Michael Dell Is Now the World's 12th Wealthiest Person — How Much Is His Net Worth?

By Jace Dela Cruz

Mar 02, 2024 04:17 AM EST

Following Dell Technologies' impressive fourth-quarter earnings, the net worth of Michael Dell, the company's CEO, crossed the $100 billion mark, making him the world's 12th wealthiest person.

Allen And Company Annual Meeting Brings Business Executives, Media Moguls, And Politicians To Sun Valley, Idaho
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SUN VALLEY, IDAHO - JULY 09: Chairman and CEO of Dell Technologies Michael Dell walks to a morning session at the Allen & Company Sun Valley Conference on July 09, 2021 in Sun Valley, Idaho

Net Worth of Michael Dell Soared 

According to Fortune, Michael Dell's net worth soared past the $100 billion mark for the first time on Friday after the company's shares surged 32% to a record high.

It boosted the net worth of the Dell founder by $13.7 billion to $104.3 billion, making him the 12th wealthiest person in the world, just ahead of Gautam Adani of India, according to the Bloomberg Billionaires Index.

READ NEXT: Dell Shares Surge by 15% After Beating Earnings Estimates

Fortune of Michael Dell

Almost half of Michael Dell's fortune comes from Dell Technologies, a Texas-based computer manufacturer he established 40 years ago while still a student at the University of Texas at Austin.

While the company is renowned for its personal computers, its high-performance servers, including the H100 and MI300X, have garnered attention for their services in handling artificial intelligence (AI) workloads.

Michael Dell's wealth also received a boost from his stake in chipmaker Broadcom Inc. He acquired the shares after it bought VMWare in 2021. According to Fortune, those shares are worth over $31 billion.

READ MORE: Net Worth of Every 2024 Presidential Candidate Revealed: Ranking Joe Biden, Donald Trump, Other Candidates by How Rich They Are 

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