DEFINITION of 'Michael S. Dell'

Michael S. Dell was the long-time CEO and chairman of Texas-based computer company, Dell Computer. Michael Dell is best known for the computer company he started in 1984 under the name PCs Limited and which now bears his name. The company grew rapidly and competed heavily with IBM, becoming a Fortune 500 company in 1992. Michael Dell has been named to the Forbes lists of the world's richest people and was once one of America's highest-paid CEOs.

Forbes lists Michael Dell's net worth as of 2018 at $23.5 billion, making him one of the wealthiest men in America. In February 2018, it was reported that in 2014, Dell had paid $100.5 million for Manhattan's "One 57" penthouse apartment, which holds the record for the most expensive home ever sold in New York City.

BREAKING DOWN 'Michael S. Dell'

Michael Dell was born on February 23, 1965 in Houston, Texas. While an undergraduate at the University of Texas at Austin, Dell began tinkering with earning money from computers by offering upgrade kits for sale from his dorm room. In 1984, Dell opened his own business, originally called PCs Limited, with the aim of building customized personal computers that had enormous cost savings over traditional retail channels for producing and selling computers at the time. In 1992, at age 27, he became the youngest CEO of a company ranked in the Fortune 500.

His company, Dell, distinguishes itself from other computer manufacturers by allowing customers to order computers with customized specifications directly from the company rather than purchasing premade computers off the shelf in retail stores. It also developed a strategy to limit the company's inventory so it could rapidly and profitably adapt to changing technology. This business model allows Dell to be highly competitive both in price and in customer service. His success allowed him to create the Michael and Susan Dell Foundation with his wife in 1999 to improve the health and education of children living in urban poverty in the United States, South Africa and India.

On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it had at the time been labeled the "highest-valued tech acquisition in history."

Michael Dell is also well known for his philanthropic work, with a personal charitable foundation focused on urban family and childhood education and financial stability.

Dell married Susan Lieberman on October 28, 1989, in Austin, Texas; the couple reside there with their four children.

RELATED TERMS
  1. Forward Integration

    Forward integration is a business strategy that involves a form ...
  2. Michael Bloomberg

    Michael Bloomberg is one of the wealthiest people in the world ...
  3. Chief Executive Officer - CEO

    A CEO is the highest ranking executive in a company whose main ...
  4. Cloud Computing

    Cloud computing is a model for delivering information technology ...
  5. Fortune 100

    The Fortune 100 is an annual list of the 100 largest U.S. public ...
  6. Quantum Computing

    Quantum computing, unlike classical computers, uses quantum bits ...
Related Articles
  1. Investing

    Dell Stock Doesn’t Exist. Here is Why

    Discover why going private has been helpful for Dell, and how it could be back to the stock market soon.
  2. Tech

    Dell Nears Purchase of EMC For $67B (EMC, VMW)

    What’s in it for Dell and also for EMC shareholders as the deal gets support from advisory firms?
  3. Trading

    VMware Stock Breaks Below Key Support After Dell RTO News

    VMware shares moved lower in response to reports that Dell is considering an RTO, but traders will be watching these key levels.
  4. Investing

    Clarity: My Favorite Term

    Adam Dell shares his favorite financial term.
  5. Investing

    VMware CEO Confirms Strong Bond With Dell (VMW)

    After inking a groundbreaking deal with AWS, Gelsinger says he and Dell see eye to eye, easing concerns over a possible management turnaround at VMware.
  6. Investing

    Who Are Apple's Main Competitors in Tech?

    The megalithic company has its share of competition.
  7. Investing

    Dell-Backed Virtustream to Head Off Against Amazon, Microsoft Cloud

    With the help of Dell Technologies, Virtustream hopes to gain traction against AWS and Azure.
  8. Investing

    AMD's Stock: Its Speedy Game Chip Is No Sure Bet

    AMD's rising sales of chips used in video game computers may not boost profits
  9. Small Business

    10 Richest, Most Successful Tech Geniuses

    Unlike many industries, tech billionaires are mostly self-made. Many of these billionaires came from humble means and, through their own genius, changed the world.
  10. Investing

    Top 3 Mutual Fund Holders of EMC Corp (DODGX, EMC)

    Discover the top three largest mutual fund holders of EMC Corporation shares, and learn if their investment strategy can help your portfolio.
RELATED FAQS
  1. Who are Apple's main competitors in tech?

    Explore Apple's competitive position in the many industries in which it operates. Learn about the different products and ... Read Answer >>
  2. How does privatization affect a company's shareholders?

    Shareholders of a public company can benefit if the company is taken private at a premium to where they own the shares. Read Answer >>
  3. Who are Qualcomm's (QCOM) main competitors?

    Learn about Qualcomm's different operating segments and its competitors in each segment, such as Texas Instruments, Nokia ... Read Answer >>
Trading Center