Michael Dell Children 4

Michael Saul Dell (born February 23, 1965) is an American business magnate and the founder and
chief executive officer of Dell Inc. He is one of the richest people in the world, with a net worth of
US$14 billion in 2010.[1]
The son of an orthodontist[2] and a stockbroke
Houston, Texas, U.S. Alma mater University of Texas Austin,
Net worth US$14 billion (2010)[1] Spouse Susan Dell

 he invested his earnings from part-time jobs in stocks and precious metals.
 Dell attended Herod Elementary School in Houston, Texas.[
 At age 15, after playing with computers at Radio Shack, he got his first computer, an Apple II,
 earned $18,000 by making the cold calls to who like to buy the subscriptions
 pre-med student at the University of Texas at Austin- started an informal business upgrading computers
in room 2713 of the Dobie Center residential building.
 In January 1984, Dell registered his company as "PC's Limited"
 In May, Dell incorporated the company as "Dell Computer Corporation" and relocated it to a business
center in North Austin.
 The venture's capitalization cost was $1,000
 In 1992 at the age of 27, Dell became the youngest CEO to have his company ranked in Fortune
magazine's list of the top 500 corporations
 In 1996, Dell started selling computers over the Web, the same year his company launched its first
servers
 Dell Inc. soon reported about $1 million in sales per day from dell.com.
 In the first quarter of 2001, Dell Inc. reached a world market share of 12.8 percent, passing Compaq to
become the world's largest PC maker.
 In 1998, Dell founded MSD Capital L.P. to exclusively manage his and his family's investments.
Investment activities include publicly-traded securities, private equity activities, and real estate. The firm
employs 80 people and has offices in New York, Santa Monica and London. Dell is not involved in day-to-
day operations.[
 At a speech before the Detroit Economic Club in November, 1999, Dell defined the "3 C's" of e-
commerce (content, commerce, and community) while articulating his strategy for offering a superior
customer experience online.
 On March 4, 2004, Dell stepped down as CEO of Dell Inc. but stayed as chairman of the board, while
Kevin B. Rollins, then president and COO, became president and CEO. On January 31, 2007, Dell
returned as CEO at the request of the board, succeeding Rollins.
 Accolades for Dell include: "Entrepreneur of the Year" (at age 24) from Inc. magazine;[18] "Top CEO in
American Business" from Worth magazine; "CEO of the Year" from Financial World, Industry Week and
Chief Executive magazines.
 Dell serves on the Foundation Board of the World Economic Forum
 the executive committee of the International Business Council, the U.S. Business Council
 the governing board of the Indian School of Business in Hyderabad, India
 He previously served as a member of the U.S. President’s Council of Advisors on Science and
Technology.
 In July 2010 Dell agreed to pay a $4 million penalty to settle SEC charges [20] of disclosure and
accounting fraud in relation to undisclosed payments from Intel Corporation
 Dell's 1999 book, Direct from Dell: Strategies That Revolutionized an Industry is an account of his early
life, his company's founding, growth and missteps, as well as lessons learned. The book was written in
collaboration with Catherine Fredman.[21