Capital and owns 65% of MSD Partners, which manages more than $16 billion in combined assets.
The computer company was taken private for $25 billion in 2003 and Dell holds a 75% stake. In 2015 he purchased EMC Corp. to form the largest private technology company in the world, Dell Technology, which had $74 billion revenue in 2016.
Michael Dell Family Office | Michael Dell Foundation
MSD Capital is a private investment firm that manages the capital of Michael Dell and his family. The firm, which was formed in 1998, is based in New York and has offices in Santa Monica and West Palm Beach. In 2009, the C.E.Os of MSD Capital formed MSD Partners, an investment adviser registered with the U.S. Securities and Exchange Commission, to help outside investors invest in strategies that were developed by MSD Capital. Among other things, MSD Partners makes control equity and structured preferred investments through its MSD Private Capital Group.
Michael Dell recruited John C. Phelan and Glenn R. Fuhrman in 1998, to form MSD Capital to manage his family’s wealth. For almost 20 years, Mr. Phelan and Mr. Glenn Furman, the firm’s co-founders, have served as co-managing partners of MSD Capital.
MSD Capital has a dedicated investment team. According to the firm’s statement on its website, Mr. Dell is not involved in its day-to-day operations.
According to information on the Firm’s website, it has a broad investment mandate, focused on making investments across the globe in the debt and equity of public and private companies, real estate and other asset classes. Based on the most recent Form, 13F filings by MSD Capital, its holding of the equity of public companies include PVH Corp, the apparel company that owns brands including Calvin Klein and Tommy Hilfiger, and Dine Equity, known for its IHOP and Applebee’s restaurants.
In July 2016, it was announced that MSD Capital and MSD Partners would provide preferred equity financing to support WME | IMG in its acquisition of UFC, the professional mixed martial arts (MMA) organization, alongside strategic investors KKR and Silver Lake Partners.
In 2008, MSD Capital joined a consortium to acquire the assets of IndyMac Bank for around $13.9 billion, renaming it OneWest Bank. In August 2017, MSD Capital partnered with TruAmerica to acquire the Florida-based multifamily community Sienna at Lake Vista for $66 million.
MSD Partners operates from New York and London. MSD Partners’ Private Capital Group is now led by Douglas London, who joined in 2015 from New Mountain Capital, where he was the President. In 2013, MSD Partners participated with Michael Dell and Silver Lake Partners in the acquisition of Dell Inc., worth approximately $24 billion.
Michael Dell Success Story | Michael Dell Story
There are two things that inspired Michael Dell more than anything; first, his parents and the second was business. This led to his confession that he had craved for computers as well as the stock market.
Dell did several part-time jobs that would enable him to collect money to invest in precious metal and stocks business. At the age of 12, he operated a mail-order trading business for stamps and baseball cards and earned $2,000. At 14 he received his first computer, Apple II, that helped him study details on how it worked. This developed a knack for computers in him. He got to the University of Texas, in 1984, he began his computer company “PCs Limited” with his pocket money $1000.
His family also motivated him by financing him with $300,000 and Dell started assembling a computer and selling with a year free service warranty. His dedication to service got him hundreds of satisfied customers. Dell took a big decision to quit his studies from the university to devote whole time in business and started selling PC, kits and add-on components.
After that company was renamed with Dell Computer Corporation and moved in North Austin. Later in the year 1992, Fortune Magazine kept his company among top 500 companies and with that, he became the youngest CEO, aged of 27. Four years later i.e in 1996, Dell began selling computer online and launched a server and the growth doubled within years and became the world’s largest PC manufacturer.
In 2004, his position as CEO was taken over by Kevin B. Rollins but after 3 years once again he became the president and CEO of the company. Dell published his first autobiographical book by the name, “Direct From Dell: Strategies That Revolutionized an Industry” in 1999 with a description of his childhood, his mistakes, and lessons through which he finally found the company. Dell Computer Corporation became Dell Inc. which is now in the business of offering personal devices as well as home entertainment.
Michael Dale Awards | Michael Dell Recognition
In 1989, when Michael Dell was 24 years old, he got the “Entrepreneur of the Year” given by Inc. magazine. The worth magazine also honored him as the “Top CEO in American Business.”
Thirteen years later, that is, in 2002, the University of Limerick awarded Dell with an Honorary Doctorate in Economic Science for his generous investment in Ireland and the local community for educational initiatives.
Financial World, Industry Week and Chief Executive Magazines honored him as the “CEO of the Year”
He was also a member of the U.S. President’s Council of Advisors on Science and Technology, despite him working as the executive committee of the International Business Council, the governing board of the Indian School of Business in Hyderabad, India, the Foundation Board of the World Economic Forum and the U.S. Business Council.
Michael Dell Quotes
- Try never to be the smartest person in the room. And if you are, I suggest you invite smarter people…or find a different room.”
- There’s always an opportunity to make a difference.”
- If you’re happy, that’s probably the most important thing. Everyone probably has their own definition of success, for me its happiness. Do I enjoy what I’m doing? Do I enjoy the people I’m with? Do I enjoy my life?”
- Our business is about technology, yes. But it’s also about operations and customer relationships.”
- Each day that you’re moving toward your dreams without compromising who you are, you’re winning.”
- I do think a founder has special permission to make sweeping changes across an organization.”
- Ideas are a commodity. Execution of them is not.”
- If you look at innovation, it doesn’t just occur in the lab.”
- There is no better catalyst to success than curiosity.”
- Regrets are born of paths never taken.”
- Anything that can be measured can be improved.”
- Whether you’ve found your calling, or if you’re still searching, passion should be the fire that drives your life’s work.”
- The very thing you fear could be the best thing to ever happen to you.”
- We are all gifts to each other, and my own growth as a leader has shown me again and again that the most rewarding experiences come from my relationships.”
- It’s easy to decide what you’re going to do. The hard thing is deciding what you’re not going to do.”
- Celebrate for a nanosecond.”
- Ignore the people who tell you it won’t work and hire people who embrace your vision.”
- The idea of being all things to all people is a thing of the past.”
- Collaboration equals innovation.”
- You can’t be afraid to fail because that’s when you learn.”
- As you start your journey, the first thing you should do is throw away that store-bought map and begin to draw your own.”
- We’ve found that customers are very open. They’ll tell you what’s going on, what’s working and what’s not.
- They’re looking for help.”
- The point is, you can’t keep doing the same thing and expect it to keep working.”
- It’s exciting to see how fast your kids learn and grow. I’m not too worried about them, particularly the ones who like to break rules and don’t follow instructions; those are the ones that will do just fine because they know what’s important to them.”
- If you have to go through life being unhappy to conform to society around you, that’s not a very good deal.”