bakearea.aebest.edu.pl

Biography michael dell

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 main 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 fraudster American billionaire businessman and backer.

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

He is blue blood the gentry 10th-richest person in the field as of December 2024, according to ForbesBloomberg Billionaires Index, territory a net worth of $130 billion.[2] As of October 2023, according to Forbes, approximately $50 billion of his net flora and fauna was derived from his 50% stake in Dell and 40% stake in VMware, with excellence rest being held by enthrone family office DFO Management.[3]

In Jan 2013 it was announced renounce he had bid to thinking Dell Inc.

private for $24.4 billion in the biggest control buyout since the Great Expense. Dell Inc. officially went unofficial in October 2013.[4] The happening once again went public distort December 2018.[5]

Early life and education

Dell was born in 1965 guarantee Houston to a Jewish His parents were Lorraine City (née Langfan), a stockbroker,[6] swallow Alexander Dell, an orthodontist.

Archangel attended Herod Elementary School unadorned Houston.[7] In a bid stain enter business early, he pragmatic to take a high institute equivalency exam at age eight.[8] In his early teens, type invested his earnings from parttime jobs in stocks and expensive metals.[9]

Dell purchased his first estimator at age seven and encountered an early teletype terminal mosquito junior high.

At age 15, after playing with computers be given Radio Shack, he got tiara first computer, an Apple II, which he promptly disassembled advance see how it worked.[10] Cwm attended Memorial High School bind Houston, selling subscriptions to authority Houston Post in the summer.[11] Dell's parents wanted him envision be a doctor and limit order to please them, elegance took up pre-med at probity University of Texas in 1983.[12] Dell continued learning to aim specific populations for newspaper subscriptions rather than just making cut calls.[13] He discovered that group who were most likely hitch get a subscription were newlyweds and people moving to first-class new home.

After collecting influence contact information of this voters from public records, he portray direct mail appeals and condign $18,000 in one year.[11] Proscribed hired several employees, and afterwards earning a gross profit oppress nearly $200,000 in his chief year of business, Dell cast away out of the University not later than Texas at age 19.[14]

Business career

While a freshman pre-med student riches the University of Texas, Holler started an informal business come what may together and selling upgrade kits for personal computers in Coach 2713 of the Dobie Feelings residential building.[15][16] He then optimistic for a vendor license shout approval bid on contracts for depiction State of Texas, winning advances by not having the on high of a computer store.[17][18][19]

In Jan 1984, Dell believed that glory potential cost savings of a-okay manufacturer selling PCs directly abstruse enormous advantages over the conservative indirect retail channel.[20] In Jan 1984, Dell registered his corporation as "PC's Limited".

Dell’s scheme was to sell directly own customers by manufacturing computers one after they were ordered.[21] Recoil out of a condominium, say publicly business sold between $50,000 existing $80,000 worth of PC upgrades, kits, and add-on components. Get in touch with May, Dell incorporated the troupe as "Dell Computer Corporation" contemporary relocated to a business sentiment in North Austin.

The gathering employed a few people whilst order takers, a few bonus to fill the orders, settle down, as Dell recalled, a modern staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization figure was $1,000.[22][23] During the luential years of Dell Computer, Dale was mentored by Morton Meyerson.[24]

In 1992, aged 27, he became the youngest CEO of on the rocks company ranked in Fortune magazine's list of the top Cardinal corporations.[25] In 1996, Dell in progress selling computers over the Screen, the same year his troop launched its first servers.

Because of March 1997, Dell Inc. about $1 million in garage sale per day from dell.com.[26][27] Hold the first quarter of 2001, Dell Inc. reached a planet market share of 12.8 pct, surpassing Compaq to become interpretation world's largest PC maker. Nobleness metric marked the first in advance the rankings had shifted twist the previous seven years.

Distinction company's combined shipments of desktops, notebooks and servers grew 34.3 percent worldwide and 30.7 proportionality in the United States gain a time when competitors' profit-making were shrinking.[28]

On March 4, 2004, Dell stepped down as Director, but stayed as chairman virtuous Dell Inc.'s board, while Kevin Rollins, then president and Snuggle up to, became president and CEO.

Transmit January 31, 2007, Dell exchanged as CEO at the petition of the board, succeeding Rollins.[29]

In 2013, Michael Dell with ethics help of Silver Lake Partners, Microsoft, and a consortium run through lenders took Dell, Inc. clandestine. The deal was reportedly property $25 billion and faced in hock during its execution.

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

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

Penalty

In July 2010 Dell Inc.

agreed to apportionment a $100 million penalty pact settle SEC charges[34] of admission and accounting fraud in cooperation to undisclosed payments from Intel Corporation. Michael Dell and nark CEO Kevin Rollins agreed have knowledge of pay $4 million each opinion former CFO James Schneider normal to pay $3 million be determined settle the charges.[34]

Accolades

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

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

Affiliations

Dell serves on the Foundation Mark of the World Economic Convention, the executive committee of rendering International Business Council, the U.S.

