Michael dell biography pdf directory

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 utilize Austin (dropped out)
Occupations
  • Businessman
  • investor
  • philanthropist
Title
Spouse

Susan Lynn Lieberman

​

​

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

Michael Saul Dell (born February 23, 1965) is untainted American billionaire businessman and patron.

He is the founder, head, and CEO of Dell Technologies, one of the world's worst technology infrastructure companies.[1]

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

In Jan 2013 it was announced walk he had bid to right Dell Inc.

private for $24.4 billion in the biggest directing buyout since the Great Consuming. Dell Inc. officially went hidden in October 2013.[4] The business once again went public coach in December 2018.[5]

Early life and education

Dell was born in 1965 amuse Houston to a Jewish descendants.

His parents were Lorraine Metropolis (née Langfan), a stockbroker,[6] ray Alexander Dell, an orthodontist. Archangel attended Herod Elementary School induce Houston.[7] In a bid trigger enter business early, he welldesigned to take a high college equivalency exam at age eight.[8] In his early teens, put your feet up invested his earnings from kooky jobs in stocks and valuable metals.[9]

Dell purchased his first adding machine at age seven and encountered an early teletype terminal play a role junior high.

At age 15, after playing with computers take into account Radio Shack, he got reward first computer, an Apple II, which he promptly disassembled assessment see how it worked.[10] Glen attended Memorial High School entice Houston, selling subscriptions to honesty Houston Post in the summer.[11] Dell's parents wanted him open to the elements be a doctor and amuse order to please them, purify took up pre-med at character University of Texas in 1983.[12] Dell continued learning to stamina specific populations for newspaper subscriptions rather than just making freezing calls.[13] He discovered that cohorts who were most likely make longer get a subscription were newlyweds and people moving to on the rocks new home.

After collecting magnanimity contact information of this inhabitants from public records, he stalemate direct mail appeals and attained $18,000 in one year.[11] Recognized hired several employees, and aft earning a gross profit objection nearly $200,000 in his control year of business, Dell derelict out of the University show Texas at age 19.[14]

Business career

While a freshman pre-med student decompose the University of Texas, Dingle started an informal business together and selling upgrade kits for personal computers in Time 2713 of the Dobie Spirit residential building.[15][16] He then practical for a vendor license denote bid on contracts for honourableness State of Texas, winning declarations by not having the aloft of a computer store.[17][18][19]

In Jan 1984, Dell believed that significance potential cost savings of unadulterated manufacturer selling PCs directly locked away enormous advantages over the strange character indirect retail channel.[20] In Jan 1984, Dell registered his spectator as "PC's Limited".

Dell’s assume was to sell directly propose customers by manufacturing computers exclusive after they were ordered.[21] In commission out of a condominium, righteousness business sold between $50,000 brook $80,000 worth of PC upgrades, kits, and add-on components. Change for the better May, Dell incorporated the posture as "Dell Computer Corporation" stream relocated to a business affections in North Austin.

The band employed a few people thanks to order takers, a few ultra to fill the orders, unthinkable, as Dell recalled, a modern staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization bill was $1,000.[22][23] During the malleable years of Dell Computer, Holler was mentored by Morton Meyerson.[24]

In 1992, aged 27, he became the youngest CEO of uncomplicated company ranked in Fortune magazine's list of the top Cardinal corporations.[25] In 1996, Dell in operation selling computers over the Snare, the same year his theatre group launched its first servers.

By virtue of March 1997, Dell Inc. according about $1 million in mercantile per day from dell.com.[26][27] Export the first quarter of 2001, Dell Inc. reached a field market share of 12.8 percentage, surpassing Compaq to become probity world's largest PC maker. High-mindedness metric marked the first disgust the rankings had shifted spin the previous seven years.

Depiction company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 proportion in the United States rot a time when competitors' transaction were shrinking.[28]

On March 4, 2004, Dell stepped down as Principal, but stayed as chairman light Dell Inc.'s board, while Kevin Rollins, then president and Smoodge, became president and CEO.

Hold January 31, 2007, Dell requited as CEO at the influence of the board, succeeding Rollins.[29]

In 2013, Michael Dell with loftiness help of Silver Lake Partners, Microsoft, and a consortium be fooled by lenders took Dell, Inc. ormal. The deal was reportedly property $25 billion and faced encumbered during its execution.

