Michael dell children

Michael Dell

American business magnate

Michael Dell

Dell in

Born

Michael Saul Dell


() February 23, (age&#;59)

Houston, Texas, U.S.

Alma&#;materUniversity of Texas at Austin (dropped out)
Occupations
  • Businessman
  • investor
  • philanthropist
Title
Spouse

Susan Lynn Lieberman

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(m.&#;)&#;
Children4
RelativesAdam Dell (brother)

Michael Saul Dell (born February 23, ) is an American billionaire businessman and investor.

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

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

In January it was announced that he had bid to take Dell Inc.

private for $ billion in the biggest management buyout since the Great Recession. Dell Inc. officially went private in October [4] The company once again went public in December [5]

Early life and education

Dell was born in in Houston to a Jewish family. His parents were Lorraine Charlotte (née Langfan), a stockbroker,[6] and Alexander Dell, an orthodontist.

Michael attended Herod Elementary School in Houston.[7] In a bid to enter business early, he applied to take a high school equivalency exam at age eight.[8] In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.[9]

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

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

After collecting the contact information of this population from public records, he sent direct mail appeals and earned $18, in one year.[11] He hired several employees, and after earning a gross profit of nearly $, in his first year of business, Dell dropped out of the University of Texas at age [14]

Business career

While a freshman pre-med student at the University of Texas, Dell started an informal business putting together and selling upgrade kits for personal computers in Room of the Dobie Center residential building.[15][16] He then applied for a vendor license to bid on contracts for the State of Texas, winning bids by not having the overhead of a computer store.[17][18][19]

In January , Dell believed that the potential cost savings of a manufacturer selling PCs directly had enormous advantages over the conventional indirect retail channel.[20] In January , Dell registered his company as "PC's Limited".

Dell’s strategy was to sell directly to customers by manufacturing computers only after they were ordered.[21] Operating out of a condominium, the business sold between $50, and $80, worth of PC upgrades, kits, and add-on components. In May, Dell incorporated the company as "Dell Computer Corporation" and relocated to a business center in North Austin.

The company employed a few people as order takers, a few more to fill the orders, and, as Dell recalled, a manufacturing staff consisting of "three guys with screwdrivers sitting at six-foot tables". The venture's capitalization cost was $1,[22][23] During the formative years of Dell Computer, Dell was mentored by Morton Meyerson.[24]

In , aged 27, he became the youngest CEO of a company ranked in Fortune magazine's list of the top corporations.[25] In , Dell started selling computers over the Web, the same year his company launched its first servers.

By March , Dell Inc. reported about $1 million in sales per day from [26][27] In the first quarter of , Dell Inc. reached a world market share of percent, surpassing Compaq to become the world's largest PC maker. The metric marked the first time the rankings had shifted over the previous seven years.

Michael dell biography timeline report Michael Dell. Writings [ edit ]. Marking Scheme. Philanthropy Intensely private and notoriously shy, Dell has come out of his shell over the years, say those who know him, thanks to his wife Susan, a Dallas native whom he married in

The company's combined shipments of desktops, notebooks and servers grew percent worldwide and percent in the United States at a time when competitors' sales were shrinking.[28]

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

On January 31, , Dell returned as CEO at the request of the board, succeeding Rollins.[29]

In , Michael Dell with the help of Silver Lake Partners, Microsoft, and a consortium of lenders took Dell, Inc. private. The deal was reportedly worth $25 billion and faced difficulties during its execution.

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

On October 12, , Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history".[31][32] The acquisition was finalized September 7, [33]

Penalty

In July Dell Inc.

agreed to pay a $ million penalty to settle SEC charges[34] of disclosure and accounting fraud in relation to undisclosed payments from Intel Corporation. Michael Dell and former CEO Kevin Rollins agreed to pay $4 million each and former CFO James Schneider agreed to pay $3 million to settle the charges.[34]

Accolades

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

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

Affiliations

Dell serves on the Foundation Board of the World Economic Forum, the executive committee of the International Business Council, the U.S.

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

In April , Governor Greg Abbott named Dell to the Strike Force to Open Texas – a group "tasked with finding safe and effective ways to slowly reopen the state" during the COVID pandemic.[39] He also serves as an advisor on the COVID Technology Task Force, a technology industry coalition founded in March collaborating on solutions to respond to and recover from the COVID pandemic.[40]

Writings

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

The book was written in collaboration with Catherine Fredman.[41]

Dell's second book, Play Nice But Win: A CEO's Journey from Founder to Leader (by Portfolio), is a story of inside battles that defined him as a leader. The book was written in collaboration with James Kaplan.[42]

Personal life

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

Wealth and philanthropy

In , Dell founded MSD Capital L.P., later renamed DFO Management, to manage his family's investments.[44] Michael and Susan Dell established the Michael & Susan Dell Foundation in , which focuses on causes related to health and education.[45]

References

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

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

  2. ^"Bloomberg Billionaires Index: Michael Dell". Bloomberg. Archived from the original on October 6, Retrieved December 17,
  3. ^Liu, Phoebe (October 20, ). "Michael Dell Just Made His Biggest Ever Donation Of Dell Stock".

    Forbes. Retrieved February 13,

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

    December 28, Archived from the original on May 5, Retrieved May 5,

  6. ^Biography of Michael Dell. (From The Associated Press; ).
  7. ^Tweedie, Steven (May 9, ). "The yearbook photos of 13 famous titans of tech". Business Insider. Retrieved February 13,
  8. ^"Michael S. Dell".

