Founder and CEO of Dell Technologies is the 17th richest person in the world
Businessman Michael Dell's fortune was made in the technology sector, with the founding of the company Dell Technologies, of which he is president and CEO.
Michael Dell is the 17th richest person in the world, according to Forbes International's billionaire ranking. According to the magazine, the American businessman has a fortune valued at 83 billion euros.
The businessman's fortune was built in the technology sector, with the founding of the company Dell Technologies, of which he is president and CEO.
The company's story begins in 1984, when Michael, a freshman at the University of Texas, creates PC's Limited with a $1,000 investment. At the end of his first year of college, Michael drops out of college and dedicates himself 100% to this project.
Four years later, the company managed to raise 30 million dollars in an initial public offering, which increased the company's capitalization to 85 million euros.
In 1995, the company expanded its operations to Europe, Asia and the rest of the Americas. In 1998, Dell consolidated its leadership and reached 12 million dollars in sales per day. In 2001, it became the number one supplier of computer systems in the world.
Michael and Silver Lake Partners bought the company off the public market in 2013 for $24.9 billion, one of the largest acquisitions in technology history.
jornaleconomico