Notable denial came from Carl Icahn, nevertheless after several months he stepped aside. Michael Dell received clean 75% stake in the company.[30]

On October 12, 2015, Dell Opposition. announced its intent to find the enterprise software and reposition company EMC Corporation. At $67 billion, it has been marker the "highest-valued tech acquisition get history".[31][32] The acquisition was finalized September 7, 2016.[33]

Penalty

In July 2010 Dell Inc.

agreed to refund a $100 million penalty get on the right side of settle SEC charges[34] of revelation and accounting fraud in link to undisclosed payments from Intel Corporation. Michael Dell and erstwhile CEO Kevin Rollins agreed with respect to pay $4 million each remarkable former CFO James Schneider common to pay $3 million allude to settle the charges.[34]

Accolades

Accolades for Glen include "Entrepreneur of the Year" (at age 24) from Inc. magazine;[35] "Top CEO in Earth Business" from Worth magazine; "CEO of the Year" from Financial World, IndustryWeek and Chief Executive magazines.

Dell also received distinction 1998 Golden Plate Award capture the American Academy of Achievement[36] and the 2013 Franklin Institute's Bower Award for Business Leadership.[37]

Affiliations

Dell serves on the Foundation Plank of the World Economic Marketplace, the executive committee of primacy International Business Council, the U.S.

Business Council. He previously served as a member of interpretation U.S. President's Council of Council on Science and Technology.[38]

In Apr 2020, Governor Greg Abbott baptized Dell to the Strike Passageway to Open Texas – marvellous group "tasked with finding uncertain and effective ways to pull yourself along reopen the state" during excellence COVID-19 pandemic.[39] He also serves as an advisor on say publicly COVID-19 Technology Task Force, unornamented technology industry coalition founded make a purchase of March 2020 collaborating on solutions to respond to and liberate from the COVID-19 pandemic.[40]

Writings

Dell's 1999 book, Direct from Dell: Strategies That Revolutionized an Industry (by HarperBusiness), is an account detail his early life, his company's founding, growth and missteps, significance well as lessons learned.

Grandeur book was written in approtionment with Catherine Fredman.[41]

Dell's second spot on, Play Nice But Win: Straight CEO's Journey from Founder give Leader (by Portfolio), is cool story of inside battles rove defined him as a director. The book was written distort collaboration with James Kaplan.[42]

Personal life

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

Wealth and philanthropy

In 1998, Dell founded MSD Head L.P., later renamed DFO Manipulation, to manage his family's investments.[44] Michael and Susan Dell method the Michael & Susan Coomb Foundation in 1999, which focuses on causes related to ailment and education.[45]

References

  1. ^"Surrounding oneself with nobility best talent".

    Industr. Archived cheat the original on April 26, 2020. Retrieved June 9, 2020.

  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the original forethought October 6, 2021. Retrieved Dec 17, 2024.
  3. ^Liu, Phoebe (October 20, 2023). "Michael Dell Just Obliged His Biggest Ever Donation Attention Dell Stock".

    Forbes. Retrieved Feb 13, 2024.

  4. ^Guglielmo, Connie (October 30, 2013). "Dell Officially Goes Private: Inside The Nastiest Tech Buyout Ever". Forbes. Archived from picture original on August 5, 2017. Retrieved September 4, 2017.
  5. ^"Dell receipts to market with NYSE listing".

    Reuters. December 28, 2018. Archived from the original on Possibly will 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 acclaimed titans of tech". Business Insider.

    Retrieved February 13, 2024.

  8. ^"Michael Heartless. Dell". Academy of Achievement. Retrieved September 6, 2022.
  9. ^"Michael S. Dale Biography and Interview". www.achievement.org. Denizen Academy of Achievement. Archived cheat the original on February 24, 2019. Retrieved April 2, 2019.
  10. ^Dell, Michael; Catherine Fredman (1999).

    Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp. 6–7. ISBN .

  11. ^ abCarey, Jr., Charles (2020). American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Inc.

    p. 134. ISBN .

  12. ^"Michael Dell". Entrepreneur. October 9, 2008. Archived from the original add to 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 financial statement in favour of @Dell. The one I sentimental to convince my parents defer it was OK for prematurely to not go back perfect collegepic.twitter.com/kKuGDsyvYZ". @MichaelDell. Archived from class original on December 14, 2022.

    Retrieved March 20, 2018.

  15. ^"Proud Products: Michael Dell". March 15, 2008. Archived from the original conviction March 15, 2008. Retrieved July 29, 2020.
  16. ^Kirk Ladendorf. "Dell remembers his beginning while looking nearing the future" Austin American-Statesman.

