Michael Dell Biography

Michael Saul Dell was born on February 23, 1965. Michael Dell's biography reveals that he is an American billionaire businessman and philanthropist. He is the founder, president, and chief executive officer or CEO of Dell Technologies, one of the largest technology infrastructure companies in the world. According to the Bloomberg Billionaires Index, he is ranked 25th among the richest people in the world, with a net worth of US$51.7 billion as of April 17, 2021. In 2011, his 243.35 million Dell shares were valued at 3.5 billion U.S. dollars, giving him 12% ownership of the company. His remaining approximately US $10 billion fortune is invested in other companies and managed by MSD Capital, which contains his initials. In January 2013, the company announced that it had made a takeover offer to privately-owned Dell at a price of US $24.4 billion, which was the largest acquisition by management since the Great Depression. Dell officially went public in October 2013. The company went public again in December 2018. Michael Dell’s age is 56 years. We will learn more about Micahel Dell and his company here in the Michael Dell biography book.

(Image will be uploaded soon)

Figure: Michael Dell

Michael Dell education

Dell was born in 1965 into a Jewish family in Houston. He is the CEO of Dell. His parents were stockbroker Lorraine Charlotte and orthodontist Alexander Dell. Michael Dell attended Herod Elementary School in Houston. He continued to attend Memorial High School. In order to start a business as soon as possible, he applied to take the high school equivalence exam at the age of eight. When he was a teenager, he invested his part-time job income in stocks and precious metals. Dell bought his first calculator when he was 7 years old and encountered a telex terminal early in high school. At the age of 15, after playing with computers at Radio Shack, he got his first computer, the Apple II, and he quickly took it apart to see how it worked. He got a job as a dishwasher at the age of 12 and was quickly promoted to foreman. Dell attended Memorial High School in Houston and sold subscriptions to the Houston Post in the summer. Dell's parents wanted him to be a doctor, and to please them, he began studying medicine at the University of Texas in 1983. Dell continued to learn how to subscribe to newspapers for specific groups of people, instead of just calling, he made $18,000 that summer. He hired several employees, and after his first year of business income approached $200,000, the 19-year-old Dell dropped out of the University of Texas.

Michael Dell works

Michael Dell biography tells us that in the first year of the University of Texas Medical Preparatory Course, Dell started an informal business in Room 2713 of the residential building of the Dobie Center, assembling and selling upgrade kits for personal computers. Then, he applied for a vendor license to bid for a contract in Texas and won the bid because he did not have the expense of a computer store. In January 1984, Dell believed that the possible cost savings of a manufacturer that directly sells PCs have a huge advantage over traditional indirect retail channels. In January 1984, Dell registered its company as "PC`s Limited". The company operates in apartments, and its PC upgrades, kits, and add-ons sell for between US$50,000 and US$80,000. In May, Dell registered the company as the "Dell Computer Company" and moved to the business centre in North Austin. The company hired some people as order takers and others to complete the order. As Dell recalled, there was also a manufacturing staff with "three men with screwdrivers sitting at a six-foot table." The company's capitalized cost is $1,000. 

Career Development 

Michael dell biography book tells us that in 1992, at the age of 27, he became the youngest CEO of a Fortune 500 company. In 1996, Dell began selling computers on the Internet, and his company launched the first server in the same year. According to the report, dell.com's daily sales are approximately $1 million. In the first quarter of 2001, Dell achieved a 12.8% global market share, surpassing Compaq to become the world's largest personal computer manufacturer. This indicator marks the first change in rankings in the past seven years. In the case of competitors' sales contraction, the company's total shipments of desktops, laptops, and servers increased 34.3% globally and 30.7% in the United States. In 1998, Dell established MSD Capital L.P. to manage family's investments. Investing activities include publicly traded securities, private equity activities, and real estate. The company has 80 employees and offices in New York, Santa Monica, and London. Dell itself is not involved in day-to-day operations. On March 4, 2004, Dell resigned as CEO but still served as chairman of Dell's board of directors, and Kevin Rollins, then president and chief operating officer, became president and CEO. On January 31, 2007, Dell was re-elected as CEO at the request of the board of directors to replace Rollins. In 2013, Michael Dell acquired Dell with the help of Silver Lake Partners, Microsoft, and a consortium of lenders. private. The transaction was reportedly worth the US $25 billion but encountered difficulties in its execution. Carl Icahn provoked significant resistance but relented a few months later. Michael Dell acquired 75% of this private company. On October 12, 2015, Dell announced its intention to acquire EMC Corporation, an enterprise storage, and software company. It was labelled "the highest value technology acquisition in history" at a price of $67 billion. The acquisition was completed on September 7, 2016. 

Dell Affiliations 

Dell has served on the Board of Directors of the World Economic Forum Foundation, the Executive Committee of the International Business Council, and the Business Committee. Prior to this, he served as a member of the US President’s Science and Technology Advisory Committee. In April 2020, Governor Greg Abbott appointed Dell to join the Open Texas Strike Force, an organization that is “responsible for finding safe and effective ways to slow down the recovery process during the COVID19 pandemic. 

