Michael Dell, who is the CEO of Dell Technologies, is a famous entrepreneur. He is also the chairperson of the company, which started in 2016, after undergoing a merger with EMC. He was born in 1965 to an orthodontist and a stockbroker. Despite his parents pushing him to pursue a medical career, Dell decided to follow his interest, which was in entrepreneurship and technology.
The merger between Dell and EMC registered the highest acquisition capital in the history of technology, which was over $60 billion, as the New York Times explained. Dell Technologies underwent a significant financial reformation in 2018.
During an interview with the New York Times, Michael Dell explained that the largest percentage of his wealth is in MSD Capital, one of his investment companies. The firm is one of the chief shareholders in several restaurants and hotels.
Dell is among the most generous entrepreneurs in the world. In 2017, he funded his charitable organization with $1 billion. The foundation aims at helping poor children in the community. It has earned a reputable name by offering charitable contributions and making investments.
Dell’s Inspiration in Pursuing a Career in Technology
Dell grew up in Houston, which was near Johnson Space Center, where his parents would take him to have fun. Dell owned an electronic calculator when he was eight years, which was not a usual thing. The ability of the gadget to execute mathematical calculations inspired him to understand more about technology.
Dell joined the mathematics club in junior high school, which allowed him to attend district competitions. That way, his love for technology kept growing and became part of his future dreams.
The History of Dell Computers
Michael discovered his future fortune when he was in college. The computer industry had not fully established, and he realized that companies had not embraced direct customer care setup. Dell started saving towards the project, and on accumulating $1,000 in his account, Michael was ready to break the barriers. He began by networking with people at the college, where he would build and sell computers.
Michael Dell concentrated on building superior customer support by offering fair prices to his clients. His network grew wider and extended outside the college, a fact that saw him drop out of school to pursue his business.
In 1984, when dell had done business for one year, he registered a significant growth by making $6 million from his sales. He continued to grow his company, which made him a billionaire by 2000. His company had established branches across 34 countries, with over 35,000 employees. Dell Computer became the leading Pc manufacture in 1985, overtaking the previous leader, Compaq.
Michael Dell registered a series of successes in the first two decades of his entrepreneurship, joining the list of most prosperous people in the world. His success history is so persuasive that he published a book in 1999, which would become the best seller.
The New York Times recognizes Dell as one of the most successful entrepreneurs in the world. He has built a legacy in technology and business throughout his life.