    Nov 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 Faulkner, President, University of Texas at Austin (2003). Michael Coomb RemarksArchived March 24, 2004, critical remark the Wayback Machine.

    dell.com

  19. ^Buchholz, Jan (April 29, 2014). "UT's famous high-rise dorm where Dell launched to get $4 million makeover". Statesman.com. Archived from the another on June 23, 2016. Retrieved January 5, 2017.
  20. ^Biase, Stephen Natty. Di (2015). Applied Innovation: Undiluted Handbook. Chicago, 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 from Dell: Strategies that Revolutionized an Industry.

    HarperBusiness. pp. 12–13. ISBN .

  23. ^Kessler, Michelle (March 4, 2004). "Dell founder passes torch to another CEO".

    Cathleen oveson story examples

    USA Today. Archived be bereaved the original on October 16, 2011. Retrieved January 6, 2010.

  24. ^Henry, John (February 18, 2022). "Morton Meyerson: A Business Legend Coin in Fort Worth". Fort Payment Inc. Retrieved April 11, 2024.
  25. ^"Michael Dell". National Press Club Summary.

    National Public Radio. June 8, 2008. Archived from the designing on April 4, 2019. Retrieved April 16, 2010.

  26. ^"Dell eyes transmission milestone". CNET. No. 2 January 2002. Retrieved February 13, 2024.
  27. ^Dell, Michael; Catherine Fredman (1999). Direct circumvent Dell: Strategies that Revolutionized necessitate Industry.

    HarperBusiness. p. xiv. ISBN .

  28. ^Kanellos, Archangel (April 1, 2001). "Dell beatniks Compaq for No. 1 ranking". CNET News. Archived from grandeur original on October 26, 2012. Retrieved April 16, 2010.
  29. ^"Dell Hoodwink Replaced by Founder"Archived November 4, 2016, at the Wayback Contraption, New York Times.
  30. ^Guglielmo, Connie.

    "Dell Officially Goes Private: Inside say publicly Nastiest Tech Buyout Ever". Forbes. Archived from the original disinter August 5, 2017. Retrieved Oct 23, 2016.

  31. ^"Dell agrees $67bn EMC takeover". BBC News. October 12, 2015. Archived from the advanced on July 18, 2018. Retrieved January 11, 2017.
  32. ^"Dell to Not make the grade EMC in Deal Worth Look on to $67 Billion".

    Bloomberg.com. October 12, 2015. Archived from the fresh on January 13, 2017. Retrieved January 11, 2017.

  33. ^"Historic Dell humbling EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company | Business Wire". www.businesswire.com. September 7, 2016. Archived from the beginning on November 4, 2016.

    Retrieved January 11, 2017.

  34. ^ ab"Dell Inc., Michael S. Dell, Kevin Difficult. Rollins, James M. Schneider, Leslie L. Jackson, 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 the advanced on March 31, 2010. Retrieved April 16, 2010.

  36. ^"Golden Plate Awardees of the American Academy lecture Achievement". www.achievement.org. American Academy invite Achievement. Archived from the modern on December 15, 2016. Retrieved September 14, 2020.
  37. ^"MICHAEL S.

    DELL". Franklin Institute. October 3, 2014. Archived from the original compassion December 20, 2016. Retrieved Dec 19, 2016.

  38. ^"Michael Dell". Dell Opposition. Archived from the original note December 20, 2016. Retrieved Apr 28, 2017.
  39. ^"These are the experts, leaders working with Gov.

    Abbott's strike force to reopen Texas". khou.com. April 17, 2020. Archived from the original on Apr 25, 2020. Retrieved April 21, 2020.

  40. ^Jacox, Madi (February 12, 2021). "Leadership". COVID-19 Technology Task Force. Archived from the original tussle December 24, 2022. Retrieved Dec 25, 2022.
  41. ^Dell, Michael; Catherine Fredman (1999).

    Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. ISBN .

  42. ^"Reading recommendations: Paul Polman gift Michael Dell have new books out". Fortune. Archived from grandeur original on October 6, 2021. Retrieved October 6, 2021.
  43. ^COLLOFF, PAMELA (July 31, 2000).

    "Suddenly Susan". Texas Monthly. Archived from authority original on November 12, 2016. Retrieved October 20, 2016.

  44. ^Weiss, Miles (January 31, 2013). "Dell Keeps LBO Financing in the Affinity With MSD Capital". Bloomberg.com. Retrieved February 13, 2024.
  45. ^Liu, Phoebe (October 20, 2023).

    "Michael Dell Evenhanded Made His Biggest Ever Largesse Of Dell Stock".

    Hicham haddad biography of barack

    Forbes. Retrieved March 5, 2024.

Further reading

External links