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.
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.
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.
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