    Academy of Achievement. Retrieved September 6,

  9. ^"Michael S. Dell Biography and Interview". .

    Michael dell biography ceo Michael Saul Dell was born in in Houston, Texas. Dell Inc. Download PDF. Dell found success in his personal life at that time, too; he married Susan Lieberman in October of

    American Academy of Achievement. Archived from the original on February 24, Retrieved April 2,

  10. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;6–7. ISBN&#;.
  11. ^ abCarey, Jr., Charles ().

    American Inventors, Entrepreneurs, and Business Visionaries, Revised Edition. New York, NY: Infobase Holdings, Inc. p.&#; ISBN&#;.

  12. ^"Michael Dell". Entrepreneur.

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  18. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;4–5. ISBN&#;.
  19. ^Dell, Michael (March 17, ).

    Michael dell biography timeline report template Dell Technologies. Other Pages. The company employed a few people as order takers, a few more to fill the orders, and, as Dell recalled, a manufacturing staff consisting of "three guys with screwdrivers sitting at six-foot tables". Archived from the original on October 6,

    "First financial statement for Dell. The one I used to convince my parents that it was OK for me to not go back to ". MichaelDell. Archived from the original on December 14, Retrieved March 20,

  20. ^"Proud Products: Michael Dell". March 15, Archived from the original on March 15, Retrieved July 29,
  21. ^Kirk Ladendorf.

    "Dell remembers his beginning while looking toward the future" Austin American-Statesman. November 27, , pp. E1, E2.

  22. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. pp.&#;9– ISBN&#;.
  23. ^Larry Faulkner, President, University of Texas at Austin ().

    Michael Dell RemarksArchived March 24, , at the Wayback Machine.

  24. ^Buchholz, Jan (April 29, ). "UT's famed high-rise dorm where Dell launched to get $4 million makeover". Archived from the original on June 23, Retrieved January 5,
  25. ^Biase, Stephen A. Di (). Applied Innovation: A Handbook.

    Chicago, IL: Premier Insights LLC. p.&#; ISBN&#;.

  26. ^Carbaugh, Robert (). Contemporary Economics: An Applications Approach\\\\ (7th&#;ed.). Oxon: Routledge. p.&#; ISBN&#;.
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    HarperBusiness. pp.&#;12– ISBN&#;.

  28. ^Kessler, Michelle (March 4, ). "Dell founder passes torch to new CEO". USA Today. Archived from the original on October 16, Retrieved January 6,
  29. ^Henry, John (February 18, ). "Morton Meyerson: A Business Legend Built in Fort Worth".

    Fort Worth Inc. Retrieved April 11,

  30. ^"Michael Dell". National Press Club Summary. National Public Radio. June 8, Archived from the original on April 4, Retrieved April 16,
  31. ^"Dell eyes shipment milestone". CNET. No.&#;2 January Retrieved February 13,
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    Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. p.&#;xiv. ISBN&#;.

  33. ^Kanellos, Michael (April 1, ). "Dell beats Compaq for No. 1 ranking". CNET News. Archived from the original on October 26, Retrieved April 16,
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  35. ^Guglielmo, Connie.

    "Dell Officially Goes Private: Inside the Nastiest Tech Buyout Ever". Forbes. Archived from the original on August 5, Retrieved October 23,

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    . October 12, Archived from the original on January 13, Retrieved January 11,

  38. ^"Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company | Business Wire". . September 7, Archived from the original on November 4, Retrieved January 11,
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    Dell, Kevin B. Rollins, James M. Schneider, Leslie L. Jackson, Nicholas A.R. Dunning". July 22, Archived from the original on July 9, Retrieved January 26,

  40. ^Richman, Tom (January 1, ). "The Entrepreneur of the Year". Inc. Archived from the original on March 31, Retrieved April 16,
  41. ^"Golden Plate Awardees of the American Academy of Achievement".

    . American Academy of Achievement.

    Michael dell quotes Dell thus combined his knowledge of computers with his well-developed business sense and began his own business, assembling upgrade kits for personal computers. Retrieved March 5, Michael Dell answers a call from a customer. Comment about this article, ask questions, or add new information about this topic: Name:.

    Archived from the original on December 15, Retrieved September 14,

  42. ^"MICHAEL S. DELL". Franklin Institute. October 3, Archived from the original on December 20, Retrieved December 19,
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  44. ^"These are the experts, leaders working with Gov.

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

  45. ^Jacox, Madi (February 12, ). "Leadership".

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  49. ^Dell, Michael; Catherine Fredman (). Direct from Dell: Strategies that Revolutionized an Industry. HarperBusiness. ISBN&#;.
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  51. ^COLLOFF, PAMELA (July 31, ). "Suddenly Susan". Texas Monthly. Archived from the original on November 12, Retrieved October 20,
  52. ^Weiss, Miles (January 31, ). "Dell Keeps LBO Financing in the Family With MSD Capital".

    .

    Susan dell biography: Web Sites "Dell Inc. Dell, Kevin B. Michael Dell founder. The company hired some people as order takers and others to complete the order.

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  53. ^Liu, Phoebe (October 20, ). "Michael Dell Just Made His Biggest Ever Donation Of Dell Stock". Forbes. Retrieved March 5,

Further reading

External links