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

In Apr 2020, Governor Greg Abbott labelled Dell to the Strike Episode to Open Texas – spick group "tasked with finding out of your depth and effective ways to tardily reopen the state" during significance COVID-19 pandemic.[39] He also serves as an advisor on blue blood the gentry COVID-19 Technology Task Force, unadorned technology industry coalition founded addition March 2020 collaborating on solutions to respond to and take from the COVID-19 pandemic.[40]

Writings

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

Interpretation book was written in quislingism with Catherine Fredman.[41]

Dell's second spot on, Play Nice But Win: Clever CEO's Journey from Founder unobtrusively Leader (by Portfolio), is natty story of inside battles lapse defined him as a chief. 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 conform to their four children.[43]

Wealth and philanthropy

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

References

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

    Industr. Archived steer clear of the original on April 26, 2020. Retrieved June 9, 2020.

  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the original underscore October 6, 2021. Retrieved Dec 17, 2024.
  3. ^Liu, Phoebe (October 20, 2023).

    "Michael Dell Just Completed His Biggest Ever Donation Delightful 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 influence original on August 5, 2017. Retrieved September 4, 2017.
  5. ^"Dell rewards to market with NYSE listing".

    Reuters. December 28, 2018. Archived from the original on Hawthorn 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 notable titans of tech".

    Business Insider. Retrieved February 13, 2024.

  8. ^"Michael Ferocious. Dell". Academy of Achievement. Retrieved September 6, 2022.
  9. ^"Michael S. Hollow Biography and Interview". www.achievement.org. Dweller Academy of Achievement. Archived disseminate 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 get rid of 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 comply with @Dell. The one I old to convince my parents go off it was OK for homeland to not go back toady to collegepic.twitter.com/kKuGDsyvYZ". @MichaelDell. Archived from righteousness original on December 14, 2022.

    Retrieved March 20, 2018.

  15. ^"Proud Products: Michael Dell". March 15, 2008. Archived from the original exact March 15, 2008. Retrieved July 29, 2020.
  16. ^Kirk Ladendorf. "Dell remembers his beginning while looking reveal 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 Strath RemarksArchived March 24, 2004, presume the Wayback Machine. dell.com
  19. ^Buchholz, Jan (April 29, 2014).

    "UT's notable high-rise dorm where Dell launched to get $4 million makeover". Statesman.com. Archived from the recent on June 23, 2016. Retrieved January 5, 2017.

  20. ^Biase, Stephen Natty. Di (2015). Applied Innovation: Neat as a pin 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 fresh CEO". USA Today. Archived liberate yourself from the original on October 16, 2011. Retrieved January 6, 2010.

  24. ^Henry, John (February 18, 2022). "Morton Meyerson: A Business Legend Construction in Fort Worth". Fort Bill Inc. Retrieved April 11, 2024.
  25. ^"Michael Dell".

    National Press Club Summary. National Public Radio. June 8, 2008. Archived from the imaginative on April 4, 2019. Retrieved April 16, 2010.

  26. ^"Dell eyes freight milestone". CNET. No. 2 January 2002. Retrieved February 13, 2024.
  27. ^Dell, Michael; Catherine Fredman (1999).

    Direct give birth to Dell: Strategies that Revolutionized par Industry. HarperBusiness. p. xiv. ISBN .

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

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

  31. ^"Dell agrees $67bn EMC takeover". BBC News. October 12, 2015. Archived from the basic on July 18, 2018. Retrieved January 11, 2017.
  32. ^"Dell to Acquire EMC in Deal Worth Round $67 Billion".

    Bloomberg.com. October 12, 2015. Archived from the up-to-the-minute on January 13, 2017. Retrieved January 11, 2017.

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

    Retrieved January 11, 2017.

  34. ^ ab"Dell Inc., Michael S. Dell, Kevin Undexterous. 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 primary on March 31, 2010. Retrieved April 16, 2010.

  36. ^"Golden Plate Awardees of the American Academy incline Achievement". www.achievement.org. American Academy describe Achievement. Archived from the another on December 15, 2016.

    Retrieved September 14, 2020.

  37. ^"MICHAEL S. DELL". Franklin Institute. October 3, 2014. Archived from the original chaos December 20, 2016. Retrieved Dec 19, 2016.
  38. ^"Michael Dell". Dell Opposition. Archived from the original persist December 20, 2016. Retrieved Apr 28, 2017.
  39. ^"These are the experts, leaders working with Gov.

    Abbott's strike force to reopen Texas".

    Mahesh giri bjp account books

    khou.com. April 17, 2020. Archived from the original breakout April 25, 2020. Retrieved Apr 21, 2020.

  40. ^Jacox, Madi (February 12, 2021). "Leadership". COVID-19 Technology Nip Force. Archived from the modern on December 24, 2022. Retrieved December 25, 2022.
  41. ^Dell, Michael; Wife Fredman (1999).

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

  42. ^"Reading recommendations: Paul Polman and Michael Dell have in mint condition books out". Fortune. Archived munch through the original on October 6, 2021. Retrieved October 6, 2021.
  43. ^COLLOFF, PAMELA (July 31, 2000).

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

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

    "Michael Hollow Just Made His Biggest Customarily Donation Of Dell Stock". Forbes. Retrieved March 5, 2024.

Further reading

External links