Michael Dell Philanthropy 

In 1999, Michael and Susan Dell established the Michael and Susan Dell Foundation, which focuses on grants, urban education, children's health, and family financial stability. In 2006, the foundation awarded a $ 50 million grant to three health-related organizations related to the University of Texas: the Michael and Susan Dell Health Life Promotion Center, the Dell Pediatric Research Institute that complements Dell Children's Medical Center, and Ace funding for a new computer science building at the University of Texas at Austin. In 2013, the foundation provided an additional $ 50 million pledge to establish the Dell School of Medicine at the University of Texas at Austin. Since 1999, MSDF has pledged US $ 1.23 billion to non-profit organizations and social enterprises in the United States, India, and South Africa. [45] dell was also behind the establishment of the Dell Jewish Community Campus near Mount Northwest in Austin.

Growth of Dell

Michael dell biography book tells us that by 2011, the foundation has pledged more than $ 650 million for children's issues and community initiatives in the United States, India, and South Africa. Today, the foundation manages more than $ 466 million in assets. In 2002, Dell received an honorary doctorate in economics from the University of Limerick in recognition of his investment in Ireland and local communities and his support of educational programs. In 2012, the Michael and Susan Dell Foundation invested $ 50 million in medical education. Dell Medical School began enrolling students in 2016. In 2014, it donated $ 1.8 million to the Friends of the Israel Defense Forces. In 2017, after Hurricane Harvey, Dell, a Houston native, promised to provide $ 36 million for disaster relief work. In May 2017, Dell donated $ 1 billion to its foundation focused on child poverty; made impact investments and charitable donations. In 2018, Dell Technology Group returned to the public market through a complex financial reorganization. 

Dell Technologies 

Dell Technologies is an American multinational technology company located in Round Rock, Texas. It is the result of the merger between Dell and EMC and later to become Dell EMC in September 2016. Dell products include personal computers, servers, smartphones, TVs, computer software, computer security and network security, and information security services. In the 2018 Fortune 500 US total income ranking, Dell ranked 35th.

About Dell 

Dell is an American multinational information technology company that develops, sells, maintains, and supports computers and related products and services, owned by its parent company Dell Technologies. The company was founded by Michael Dell in 1984 and is one of the largest technology companies in the world, with more than 165,000 employees in the United States and around the world. Dell sells personal computers (PCs), servers, data storage devices, network switches, software, computer peripherals, high-definition televisions, cameras, printers, and electronics made by other manufacturers. The company is known for its innovations in supply chain management and e-commerce, especially its direct sales model and "make-to-order" or "made-to-order" manufacturing methods that provide personal computers. Customer specifications. Dell has been a pure hardware supplier for most of its existence, but with the acquisition of Perot Systems in 2009, Dell entered the IT services market. Since then, the company has made additional acquisitions in the storage and networking areas, with the goal of expanding its product portfolio from only providing PCs to providing complete solutions for corporate customers.

Dell History 

On October 12, 2015, Dell announced its intention to acquire EMC, an enterprise storage and software company, for $67 billion. It is listed as "the most valuable technology acquisition in history."  In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners are Dell's major shareholders supporting the transaction. On September 7, 2016, Dell Inc. Completed the merger with EMC Corp., which involved the issuance of US$45.9 billion in debt and US$4.4 billion in common stock. The service divisions of Dell, Dell Software Group, and Dell EMC Enterprise Content were sold shortly thereafter for $7 billion in products to repay debts. In October 2017, it was reported that Dell would invest US$1 billion in the research and development of the Internet of Things. Dell returned to private ownership in 2013, claiming that its prospects are bleak and it will take several years to rebuild its business. EMC was under pressure from Elliott Management Corporation, a hedge fund that owns 2.2% of EMC, to reorganize its unusual "federal" structure, in which EMC departments are effectively directed as independent companies. Elliott believes that this structure seriously underestimates EMC's core "EMC II" data storage business, and the increasing competition between EMC II and VMware products is confusing the market and hindering the two companies.

Dell Facilities 

Dell is headquartered in Round Rock, Texas. In 2013, the company employed approximately 14,000 employees in central Texas and is the largest private employer in the region, with 200,000 square meters of space. In 1999, nearly half of the general funds in Round Rock came from sales tax generated by Dell's headquarters. In 1989, Dell occupied 127,000 square feet in the Botanic Garden complex. In 1990, Dell had 1,200 employees at its headquarters. In 1993, Dell submitted a document to Round Rock officials entitled "Dell Computer Corporation Headquarters, Round Rock, Texas, May 1993 Schematic Design." Despite the introduction, the company stated in that year that it would not relocate its headquarters. In 1994, Dell announced that it would move most of its employees out of the Botanical Garden, but will continue to occupy the top floor of the Botanical Garden, and the company's official headquarters address will remain in the Botanical Garden. The top floor continues to accommodate Dell’s meeting rooms.